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12 Jul 2020, 6:07 pm
Businesses that service the loans also opposed the consent agreement. [read post]
12 Jul 2020, 7:43 am
According to the plaintiff, Situs Holdings, this transfer of assets is not only improper but also violates the loan agreement and puts at risk the company’s ability to repay the loan. [read post]
9 Jul 2020, 6:15 am
(relisted after the July 1 conference) Returning Relists Publishers Business Services, Inc. v. [read post]
3 Jul 2020, 4:23 am
Exemption Laws An exemption limit applies to any equity you have in the property. [read post]
3 Jul 2020, 4:23 am
Exemption Laws An exemption limit applies to any equity you have in the property. [read post]
3 Jul 2020, 4:23 am
Exemption Laws An exemption limit applies to any equity you have in the property. [read post]
1 Jul 2020, 8:52 am
Flood Insurance Requirements for Home Equity Loans, Lines of Credit, Subordinate Liens, and Other Security Interests in Collateral Located in an Special Flood Hazard Area XII. [read post]
26 Jun 2020, 12:09 pm
The CFPB advises that it “is concerned about the potential that the price-based approach may permit some loans to receive QM status, even if creditors may have originated those loans without meaningfully considering the consumer’s financial capacity because they believe their risk of loss may be limited by factors like a rising housing price environment or the consumer’s existing equity in the home. [read post]
25 Jun 2020, 9:05 pm
The public disclosure will include data from nearly 75 percent of all program loan recipients. [read post]
23 Jun 2020, 2:55 pm
Another reason why the CLBILS facility size and/or acceptance rates may be low is that, notwithstanding the Chancellor clarifying that CLBILS could be accessed by private equity-owned companies, it has been reported[4] that private equity-owned companies are still prevented from accessing CLBILS (for example, Hawksmoor, of which the majority is owned by Graphite). [read post]
23 Jun 2020, 3:03 am
Although information on loan recipients is being released, the data isn’t as extensive as some might want – here’s a statement issued by the Chairs of the House Financial Services Committee, Ways and Means Committee and Small Business Committee reiterating their demand for full transparency. [read post]
22 Jun 2020, 5:00 am
The borrower must contact the loan servicer or lender to make this request, and later can seek HUD approval for an extra six month extension. [read post]
19 Jun 2020, 5:00 am
In 2020, most cases are coming from the health, technology, electronic services, and financial services sectors, he said. [read post]
17 Jun 2020, 5:21 pm
The business is not an ineligible business as defined under 13 CFR 120.110(b)-(j), (m)-(s), which includes, among other businesses: private equity funds, lending businesses, life insurance companies and businesses located in a foreign country. [read post]
15 Jun 2020, 4:00 am
According to the agency’s press release, the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services. [read post]
10 Jun 2020, 10:14 am
LIBOR has been widely used as a benchmark in consumer financial products such as adjustable rate mortgage loans, home equity lines of credit (HELOCs), student loans and credit cards. [read post]
7 Jun 2020, 5:00 am
Because this was an equity argument, SCOV reviews for an abuse of discretion. [read post]
5 Jun 2020, 2:32 pm
The Supreme Court stated this conclusion nearly one hundred years ago in Local Loan Co. v. [read post]
5 Jun 2020, 2:32 pm
The Supreme Court stated this conclusion nearly one hundred years ago in Local Loan Co. v. [read post]
2 Jun 2020, 5:25 pm
ASIC issues letter to equity markets participants on setting expectations for equity market resilience ASIC published its letter issued to all equity market participants on 14 May 2020, setting out its expectations for all market participants to ensure Australia’s equity markets remain resilient. [read post]
