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11 Dec 2009, 11:38 am by James Hamilton
The legislation would require companies that sell products like mortgage-backed securities to keep some "skin in the game" by retaining at least five percent of the credit risk so that, if the investment doesn't pan out, the company that made, packaged and sold the investment would lose out right along with the people they sold it to. [read post]
7 Dec 2009, 5:42 pm
"New Century shareholders took a double-hit: the company's mortgage assets and business performance became increasingly impaired, and management manipulated its numbers and concealed its deteriorating performance," Robert Khuzami, the SEC's Director of Enforcement, said in a press release. [read post]
7 Dec 2009, 5:27 am by Ray Mullman
Also, they went through a period when they bought provider companies at crazy prices, with huge mortgages that operations could never support. [read post]
6 Dec 2009, 6:48 pm
Futures are pointing to further declines in the US and UK residential mortgages of both prime and sub-prime loans. [read post]
1 Dec 2009, 1:39 am by Kevin LaCroix
The company ceased operations in June 2007 and is now insolvent. [read post]
28 Nov 2009, 2:52 pm
The company, which also does business as Fair Finance, stopped making vehicle loans in 1959 and began providing second mortgages, small consumer loans, and financial investments. [read post]
21 Nov 2009, 7:47 pm
 And for homes with a second mortgage (using the previous scenario), the second mortgage company would not receive anything. [read post]
11 Nov 2009, 10:07 am by James Hamilton
The Senate legislation would require companies that sell products like mortgage-backed securities to keep some ``skin in the game'' by retaining at least 10 percent of the credit risk so that, if the investment doesn't pan out, the company that made, packaged and sold the investment would lose out right along with the people they sold it to. [read post]
6 Nov 2009, 4:49 am by admin
Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the SAFE Act) requires mortgage loan originators — including loan officers at financial institutions and independent mortgage brokers — to register with the government and enter information about their background and disciplinary history into a central database that consumers can access. [read post]
6 Nov 2009, 1:52 am
Vencap Ltd., the Court sought to identify which actions constituted the fraud and directly caused harm, or as the Court stated elsewhere in the opinion "what is central or at the heart of a fraudulent scheme. [read post]
4 Nov 2009, 7:20 am by Sarah Zanoff
One such market might have been central Florida, where Ocala National Bank failed early this year. [read post]
23 Oct 2009, 9:53 am
Central write down its mortgage-backed securities by $1.2 billion and injected $1 billion into the ailing institution. [read post]
22 Oct 2009, 2:31 am
Ideal Mortgage Bankers, Ltd. d/b/a/ Lend America, a mortgage lender located in Melville, Long Island, is the subject of a civil complaint seeking a court-ordered injunction to prevent the company from making loans insured by the Federal Housing Administration ("FHA"). [read post]
11 Oct 2009, 10:53 am
Central Region Czar: Dennis Ross- Believes US policy has caused Mid East wars. [read post]
7 Oct 2009, 10:43 pm by John Corcoran
Negotiate with your Credit Card companies. [read post]
7 Oct 2009, 10:43 pm by John Corcoran
Negotiate with your Credit Card companies. [read post]
4 Oct 2009, 7:25 am
Consumer protection was simply not their central mission; safety and soundness was. [read post]
22 Sep 2009, 6:23 am
  In this vein, Hennessey cited the role of the bipartisan push to increase homeownership as a central factor. [read post]
9 Sep 2009, 1:01 pm
But there won't be any mention of banks, Wall Street groups, and insurance companies whose interests the Chamber is seeking to protect. [read post]