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7 Apr 2020, 9:40 am by Finch McCranie, LLP
Among other things, the Act allocates roughly $600 billion to individuals and families; $377 billion to small businesses; $340 billion to state and local governments; $180 billion to public services; and a staggering $500 billion to large businesses. [read post]
23 Dec 2008, 5:02 pm
 Consumer advocates argue that servicers are not creating long-term, affordable loan modifications.Whose side does the data support? [read post]
22 May 2024, 4:03 am by Andrew Lavoott Bluestone
Cooper, began servicing the Wright Loan and Mortgage (id., ¶ 102). [read post]
6 Jan 2010, 8:40 am by Scott Sagaria
But off to bankruptcy court they went after missing payroll for 50 contracted employees among other oversights including a $4 million unsecured loan with Legacy Bank of Florida. [read post]
25 Aug 2010, 4:57 am by Mandelman
  He pulled out key paragraphs from HAMP guidelines such as this popular stanza that I’ve seen quoted on dozens of occasions over this past year: Servicer shall perform the Services for all mortgage loans it services, whether it services such mortgage loans for its own account or for the account of another party, including any holders of mortgage-backed securities (each such other party, an “Investor”). [read post]
3 Jun 2020, 10:41 am by Jodi Rich
There is no federal program aimed to help shopping center landlords pay their mortgages. [read post]
17 Jul 2017, 11:33 pm by WOLFGANG DEMINO
 ("TDC[P]A's general definition of `debt collector' is more expansive . . . and may include mortgage holders and servicers. [read post]
28 Mar 2019, 6:19 am by Peter S. Lubin and Patrick Austermuehle
Five years later, in 2011, the bank sold both the mortgage and the note to ColFin Midwest Funding, who relied on Midland Loan Services to collect the payments due. [read post]
5 Dec 2011, 6:04 am by Christopher Markus
A court will consider the following to determine reasonability: The time the attorney spent on the matter, the complexity of the matter, the fees customarily charged in the locality for the same or similar legal services, the result obtained and the experience, reputation and ability of the attorney performing the legal services. [read post]
29 Sep 2008, 6:06 pm
It may also become quickly apparent that Congress needs to tinker with some tax law provisions that drive the limitations in pooling and servicing contracts that in turn govern securitized mortgages. [read post]
14 Jul 2010, 7:45 pm by David Jacobson
Its duties involve monitoring how financial service providers market and disclose their product terms as well as ensuring that fees are calculated in accordance with contracts and are not unfair. [read post]
1 Oct 2015, 5:56 am by Mary Jane Wilmoth
  WIMC, through subsidiaries such as RMS and Green Tree Servicing LLC, provides business support to the residential mortgage industry, including servicing of reverse or forward mortgages on behalf of major financial institutions. [read post]
29 Sep 2010, 5:05 pm
The above are all reasons that you might have heard about banks not being able to turn up 'signed contracts' or produce other original documents. [read post]
30 Sep 2018, 8:48 pm
  Examining the bill request, the court found a narrowly tailored request to regulate actors in the collection industry employing a loophole to evade the licensing requirement by purchasing consumer debt in a goods & services contract. [read post]
17 Jan 2012, 12:48 pm by McNabb Associates, P.C.
According to court documents, Ocwen managed foreclosed properties under contract with the VA, which guaranteed qualifying residential mortgages for veterans. [read post]
6 Feb 2011, 11:33 am by David Jacobson
Once the clean-up has occurred and operations have been restored then the legal issues need to be addressed : insurance claims for damage and business disruption, claims by you against others for their inability to perform contracts and claims against you for your inability to perform contracts , are your key service contracts still in force, do securities need to be revalued? [read post]