Search for: "Bank of America Home Loans, Inc." Results 21 - 40 of 248
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17 Jun 2019, 6:00 am
Ocwen, "America's largest subprime loan servicer," according to the most recent complaint, teamed up with co-defendant Cross Country Services Inc., which mailed millions of small ($2.50) checks to Ocwen customers. [read post]
20 May 2019, 9:11 am by MOTP
PLS Financial Services, Inc., however, a federal district court and the Fifth Circuit reached the opposite conclusion in a proposed class action presenting the very same litigation waiver question under almost identical factual circumstances, 689 Fed.Appx. 800 (5th Cir. 2017) (per curiam).How should these cases be counted? [read post]
3 May 2019, 10:07 am by Hollis Kelly
Fairstone Financial Inc. also issued the first non-prime asset backed securities deal that Canada has seen since the credit crisis when it sold a CAD 322.4m bond issuance backed by consumer loans with interest rates as high as 39.99 per cent. [read post]
27 Feb 2019, 7:40 am by ccollins
The City of Birmingham Retirement and Relief System and the Electrical Workers Pension System Local 103 have filed a proposed class action securities fraud lawsuit accusing a number of big banks of colluding with one another to rig the prices of Federal Home Loan Mortgage Corp. [read post]
29 Nov 2018, 11:58 am by Wolfgang Demino
Unlike with securitized mortgages, there were no homes as secured real assets to foreclose on, leaving collection lawsuits against borrowers and cosigners, followed by execution on nonexempt assets and garnishment, as forcible collection tools. [read post]
14 Aug 2018, 1:25 pm by Larry Tolchinsky
Bank Fails to Follow Federal Law Covering Home Loans The home loan industry is heavily regulated, and many different federal laws have been passed by Congress not only to help borrowers get home loans but to oversee the actions of mortgage lenders. [read post]
18 Jun 2018, 2:02 pm by Paul Rugani
Bank breached certain contractual and common law duties when it agreed to a proposed $94 million settlement of an ongoing RMBS repurchase action in New York state court against Bank of America, N.A. and certain affiliates, as successors to Countrywide Home Loans, Inc. [read post]
18 May 2018, 8:02 am by John Elwood
” Through some twist of fate, the Old Dominion is home to America’s largest domestic uranium deposits. [read post]
27 Mar 2018, 5:02 pm by Wolfgang Demino
The Access Loans are private loans originally financed by National City Bank ("National City") through the Access Loan Program. [read post]
31 Dec 2017, 5:12 pm by Wolfgang Demino
TAGS: CFPB Enforcement Action against the Trusts and TSI, National-Collegiate-Student-Loan-Trusts, private-student-loans – posted on 11/6/17Why should junk debt buyers such as Midland Funding benefit from NBA protection when they are not national banks and are not subject to regulation and supervision as national banks? [read post]
31 Dec 2017, 5:12 pm by Wolfgang Demino
CFPB, federal-enforcement-actions, National-Collegiate-Student-Loan-Trusts, Transworld-System-Inc – posted on 11/16/17Trust spat in Delaware Verbatim: CFPB's Opposition to Intervention of Interested Non-parties who want to block Consent Judgment between the Bureau and the National Collegiate Student Loan Trusts federal-enforcement-actions, National-Collegiate-Student-Loan-Trusts, private-student-loans, Transworld-System-Inc –… [read post]
17 Dec 2017, 3:28 pm by Wolfgang Demino
And the credit card account at issue in Madden was presumably one of those, because the 2d Circuit opinion in Madden v Midland mentions a notice-of-change-in-terms that changed the choice-of-law state to Delaware, FIA's home state.Exemplar of Bank of America N.A. [read post]
17 Dec 2017, 3:28 pm by Wolfgang Demino
In fact, FIA was created by Bank of America (holding company) to consolidate its credit card operations in a Delaware-located national bank. [read post]