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9 Oct 2017, 11:32 am by Barbara S. Mishkin
  In Madden, the Second Circuit ruled that a nonbank that purchases loans from a national bank could not charge the same rate of interest on the loan that Section 85 of the National Bank Act allows the national bank to charge. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
NCSLT 2004-2 TRUST AGREEMENTDEPOSIT AND SECURITY AGREEMENT THE NATIONAL COLLEGIATE STUDENT LOAN TRUST 2004-2NATIONAL COLLEGIATE STUDENT LOAN TRUST 2005 [read post]
28 Sep 2017, 4:22 pm by LindaMBeale
Overall, the GOP framework would amount to about $2.2 TRILLION in less revenue to support federal programs (like protecting the environment from corporate pollutants, supporting higher education loans for students, funding basic university research) (assuming $5.8 trillion loss to lowering rates and shift to territorial system and maybe $3.6 trillion recouped by eliminating as yet unspecified deductions). [read post]
28 Sep 2017, 8:21 am by John L. Culhane, Jr.
  The six settled cases, which are described in the report, include cases involving alleged mortgage redlining (one from June 2016 and the other from December 2016), alleged discrimination on the basis of national origin in connection with vehicle-secured loans, alleged discrimination on the basis of familial status or disability and source of income, and alleged predatory targeting of minority homeowners. [read post]
  Although it did not meet that deadline, as we reported, the DISB did start accepting applications and transition filings for the Student Loan Servicer License on the National Mortgage Licensing System (NMLS) on August 10, 2017. [read post]
24 Sep 2017, 2:47 pm by Wolfgang Demino
Anh Regent, for example, who until recently obtained private student loan default judgments for the National Collegiate Student Loan Trusts along with other creditors, see document samples below), or when debt collectors complain about their mortgage being foreclosed following failure to make payments on the note. [read post]
22 Sep 2017, 2:27 pm by Wolfgang Demino
(TSI), the “special servicer” of the National Collegiate Students Trusts for defaulted loans, to clean up its act. [read post]
6 Sep 2017, 7:39 am by Pavitra Bacon
  The current statute provides no such threshold or exemption for “small servicers of mortgage loans. [read post]
31 Aug 2017, 4:44 pm by Ben Vernia
Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), guaranteed by the United States Department of Veterans Affairs (VA), and purchased by the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) that did not meet applicable requirements, the Justice Department announced today. [read post]
31 Aug 2017, 12:59 pm by Pavitra Bacon
  We previously reported on mortgage-related guidance issued by Fannie Mae, Freddie Mac, HUD, and VA regarding mortgage loans. [read post]
30 Aug 2017, 11:26 am by Pavitra Bacon
  HUD will offer state and local governments federally- guaranteed loans for housing rehabilitation, economic development, and repair of public infrastructure. [read post]
28 Aug 2017, 3:00 am by Biglaw Investor
The difference is that a mortgage is a very specific type of loan that must meet federal guidelines in order to be resold in the broader market. [read post]
22 Aug 2017, 11:10 am by Larry Tolchinsky
Dyck O’Neal is a national company that makes its money as a debt collector. [read post]
22 Aug 2017, 8:01 am by John L. Culhane, Jr.
The District of Columbia Department of Insurance, Securities and Banking recently started to accept applications and transition fillings for a Student Loan Servicer License on the National Mortgage Licensing System (NMLS). [read post]
13 Aug 2017, 6:00 am by Ed. Microjuris.com Puerto Rico
By Richard Cooper, Luke Barefoot, Adam Brenneman and Antonio Pietrantoni1 If there is one thing that all stakeholders in Puerto Rico’s fiscal crisis can agree on (and there are likely not many such things), it is that, without real economic growth, the commonwealth of Puerto Rico will neither be able to repay its creditors nor offer its residents a viable, let alone prosperous, future. [read post]
12 Aug 2017, 8:33 pm by Steve Gottlieb
That is, if you were white, you could have your mortgage guaranteed. [read post]
11 Aug 2017, 3:00 am by Biglaw Investor
An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). [read post]
9 Aug 2017, 9:09 pm by Adam Levitin
 The 2d Circuit held that held that the National Bank Act preempts state usury laws only in regard to the national bank itself; the preemption is personal to the bank and not a feature of the loan, so if a national bank sells a loan to a non-national bank entity, then the state usury law will spring into force regarding the loan. [read post]