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30 Nov 2016, 11:16 am
Scotiabank took the view, following Citi Cards Canada Inc. v. [read post]
21 Jul 2012, 8:08 am
If you know anything about the Savings & Loan crisis, then you know William K. [read post]
25 Jul 2016, 7:43 am
In contrast, Hudson City agreed to pay a $5.5 million penalty and invest $25 million in a loan subsidy program. [read post]
25 Mar 2010, 4:17 am
According to Citi’s regulatory filings, about 42 percent of the bank’s second mortgages are now worth more than the underlying assets. [read post]
8 Aug 2008, 5:10 pm
Call it a sale-leaseback of the meters, but depending on its terms, it's likely going to wind up just another equity loan against city infrastructure -- of which there have been far too many. [read post]
6 May 2013, 2:19 pm
To begin with, there are three main types of debts: 1) secured debts (such as a mortgage or car loan); 2) priority debts (such as taxes and child support arrearage); and 3) unsecured debts (such as credit cards, payday loans, and medical bills). [read post]
4 May 2010, 6:27 pm
In January of this year, 1.1 million mortgages were at least 30 days delinquent. [read post]
8 May 2012, 4:00 am
See, e.g., Foreclosure, Subprime Mortgage Lending and the Mortgage Electronic Registration System, 78 U.Cin.L.Rev. 1359 (2010). [read post]
11 Nov 2009, 7:14 am
House theft, also known as title theft, most frequently occurs in larger urban areas particularly in cities with many vacant properties such as Detroit and Miami. [read post]
9 Nov 2011, 2:37 pm
Even though Citigroup didn’t jump into subprime mortgage loan packaging, it got involved in the housing boom just as that was reaching its heights As the market collapsed, Citigroup sustained over $30 billion in losses, and the government had to bail the bank out twice. [read post]
9 Oct 2022, 9:30 pm
Following years of cuts in welfare assistance to poor families and a devastating subprime mortgage meltdown, the state of Michigan used municipal debt to justify suspending democracy in majority-Black cities. [read post]
27 Dec 2011, 12:35 pm
Bankers have been accused of selling mortgage loans to investors they knew to be bad. [read post]
4 Sep 2010, 9:23 pm
The case alleges that Scott masterminded and led a long-running mortgage fraud scheme to convert at least 50 buildings (usually three-deckers) into about 170 condos in some of the city’s poorest neighborhoods. [read post]
6 Apr 2021, 10:00 am
Neighborhoods receiving the highest grade of “A”–colored green on the maps–were deemed minimal risks for banks and other mortgage lenders when they were determining who should received loans and which areas in the city were safe investments. [read post]
10 Jul 2008, 9:37 am
In his plea, Cole admitted he conspired with Wildor Washington, Jr., and others to fraudulently obtain mortgage loans by submitting inflated property appraisals and other false information to lenders. [read post]
27 Feb 2015, 6:41 am
In addition, FINRA alleged that McCourt provided false information and falsified documents to a mortgage company for a client to help the client qualify for a home loan. [read post]
21 May 2020, 6:40 am
HPD held a first mortgage on the property securing a fifteen year loan in the sum of $56,250. [read post]
9 Jan 2008, 2:43 pm
" I believe this is the first lawsuit filed by a city as plaintiff to grow out of the current subprime loan crisis, and it seems sure to be controversial. [read post]
2 May 2007, 9:20 am
Eliminating the charge would presumably result in additional charges buried in loan fees not tied to the completion of loan documents. [read post]
20 Feb 2012, 10:26 am
It is called the Home Mortgage Bridge Loan Assistance Act of 2012 (HMBLAA), and has already received the endorsement of the New York City Bar Association, to whose Committee on Banking Law we both belong (Michael is the Chair), the New York State Bar Association, and now the New York Bankers Association. [read post]
