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8 Aug 2012, 7:53 pm by Kevin Funnell
While I haven't yet read more than the synopsis provided by O'Melveny and Myers, it seems to me that FNMA's status as the guarantor of mortgage-backed securities secured by the loans that it buys, as well as the broad wording of FNMA's Sellers and Servicers Guides regarding the breadth of the warranties and representations that loan sellers and servicers make to FNMA, will make this decision an important arrow in FNMA's legal quiver. [read post]
2 Aug 2012, 8:31 am by christopher
[This defense of Zygna not impressing me, for it is hard to back the valuation of a company that is"selling" imaginary goods. [read post]
2 Aug 2012, 2:31 am by tekEditor
Comparison USA-Germany I grew up in Germany, lived there for 26 years, then moved to the United States in 1992. [read post]
9 Jul 2012, 7:19 am by Richard Posner
House prices soared because housing is the product preeminently bought with debt, and the savings rate plummeted because home equity value was rising, while consumption soared as people took out second mortgages or home equity loans on their appreciating homes and spent the proceeds on personal consumption. [read post]
7 Jul 2012, 3:04 am by Legal Beagle
A MOTHER who FORGED the will of her dead son will not inherit his house, after Judge John Beckett QC at Scotland’s Court of Session said he was satisfied Steven Nicol did not sign the disputed will in a challenge brought b by the dead man’s partner on behalf of their daughter. [read post]
3 Jul 2012, 7:26 am by admin
As a rule of thumb, let’s figure each special servicer has a salary of $100,000 and an overhead cost (rent, utilities, and so on) of an equal amount.At that price, those 50,000 people are costing Bank of America $1.0 billion a year in unexpected operating costs, all for the privilege of writing loans down or writing them off. [read post]
28 Jun 2012, 8:41 am by Lawrence Solum
Those without insurance consume billions of dollars of health-care products and services each year. [read post]
15 Jun 2012, 9:52 am by Amy Howe
Edwards Argued on November 28, 2011 Plain English Issue: Whether lawsuits under the Real Estate Settlement Procedures Act, which allows homebuyers to sue banks and title companies when they pay kickbacks for the closing of a mortgage loan, are constitutional if the kickback does not affect the price or quality of the services provided? [read post]
23 May 2012, 12:34 pm
The trademark infringement complaint was filed by San Antonio-based USAA (United Services Automotive Association), a financial services company that provides banking, investing, and insurance services to individuals and families that serve, or served in the United states military. [read post]
23 May 2012, 12:34 pm
The trademark infringement complaint was filed by San Antonio-based USAA (United Services Automotive Association), a financial services company that provides banking, investing, and insurance services to individuals and families that serve, or served in the United states military. [read post]
18 May 2012, 7:00 am by Rebecca Shafer, J.D.
 A lower case loan will be necessary for adjusters without administrative assistance. [read post]
15 May 2012, 9:14 am by William McGrath
The last thirty days saw developments in several cases involving Chinese companies, including a case filed yesterday against China Natural Gas, Inc. and its former CEO Qinan Ji for having the corporation make loans to Mr. [read post]
30 Apr 2012, 6:25 am by Texas RioGrande Legal Aid
TRLA’s mission is to promote the dignity, self-sufficiency, safety and stability of low-income Texas residents by providing high-quality civil legal assistance and related educational services. [read post]
12 Apr 2012, 2:00 pm
Last September, the Fed arrived at a similar action against Goldman Sachs (GS) and Litton Loan Servicing LP. [read post]
6 Apr 2012, 1:07 pm by WIMS
 As the letter noted, this was not a statement of the quality or worthiness of those projects; it was simply a matter of timing. [read post]
2 Apr 2012, 6:15 am by Mandelman
  Okay, follow me… Weyerheuser Lumber Company had a finance company they called Weyerheuser Mortgage Company, or WMC… and they sold it in 1997 or 1998 for $192 million to a company called Apollo Global Management, which was founded by Leon Black in 1990, and today manages an estimated $100 billion in assets. [read post]
27 Mar 2012, 2:59 am
 NRCS (Natural Resources Conservation Service) and FSA (Farm Service Agency) would still do compliance checks using the same system we have in place now, and crop insurance agents would not have an additional role. [read post]
26 Mar 2012, 7:37 pm by Sanjana
At its most benign, it can help, for example, traffic and pedestrian flows in mega-cities so that congestion is eased, energy consumption is reduced and through infrastructure and public services that respond to socio-cultural, seasonal and geographical interaction patterns (e.g. waste disposal, municipal and local government offices, public spaces like parks, parking, entertainment centres, libraries and zoning) to significantly improve the quality of life of residents. [read post]
25 Mar 2012, 9:49 am by Howard Ullman
consumers – particularly businesses – are sophisticated and can judge the quality of services themselves. [read post]