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We here at the ACLU are litigating Adkins v .Morgan Stanley, a case that seeks to remedy damages inflicted on African-American homeowners in the Detroit area who were harmed by a predatory and discriminatory mortgage securitization machine that left them with extremely risky, foreclosure-prone loans. [read post]
7 Feb 2014, 9:29 am by Allison Tussey
The co-conspirators recruited individuals to purchase the properties, acted as the buyers’ real estate agent, and assisted the buyers in applying for residential mortgage loans to purchase the homes. [read post]
3 Feb 2014, 12:07 pm
In 1934, the Court gave the Clause a “near-fatal punch” when it upheld a state’s two-year mortgage foreclosure moratorium in Home Building & Loan Ass’n v. [read post]
2 Feb 2014, 10:06 pm by Barry Barnett
It added £465 million to its funds to repay customers who bought payment protection insurance on credit cards and loans, bringing its total PPI provisions to £3.1 billion, and said it would take a further £500 million in provisions to make payments to small businesses that bought interest-rate hedging products on loans. [read post]
29 Jan 2014, 8:40 am by Allison Tussey
The co-conspirators recruited individuals to purchase the properties, acted as the buyers’ real estate agent and assisted the buyers in applying for residential mortgage loans to purchase the houses. [read post]
28 Jan 2014, 6:40 am by Lorelei A. Schumacher
Lending Concentrated in Gateway Cities The majority of lending is still concentrated in gateway cities on low leveraged assets. [read post]
24 Jan 2014, 9:09 pm by Adam Levitin
There are no personal debts scheduled--no credit card debt, no back rent, no mortgage, no car payments, no student loans, no medical debt. [read post]
23 Jan 2014, 11:45 pm
All the paperwork was handled correctly and passed through every check, including those at the bank's loan department and the deeds office,' she said.An investigation conducted by Chenery revealed a covering mortgage bond was registered simultaneously with the registration of the property to Pretorius for R11.8m and an additional amount of R2.95m.Both the owner and supposed new purchaser of the property were the victims of identify fraud, with their signatures being forged on all… [read post]
23 Jan 2014, 9:01 am by Allison Tussey
According to the indictment, between August 2007 and May 2009, Ulz caused buyers to fraudulently obtain 13 mortgage loans from various lenders for properties on South Sangamon, South Carpenter, South Morgan, South May, and South Ada streets, Englewood, Illinois, on the city’s south side. [read post]
21 Jan 2014, 5:00 am
Long will moderate a special session on title insurance as part of the January 30-31 educational program presented by the California Mortgage Association in Universal City, CA. [read post]
20 Jan 2014, 8:27 am by Ben Schott
Florida cities, in fact, represent 85 out of the top 100 cities based on total number of owner-vacated foreclosures. [read post]
17 Jan 2014, 8:11 am by Allison Tussey
Webb further promised to maintain the properties for investors and collect rent for them that would be used to fund mortgage payments. [read post]
16 Jan 2014, 1:20 pm
Long will moderate a special session on title insurance as part of the January 30-31 educational program presented by the California Mortgage Association in Universal City, CA. [read post]
13 Jan 2014, 2:50 pm by Cathy Holmes
Even for developers with access to construction loans, loan to cost ratios are hovering at 50%, and equity providers expect returns in the mid-teens to the mid-twenties. [read post]
13 Jan 2014, 2:50 pm by Cathy Holmes
Even for developers with access to construction loans, loan to cost ratios are hovering at 50%, and equity providers expect returns in the mid-teens to the mid-twenties. [read post]
26 Dec 2013, 10:10 am
Long will moderate a special session on title insurance as part of the January 30-31 educational program presented by the California Mortgage Association in Universal City, CA. [read post]
24 Dec 2013, 12:47 pm by Larry Tolchinsky
The highest foreclosure rates in the country’s biggest metro areas had Florida cities in the top two spots with Miami and Tampa (beating out Chicago, Baltimore and Riverside-San Bernardino on the list). [read post]
23 Dec 2013, 12:41 am
Since 2002, there are estimated to have been 1.28 million interest-only loans granted for house purchase loans which have no repayment plan. [read post]
20 Dec 2013, 10:11 am by Dusty Elias Kirk
Land banks are funded by grants and loans from the federal government, the commonwealth, municipalities and private sources. [read post]
20 Dec 2013, 10:11 am by Dusty Elias Kirk
Land banks are funded by grants and loans from the federal government, the commonwealth, municipalities and private sources. [read post]