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15 Jun 2015, 9:29 am
The court held that New York’s six-year statute of limitations for breach-of-contract claims thus begins to run at that time—and not when the securitization sponsor refuses, possibly years or decades later, to comply with a securitization trustee’s demand for the contractual remedy of cure or repurchase of non-compliant loans. [read post]
11 Apr 2013, 9:48 am
” The trade groups emphasize the industry is working diligently toward meeting the expected compliance dates, but state that to avoid compliance risks, companies may choose to limit their mortgage lending activities, which “will be devastating to the industry and reduce mortgage loan options for consumers at a time when all agree there should be an increase in responsible mortgage lending. [read post]
11 Feb 2014, 5:43 pm
Hantz had attempted to invoke the FLSA’s extended, three-year statute of limitations for willful violations based on an argument that Prospect had not kept records of his working hours or individually examined the duties of each of its hundreds of mortgage loan officers to determine whether each one was exempt. [read post]
28 May 2012, 4:31 pm
The amount you may borrower usually depends on: • Age of the youngest borrower; • Current interest rate; • Lesser of appraised value or the mortgage limit; and • Initial Mortgage Insurance Premium. 7. [read post]
16 Aug 2016, 7:52 am
After assuming control of Wescorp, the NCUA determined that offering documents for RMBS issued by Wachovia Mortgage Loan Trust, LLC (Wachovia) and Nomura Home Equity Loan, Inc. [read post]
10 Aug 2018, 2:13 pm
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
10 Aug 2018, 2:13 pm
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
18 Oct 2018, 11:30 am
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
19 Sep 2018, 12:28 pm
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
18 Oct 2018, 11:30 am
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
19 Sep 2018, 12:28 pm
Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
7 Jul 2021, 12:57 pm
On June 28, 2021, the CFPB issued its Mortgage Servicing COVID-19 Final Rule (the “Final Rule”). [read post]
29 Sep 2010, 10:05 am
The statute allows a nonholder with certain specific characteristics to foreclose as well.In the present case MERS is identified in the mortgage as a corporation that 'is acting solely as a nominee for Lender,' and as 'the mortgagee under this Security Agreement.' The mortgage also contains the following provision:Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but if… [read post]
25 Feb 2012, 8:22 am
The settlement agreement does nothing to limit homeowners’ (or former homeowners’) rights to sue banks individually or as part of a class. [read post]
24 Feb 2010, 4:13 am
Moreover, a defendant may face additional felonies including, but not limited to, Falsifying Business Records, Forgery and Offering a False Instrument for Filing. [read post]
19 Jan 2013, 7:05 pm
-- the mortgage payments are still due... [read post]
15 Aug 2014, 10:33 am
The MAP Rule provides in part that "It is a violation of this part for any person to make any material misrepresentation, expressly or by implication, or any commercial communication, regarding any term of any mortgage credit product, including but not limited to misrepresentations about (a) The interest rate charged for the mortgage credit product.... [read post]
12 Nov 2014, 2:06 am
The Intermediaries, including but not limited to HOLLIS, MALDINI and then mortgage broker, JONES, assisted the straw buyers to complete a loan application with a lender. [read post]
30 May 2013, 7:00 am
While a Dallas bankruptcy may put a temporary damper on financial freedom in its immediate aftermath, it isn’t as limiting as people believe. [read post]
28 Mar 2014, 11:08 am
‘ The loans are secured by California real estate and funded through mortgage pools. [read post]
