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15 Feb 2012, 2:40 pm by admin
To assess the effects of the alleged practises on Swiss clients and companies is one of the aims of the investigation. [read post]
26 Dec 2011, 3:48 pm by Mandelman
  Freddie Mac (FMCC) and Fannie Mae (FNMA), the two government-controlled mortgage giants, are freezing all foreclosure evictions on mortgage loans they own or back from Dec. 20th through Jan.3rd. [read post]
30 Oct 2010, 6:37 pm by Mandelman
  Banks forging documents and robo-signing affidavits to be presented to the court in order to seize someone’s property… banks doing this… not used car dealers… not sales-crazed mortgage companies… banks… large, to-big-to-fail-type banks. [read post]
26 Mar 2010, 4:28 pm by Lyle Denniston
Morgan Chase & Co., and bankruptcy.) [read post]
3 May 2010, 11:50 pm by Mandelman
Anyway, luckily they found a company that helped them get their loan modified, advance fee and all, and everything eventually worked out fine, so I asked for the company’s number so I could call and interview someone there. [read post]
13 Dec 2011, 11:02 pm by Mandelman
The Community Reinvestment Act only applies to federally chartered banks… NOT mortgage companies and Wall Street investment banks like New Century, Option One, Ameriquest, First Alliance, Lehman Bros., Bear Stearns, Washington Mutual, World Savings, Downey Savings, and the rest of the sub-prime shitheads that made all of the loans he’s talking about. [read post]
9 Nov 2011, 7:47 am by admin
Fannie Mae, the massive mortgage finance company seized by the federal government three years ago, began donating properties early on and now hands over about 30 properties a month, Frangos said. [read post]
30 Oct 2011, 6:25 am by Mandelman
  (a) Notwithstanding any other provision of law, it shall be unlawful for any person who negotiates, attempts to negotiate, arranges, attempts to arrange, or otherwise offers to perform a mortgage loan modification or other form of mortgage loan forbearance for a fee or other compensation paid by the borrower, to do any of the following: (1) Claim, demand, charge, collect, or receive any compensation until after the person has fully performed each and every service the… [read post]
15 Mar 2012, 8:20 am by Lovechilde
But almost none of this money has come out of the pockets of CEOs or other company officials; it has come out of the companies — or, more accurately, their shareholders. [read post]
11 Oct 2010, 5:50 am
  I’m all for capitalism; I rather like it, but what I don’t like is the i-business model that has turned us into a generation chasing after fool’s gold while standing in the unemployment line listening to our iPods. [read post]
21 Jul 2008, 2:41 pm
The firm, which had traded at $170 per share a year earlier, initially agreed to be sold for $2 a share to JPMorgan Chase in a government-supported bailout (JPMorgan ultimately agreed to pay $10 per share). [read post]
23 Sep 2011, 6:21 pm by Mandelman
And didn’t the Federal Reserve start accepting assets, almost on par with baseball card collections, as collateral for the trillions of dollars in low to no interest loans given to bank holding companies? [read post]
25 Aug 2008, 3:23 am
"The notion that a mortgage company has an obligation to make repairs on a property that it doesn't even own is very hard to comprehend," says Marco Cercone, a Buffalo attorney who represents a range of lenders before Nowak in the courtroom. [read post]
10 Jul 2012, 7:48 am by admin
Banks began to suffer losses on their holdings of toxic securities relating to American subprime mortgages. [read post]
9 Jun 2010, 12:50 pm by Mandelman
  You know, so that maybe… just maybe… the day will come when someone other than the federal government will want to invest in a mortgage backed security of one kind or another. [read post]
29 Jan 2009, 2:44 pm
        The current value of the assets of the company and the assets under management by the company. [read post]
22 Oct 2006, 9:10 pm
The Securities and Exchange Commission is now examining whether directors who sit on more than one company board may have spread the practice of backdating stock-option grants with research showing that 40 per cent of the companies under scrutiny have common directors. [read post]
10 May 2010, 11:30 pm by Martin George
And not liquidators, whose task is to maximize a company’s assets by recovering its losses, or pursuing its debtors, or disputing disposals of its property. [read post]