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15 Aug 2011, 1:33 am by Kevin LaCroix
As discussed at greater length here, the NCUA alleged that the defendants had allowed WesCorp to purchase vast amounts of securities backed by Option ARM mortgages without appropriate analysis of the creditworthiness of the underlying securities or appropriate regard for the limits on concentrations in the company’ s portfolio. [read post]
18 Jul 2009, 7:31 am
The SEC retained the Center for Enterprise Modernization, operated by the MITRE Corporation, to assist with the creation of a more centralized process to identify leads for potential investigations and inspections. [read post]
20 Nov 2022, 11:03 pm by Peter Mahler
” Section 2.5, captioned “Purposes,” states that “[s]ubject to the provisions of this Agreement, the purposes of the Company are “to purchase, lease or otherwise acquire, and to hold, develop, use, lease, licenses [sic], maintain, sell, and otherwise deal with the Property”; to borrow funds and issue mortgages “in furtherance of any and all the objects of the business of the Company”; and “to do any and all other… [read post]
24 Nov 2010, 11:48 pm by Tessa Shepperson
Say a bit about yourself and your company My name is Adrian Thompson. [read post]
20 Nov 2011, 6:20 am by J
This is quite important because, in the overwhelming majority of service charge arrears cases, the landlord issues county court debt proceedings and, when no defence is filed, just claims judgment in default, which he sends to the mortgage company, who, in turn, pay the service charges (and legal costs), adding the same to the mortgage. [read post]
12 Nov 2007, 8:31 pm
The law office specifically alleges the analyst was directed not to downgrade a loan by a senior officer at the company to enable the bank to continue doing business with a large mortgage client, which the employee refused. [read post]
20 Nov 2011, 6:20 am by J
This is quite important because, in the overwhelming majority of service charge arrears cases, the landlord issues county court debt proceedings and, when no defence is filed, just claims judgment in default, which he sends to the mortgage company, who, in turn, pay the service charges (and legal costs), adding the same to the mortgage. [read post]
14 Jan 2009, 6:13 am by Wendy Fried
" In Sweden, he notes, labor has representation at the central bank. [read post]
16 Jan 2012, 12:05 am by Kevin LaCroix
(Of course, this case is not the only one in which the underlying narrative involved Paulson; Paulson’s conversations with BofA CEO Ken Lewis in December 2008 also play a central role in the securities class action lawsuit arising out of the BofA/Merrill Lynch merger.) [read post]
5 May 2010, 8:59 am by Thom Lambert
Lenders financed these transactions because they knew they could sell their mortgages to federally-backed greater fools, Fannie Mae and Freddie Mac. [read post]
26 Apr 2022, 9:01 pm by Gary Gensler
First, mortgages, credit cards, and other kinds of debt were bundled into tradable securities. [read post]
12 Apr 2019, 2:35 pm by opseo
Unlike earlier generations, many senior citizens are retiring with large amounts of debt including a mortgage. [read post]
30 Sep 2010, 12:33 pm by Frank Pasquale
You don’t have to actually violate company rules, and they don’t have to prove it. [read post]
29 May 2015, 4:20 am by SHG
And one of the corporate entities that already pleaded guilty is a US company, Traffic Sports USA. [read post]
8 Dec 2011, 8:50 am by Lovechilde
The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. [read post]
16 Aug 2010, 2:32 am by Kevin LaCroix
  PFF Bancorp: In an August 9, 2010 opinion (here), Central District of California Judge Andrew Guilford denied the defendants’ motions to dismiss in the securities class action lawsuit against two former directors and officers of PFF Bancorp, the corporate parent for PFF Bank & Trust, which failed on November 21, 2008. [read post]
12 Nov 2010, 12:27 am by LindaMBeale
  Now there are some good ideas here--like ending the mortgage interest deduction for mortgages on vacation homes and capping the mortgage on which interest can be deducted at $500,000. [read post]
18 Jun 2012, 9:30 pm by John F. Cooney
 The government accomplished this mission at the same time it was called upon unexpectedly to nationalize Fannie Mae and Freddie Mac, to prevent disruption of the entire mortgage market, and to rescue the insurance firm AIG to preserve the derivative market. [read post]