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19 Dec 2011, 8:31 am
This is a step in the right direction for all homeowners in this tough economy. [read post]
27 Aug 2020, 1:44 pm
The move was shortly followed by a similar directive from the Federal Housing Financial Agency (FHFA), which ordered the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Company (Freddie Mac) to suspend foreclosures for at least 60 days. [read post]
16 Aug 2018, 6:00 am by Ben Vernia
For example, when RBS’s due diligence vendors graded loans materially defective, RBS frequently directed the vendors to “waive” the defects without justification. [read post]
17 Apr 2013, 6:04 am by Rebecca Tushnet
  Gabali began to experience financial difficulties in 2009, due to a reduction in salary and an increase in her mortgage payments from $3,845.68 to $6,900.00 per month. [read post]
24 Jul 2008, 4:22 pm
Grand jury subpoenas have been issued in recent weeks and months to Countrywide Financial Corp., New Century Financial Corp. and IndyMac Federal Bank seeking a wide range of information, according to sources with direct knowledge of the subpoenas. [read post]
1 Feb 2012, 10:05 am by Chad Bray
“I knew what I was directed to do and did was wrong. [read post]
30 May 2011, 9:09 pm
In fact, as more and more stories emerge about the unscrupulous behavior the mortgage industry engaged in during the housing market boom, consumers are seeing the balance of power swing in their direction. [read post]
25 Jul 2014, 12:38 pm
The email that was directed to Kevin Gasvoda, the head of Goldman’s whole loan trading desk, stated, “Credit quality has risen to become the major crisis in the non-prime industry. [read post]
2 Sep 2009, 7:16 pm by R. Jason Griffin
Do not expect all title agencies or direct operation title insurance companies to immediately begin to use this new tool. [read post]
14 Aug 2009, 10:59 am
In a true securitization, you would never have any direct transfers (A to D) from the originator to the trust. [read post]
8 Feb 2013, 6:06 pm by James Hamilton
She noted that most of the regulations required by the Dodd-Frank Act are primarily directed at large systemically important banks. [read post]
9 Mar 2016, 3:50 pm by Shahram Miri
Did the Defendant subsequently obtain a reverse mortgage? [read post]
23 Nov 2013, 8:05 am
Because the value of their residence was less than the first mortgage, they filed a motion to value the second mortgage at $0. [read post]
1 Aug 2016, 7:50 am by Mark K. Payne
Under Fannie Mae and Freddie Mac, transfer fees may be imposed by a community association exclusively for purposes which provide a direct benefit to the property encumbered. [read post]
10 Jun 2009, 10:44 am
  Firms involved in these scams use on-line ads, spam, and direct mail targeted to homeowners in financial distress, promising high success rates at modifying their mortgages and saving their homes. [read post]
5 Jan 2016, 8:31 am by Kenneth Vercammen Esq. Edison
As provided in this section, the court may direct sale as in partition of real estate where dower or curtesy cannot be assigned without prejudice to the owners; direct assignment of dower or curtesy from rents and profits, or order the real estate sold free from dower or curtesy, making compensation for the value thereof.L.1981, c. 405, s. 3B:28-11, eff. [read post]