Search for: "Reverse Mortgage"
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9 Jul 2020, 8:35 am
The Appellate Court of Illinois, Third District recently reversed entry of summary judgment and subsequent post-foreclosure orders in favor of a mortgagee, after challenges by a non-borrower mortgagor concerning the mortgagee’s standing and existing obligations under the loan resulting from a “certificate of error” recorded by the original lender’s nominee to rescind and disavow a purportedly mistakenly-recorded release of the mortgage. [read post]
5 Oct 2020, 2:57 pm
Sless Group of Primary Residential Mortgage (PRMI) has added Joseph Susserman as a loan originator dealing exclusively with reverse mortgages. [read post]
17 Feb 2010, 4:50 pm
This continued the disturbing trend of delinquency rates rising over the last year's for each previous year, and reversed a trend toward smaller gains in delinquencies for the rest of 2009. [read post]
9 Jul 2009, 5:03 am
Popular schemes include builder bail-out, short sale, foreclosure rescue, credit enhancement, loan modification, illegal property flipping, seller assistance, bust-out, debt elimination, mortgage backed securities, real estate investment, multiple loan, assignment fee, air loan, asset rental, backwards application, reverse mortgage fraud, and equity skimming.As lenders tighten the screws on lending guidelines and procedures to stem the tide of frauds, I imagine that future… [read post]
11 Jul 2011, 2:35 am
Louis Gendason, 42, Delray Beach, Florida; Kimberly Mackey, 46, Pittsburgh, Pennsylvania; John Incandela, 24, Palm Beach, Florida; and Marcus Echevarria, 29, of Palm Beach, Florida, were charged for their participation in a $2.5 million Home Equity Conversion Mortgage (a.k.a. reverse mortgage) fraud scheme. [read post]
28 Feb 2007, 12:15 am
This decision from the Second District reversed the dismissal of a mortgage foreclosure action where a mortgagee attempted to foreclose based on nonpayment of a promissory note issued by a third party. [read post]
28 Aug 2017, 9:05 am
More Blog Posts: Massachusetts Court Reverses Deficiency Judgment Against Defendants Who Lost Their Home in Foreclosure, Massachusetts Real Estate Lawyer Blog, published May 8, 2017 Massachusetts Land Court Dismisses Bank’s Action Against Defendant to Reform Mortgage, Massachusetts Real Estate Lawyer Blog, published January 2, 2017 [read post]
3 Jul 2013, 11:16 am
Circuit has reversed a district court order dismissing the Association’s challenge to the Wage and Hour Division’s first “Administrator Interpretation” concluding that mortgage loan officers were nonexempt under the FLSA (Mortgage Bankers Association v Harris, July 2, 2013, Brown, J). [read post]
25 Feb 2016, 7:30 am
The main exceptions are cases involving a reverse mortgage, or situations in which the homeowner does not reside at the property being foreclosed, such as a second home or vacation house. [read post]
6 Aug 2019, 8:14 am
Procedures: When you get a written copy of how your payments have been credited to your loan balance, you often see payments posted, then reversed, then reapplied differently. [read post]
10 Jun 2018, 10:08 am
This program offers as much as $50,000 to elderly homeowners who have reverse mortgages. [read post]
10 Jun 2018, 10:08 am
This program offers as much as $50,000 to elderly homeowners who have reverse mortgages. [read post]
17 Feb 2010, 4:50 pm
We have had good results when we seek to reverse that trend, successes we attribute to the fact that we are Westminster loan modification attorneys. [read post]
10 Mar 2023, 6:48 am
The FCA has also published new data and analysis on the mortgage market. [read post]
25 May 2011, 7:16 am
Countrywide and Wells Fargo have also been accused of targeting minorities for expensive subprime loans, a practice known as reverse redlining. [read post]
25 Aug 2010, 1:33 am
The Federal Reserve Board is stepping up efforts to restructure ground rules for U.S. mortgage issuers with the Aug. 16 release of five separate rules and guidance. [read post]
24 Apr 2012, 3:09 pm
This reverses the position previously taken by the Department of Corporations. [read post]
19 Sep 2012, 11:22 am
State, for example, Florida's Second District Court of Appeal reversed a grand theft conviction, finding that the defendant likely lied (and probably committed fraud), but did not steal. [read post]
19 Apr 2009, 8:46 am
We've blogged about financial translation, foreign language translation of reverse mortgage loans, validity of real estate transactions conducted in a foreign language, and the role professional business translation services in consumer protection. [read post]
20 Jan 2010, 11:32 am
Likewise, the claim alleged that the brokers encouraged and invited the investor to leverage the equity in his home with a reverse-mortgage transaction to utilize as investment capital. [read post]
