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7 Apr 2020, 2:47 pm
As you know, the majority of states nationwide have issued stay-at-home orders requiring the public to avoid all nonessential outings and stay at home as much as possible. [read post]
7 Apr 2020, 11:49 am
Deposit Account Control Agreements are used to perfect a security interest in bank deposit accounts. [read post]
7 Apr 2020, 11:49 am
Deposit Account Control Agreements are used to perfect a security interest in bank deposit accounts. [read post]
6 Apr 2020, 11:37 am
For example, it has been decided that banks can use their Pillar 2 Guidance, the system of capital buffers for large Dutch banks has been reduced and the implementation of a floor for the risk weighting of mortgages has been temporarily postponed. [read post]
6 Apr 2020, 3:59 am
Unfortunately for the banks, in the case of mortgage documents robo-signing is illegal. [read post]
3 Apr 2020, 3:59 pm
The Ordinance directs City staff to develop a strategy to work with banks and lenders to halt mortgage payments or foreclosures for individuals and landlords who have suffered severe loss of wages and income due to the health crisis. [read post]
3 Apr 2020, 2:30 pm
Contact Your Mortgage Company: Bank of America Phone: 1-800-669-6607 Cenlar FSB Phone: 1-800-223-6527 Chase Phone: 1-800-848-9380 Freedom Mortgage Phone: 855-690-5900 Lakeview Loan Servicing, LLC Phone: 1-855-294-8564 LoanCare, LLC Phone:800-410-1091 Mr. [read post]
2 Apr 2020, 6:27 am
Government offices are shut down, and many professionals, consultants, and tradespeople are staying home. [read post]
31 Mar 2020, 10:04 am
Your documents are only useful if your fiduciaries can find them. [read post]
31 Mar 2020, 10:02 am
Your documents are only useful if your fiduciaries can find them. [read post]
31 Mar 2020, 9:36 am
Rivera and John Catalano Real estate billionaire Tom Barrack, the chairman and chief executive officer of Colony Capital, warned recently that the U.S. commercial real estate mortgage market is on the brink of collapse due to a predicted chain reaction of margin calls, mass foreclosures, evictions and bank failures resulting from the coronavirus pandemic. [read post]
31 Mar 2020, 8:22 am
If you have a mortgage or lease, see if you can suspend your payments. [read post]
30 Mar 2020, 4:18 pm
With respect to escrow agents, finance lenders and servicers, student loan servicers, residential mortgage lenders and servicers, and mortgage loan originators (“LOs”), the guidance indicates that the Department will not criticize certain work from home arrangements for student loan servicers or licensees sponsoring LOs so long as: (1) no physical business records are kept at home (or anywhere other than a licensed location), (2) there are no… [read post]
30 Mar 2020, 12:01 pm
The business must also certify to the bank in writing that the uncertainty of current economic conditions makes the loan necessary to support ongoing operations, acknowledge that the funds will be used to retain workers and maintain payroll, or make mortgage payments, lease payments, and utility payments. [read post]
29 Mar 2020, 8:33 pm
Banks remain open, with mortgages still being funded, and TARION noting that new home vendors may be able to extend home delivery timelines using the Unavoidable Delay provisions. [read post]
27 Mar 2020, 1:26 pm
Moratoriums While the state of emergency is in place a moratorium will be implemented on home mortgages for vulnerable borrowers, and debt claims are non-enforceable. [read post]
27 Mar 2020, 7:38 am
Currently, there are a couple of services that can be used, such as a mobile notary or remote online notarization, that provide good alternatives to getting documents notarized without leaving your home. [read post]
27 Mar 2020, 1:40 am
To facilitate landlords allowing tenants a ‘rent holiday’ if they are in financial difficulties, mortgage companies will agree a ‘mortgage payment holiday’ for buy to let mortgages. [read post]
26 Mar 2020, 3:31 pm
The requirement does not apply to any mortgage loans “made, insured, or securitized by any agency or instrumentality of the United States, any Government Sponsored Enterprise, or a Federal Home Loan Bank, or the rights and obligations of any lender, issuer, servicer or trustee of such obligations, including servicers for the Government National Mortgage Association. [read post]
26 Mar 2020, 8:50 am
You can also use our contact form. [read post]
