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20 Jul 2020, 2:59 pm
It is a common procedure for banks to sell loans over and over during the life of your mortgage. [read post]
3 Jul 2020, 6:43 am by Florence Campbell Jones
   Moratorium for mortgages and loans In addition to a moratorium on first-home mortgages, there is a moratorium applicable to credit granted to small and medium-sized enterprises (“SME“) until December 2020. [read post]
1 Jul 2020, 10:48 am by Walker & Walker Law Offices
  You can get an FHA mortgage only 2 years after the discharge, and car loans within days. [read post]
26 Jun 2020, 1:21 pm by luiza
Shah received over $1.5 million in loan funds purportedly for his WBF Weddings by Farah Inc employees, which he instead used to purchase a Tesla, make personal investments, and to cover his home mortgage payments. [read post]
25 Jun 2020, 12:55 pm by Scott A. Coleman and Lori J. Sommerfield
Qualifying retail loans include home mortgage loans, small loans to a business, small loans to a farm and consumer loans if the loans are: (1) provided to an LMI individual or family, a CRA-eligible business or a CRA-eligible farm; (2) located in Indian country or other tribal and native lands; (3) a small loan to a business located in an LMI census tract; or (4) a small loan to a farm located in an LMI census tract. [read post]
25 Jun 2020, 10:13 am by Canadian Legal Wills
Generally, the mortgage will stick to the home itself. [read post]
18 Jun 2020, 7:26 am by Kristian Soltes
The fees are bank-to-bank charges paid from a merchant’s lender to a card-issuing bank when a purchase is processed. [read post]
17 Jun 2020, 10:32 am by Eric Nyman
  On June 3, the Federal Housing Finance Agency (FHFA) sent for publication a final rule on the Federal Home Loan Banks’ Housing Goals, which eliminates the retrospective evaluation using HMDA data and set a single prospective mortgage purchase housing goal as a share of each FHLBank’s total Acquired Member Asset purchases. [read post]
The proposed rule defined home mortgage loans with reference to call reports but generally limited CRA credit to home mortgage loans made to LMI individuals and families to give proper emphasis to LMI lending activities. [read post]
11 Jun 2020, 12:32 pm by Craig R. Tractenberg
There are also mortgage modifications provisions that will help guarantors of business debt to same their homes. [read post]
11 Jun 2020, 10:03 am by Lindsay A. Heller
While they lived together, the mortgage payments were drawn directly from the plaintiff’s bank account, having made a majority of the payments (87-90 of 96 total) and the defendant paid the remaining payments when the plaintiff was out of work. [read post]
10 Jun 2020, 4:08 pm by Richard Brunette
Of Appeals, No. 18-60059,  June 1, 2020) are all too familiar –  a mortgage loan originated by Countrywide Home Loans wound up in a huge pool of securities with The Bank of New York Mellon serving as trustee for the certificate holders. [read post]
10 Jun 2020, 6:17 am by John L. Culhane, Jr.
The final rule would take effect on March 15, 2021, except for the revised change-in-term disclosure requirements for home equity lines of credit (which include reverse mortgages structured as open-end credit) (HELOCs) and credit cards that would apply as of October 21, 2021. [read post]
8 Jun 2020, 12:36 pm by Robert M. Travisano
Applicants also must certify that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant, [and] the funds will be used to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments…” SBA Form 2484, (last visited May 21, 2020). [read post]
6 Jun 2020, 1:56 pm by Ray Garcia
Save, Save, Save, Money in the Bank: It is suggested that that you put 20% down when purchasing a home. [read post]
However, consumers should remember that lenders may use information obtained from other sources, such as bank account information, in their lending decisions. [read post]
1 Jun 2020, 6:37 am by David M. Offen Esq.
Call us or email us and and our experienced Philadelphia mortgage foreclosure attorneys will help you figure out how to solve your mortgage problem. [read post]