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24 Jan 2020, 9:58 am
In the case of a home equity conversion mortgage or reverse mortgage as referenced in Section 6-h of the Banking Law, Sections 280 and 280-a of the Real Property Law or 24 CFR 3500.2, servicing includes making payments to the borrower. [read post]
11 Jan 2020, 11:18 am
How Reverse Mortgages Work On its simplest terms, reverse mortgages involve taking a loan out against the equity in a person’s home. [read post]
26 Dec 2019, 9:04 am
” Mortgage Bankers Association. [read post]
17 Dec 2019, 7:54 am
Court of Appeals for the Seventh Circuit recently reversed as excessive a jury’s award of $3 million in punitive damages against a mortgage servicer for inadequate recordkeeping, misapplication of payments, and poor customer service. [read post]
12 Dec 2019, 8:58 am
” During defense cross-examination, a witness was asked about his home mortgage payments. [read post]
3 Dec 2019, 3:30 am
A HELOC is not the same as a reverse mortgage which requires no repayment of the loan until the sale of the house. [read post]
2 Dec 2019, 7:52 am
December 1, 2019New Website for LawyersTrial of a New York Matrimonial and Custody Action (www.nysdivorce.net) deals with the trial of a New York matrimonial and custody action. [read post]
19 Nov 2019, 3:31 pm
Fed. 3d Art. 8), "Requirements Under State Law for Foreclosure on Home Equity Conversion Mortgages or So-Called Reverse Mortgages" (21 A.L.R.7th Art. 4) and "Federal Communication Commission Rules Governing Limits on Television, Radio, and News Ownership" (46 A.L.R. [read post]
11 Nov 2019, 8:16 am
In a putative class action of borrowers who received mortgage statements after a bankruptcy discharge, the U.S. [read post]
11 Nov 2019, 3:45 am
Baumann appealed to the Appellate Division, First Department, which, in March 2017, unanimously reversed the lower court’s order. [read post]
29 Oct 2019, 10:03 am
The FCA will also not proceed with: allowing the modified assessment to be used where the consumer is looking to switch to a new mortgage deal on a new property; and requiring a more affordable mortgage to have a lower reversion rate than the rate the consumer is currently playing. [read post]
29 Oct 2019, 2:00 am
In part 1 of this article series, I sat down with Tanya Staples, VP of Product, Learning Content at LinkedIn and discussed the latest learning trends and the strategic value of learning for business leaders. [read post]
28 Oct 2019, 3:37 pm
The term shall not include an extension of credit under an open-end consumer credit plan, a reverse mortgage transaction, or any other loan that is secured by real property or a dwelling. [read post]
16 Oct 2019, 4:00 am
Colonial Mortgage & Loan Corp., 4 So.3d 93, 100 (La. [read post]
8 Oct 2019, 1:20 pm
Sless Group of Primary Residential Mortgage (PRMI) has added Laura Harris as a loan processor dealing exclusively with reverse mortgages. [read post]
7 Oct 2019, 3:04 pm
The case concerned the distinctive market of Residential Mortgage Backed Securities (“RMBS”). [read post]
3 Oct 2019, 5:47 am
Most people who file Chapter 7 bankruptcy have little assets and qualify to have most of their unsecured debt discharged. [read post]
3 Oct 2019, 5:47 am
What Can I Expect to Happen During Chapter 7 Bankruptcy? [read post]
2 Oct 2019, 10:21 am
The Court of Appeals for the Federal Circuit reversed and did not decide that the American Rule is relevant to interpreting the language, but looked at the ordinary usage in 1839 when Congress first required the payment of expenses in such suits, the history and purpose of the statute, and Supreme Court precedent, and concluded that the statute authorized the award of fees because expenses include attorneys’ fees. [read post]
1 Oct 2019, 3:15 pm
Sless Group of Primary Residential Mortgage has added Robert Sklar as a loan originator dealing exclusively with reverse mortgages. [read post]