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24 Apr 2011, 4:18 am by Mandelman
Louis and California that have failed to do the promised mortgage modification work. [read post]
30 Oct 2010, 6:37 pm by Mandelman
Perhaps to commemorate their abundant preparedness, BofA will foreclose on yet another free and clear home on which they never held the mortgage. [read post]
23 Jul 2011, 12:05 am by Mandelman
You know, both Reuters and AP have reported that even though the mortgage servicers promised to stop the “robo-signing” of documents crucial to the foreclosure process, the banksters have actually continued robo-signing, so basically nothing has changed. [read post]
18 Apr 2012, 11:55 am by Rich Vetstein
  This will help servicers who may need more time to obtain a broker price opinion or a private mortgage insurer’s approval on a BRP or property offer. [read post]
19 Apr 2011, 12:41 pm by Mandelman
The list of servicers, in alphabetical order, includes: Ally Financial/GMAC, Aurora Bank, Bank of America, Citigroup, EverBank, HSBC, JPMorgan Chase, MetLife, OneWest Bank, PNC Financial, Sovereign Bank, SunTrust, U.S. [read post]
23 Feb 2012, 9:11 pm by Mandelman
I have 15 years industry experience in all facets of the mortgage & title industry, and just needed a job at the moment. [read post]
30 Aug 2010, 8:34 am by Mandelman
I talk to a lot of homeowners from all over the country every single day, and it’s been like that for almost two years now. [read post]
6 Jun 2007, 12:25 pm
GMAC Mortgage Corp., 434 F.3d 948 (7th Cir. 2006). [read post]
2 Feb 2011, 2:12 am by Mandelman
In my original post, I said that I thought the mailer looked “extremely suspicious, and could be an illegal scam… because it appears to invite homeowners to participate in a SETTLEMENT, and presents such outcomes as a free and clear mortgage and up to $75,000 in monetary damages per individual participant. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
He must be presumed to be a sophisticated investor.DOOMED TO DELINQUENCY AND DEFAULT, BUT ONLY AFTER A PERIOD OF LATENCYUnlike securitized residential mortgages, the unsecured student loans could not go into default immediately or even within months (short of borrower death or bankruptcy) because the student-borrowers were still in school and their loans in the incubation stage (deferment). [read post]
28 Mar 2007, 7:18 am
  Yet the company, the world’s largest retailer, also said that it was not pulling back from plans to roll out a stream of new financial products, which could include mortgages and other types of consumer loans. [read post]
12 Jul 2017, 12:38 pm by WOLFGANG DEMINO
The notice also stated that if the default was not cured "in the full amount" by August 20, 2013, "the mortgage payments will be accelerated with the full amount . . . becoming due and payable in full. [read post]
5 Feb 2010, 6:05 am by Hal Scott, Harvard Law School,
Editor’s Note: Hal Scott is the Director of the Program on International Financial Systems at Harvard Law School. [read post]