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23 Jun 2023, 5:54 am by Mary Anne Peck
(REUTERS) Multiple States Eye Protections for Home Buyers Who Use Alternative Financing Methods With traditional mortgages becoming out of reach for an increasing number of American homebuyers, lawmakers in at least four states have introduced bills this year addressing consumer protections for alternative home financing arrangements such as rent-to-own agreements, land installment contracts and personal property loans, according to the National Conference of State… [read post]
23 Jun 2023, 8:54 am by Mary Anne Peck
(REUTERS) Multiple States Eye Protections for Home Buyers Who Use Alternative Financing Methods With traditional mortgages becoming out of reach for an increasing number of American homebuyers, lawmakers in at least four states have introduced bills this year addressing consumer protections for alternative home financing arrangements such as rent-to-own agreements, land installment contracts and personal property loans, according to the National Conference of State… [read post]
25 May 2023, 3:00 pm
” For a preferred ship mortgage, CIMLA provides a cause of action in federal court “on default of any ter [read post]
4 Sep 2012, 6:29 am by BuckleySandler
In addition to the above, the Conference covered other various federal and state regulatory issues, including the following: In the panel “Mortgage Fraud and Other Trends Affecting Housing Finance Federal Housing Finance Agency (FHFA) Office of Inspector General,” representatives of the FHFA-OIG provided an overview of its ongoing audits of mortgage fraud; “Mortgage Loan Servicing: Aftermath of National Servicer… [read post]
27 Feb 2014, 7:51 am by Allison Tussey
Lacie Devine, 35, Edinburg, Texas, has pleaded guilty to federal charges in connection with a mortgage fraud scheme. [read post]
7 Dec 2011, 6:32 pm
The laws regulate federal savings & loan institutions, and FIRREA established uniform national real estate appraisal standards. [read post]
12 Aug 2020, 7:31 am by Martin A. Schwartz
Today, current complex financing arrangements often involve a stack of different debt in which a borrower may have a mortgage loan on its property and one or more mezzanine loans secured by ownership interests in the borrower. [read post]
26 Apr 2007, 9:00 am
  Schumer has said it might come from a federal appropriation or perhaps the Federal Housing Administration or mortgage financiers Fannie Mae and Freddie Mac. [read post]
8 Mar 2011, 5:45 am
On Feb. 3, Bohr and his wife, Elizabeth Propp, filed a lawsuit against Wells Fargo Home Mortgage and Fidelity National Title Insurance Company. [read post]
14 Jun 2011, 9:39 pm
MSMCH had acquired the mortgage loans and then transferred and pooled them to Morgan Stanley Capital Inc., which then transferred them to a trust that had LaSalle Bank National Association serve as a trustee. [read post]
5 Jul 2011, 4:12 am
On June 9th, the Treasury Department announced that three of the nation's largest mortgage servicers, Bank of America, J.P. [read post]
1 Mar 2008, 8:20 am
Across the nation, credit counselors are noticing an unusual trend, as reported by Kathy Chu in a recent issue of USA TODAY. [read post]
29 Nov 2009, 5:13 am by John Watts & M. Stan Herring
A New York Times article lays out more details: Mortgage companies, some of which are affiliated with the nation’s largest banks, are paid to manage pools of loans owned by investors. [read post]
13 Aug 2012, 10:37 am
But most payday loan consumers are instead using them as a way to pay for basic expenses - groceries, rent, mortgage, car payments, etc. [read post]
13 Jun 2011, 6:58 am by Kelly Phillips Erb
Student loan interest – just like credit card interest and home mortgage interest – remained deductible until 1986. [read post]
30 Mar 2015, 8:02 am by Allison Tussey
”The post Jury Convicts Bank Credit Officer of Falsifying Loan Losses appeared first on Mortgage Fraud Blog. [read post]
14 Mar 2012, 6:43 am
The whistleblower suit remains pending against Wells Fargo Bank, Bank of America, CitiMortgage, Suntrust Mortgage, Washington Mutual Bank, PNC Bank (which acquired National City Mortgage Co.), Countrywide Home Loans, Mortgage Investors Corp., and First Tennessee Bank (which acquired First Horizon Home Loan Corp.). [read post]
16 Jun 2011, 1:31 pm by gstasiewicz
For example, in a February 25, 2011, email to the Executive Committee of the National Association of Attorneys General (NAAG), Iowa Assistant Attorney General Patrick Madigan wrote: “Elizabeth Warren would like to present the CFPB’s view on loan modifications. [read post]
3 Apr 2017, 2:25 pm by Aaron Rubin
The Trusts’ respective MLPAs required GreenPoint to cure or repurchase the defective loans in the event that any of the mortgage loans breached these representations and warranties. [read post]