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16 Jan 2023, 9:17 am by Chip Merlin
The implementation of this federal policy accelerated the decay and isolation of minority inner-city neighborhoods through withholding of mortgage capital, making it even more difficult for neighborhoods to attract and retain families able to purchase homes. [read post]
The DOJ alleges that between 2017 and 2020, the bank refrained from “providing mortgage lending services to majority-Black and Hispanic neighborhoods in Los Angeles County and discouraged residents in these neighborhoods from obtaining mortgage loans. [read post]
11 Nov 2022, 7:39 am
Here are two ways to prevent foreclosure: Loan modification could allow you to remain in your home and prevent foreclosure by adjusting the terms of your mortgage agreement. [read post]
11 Nov 2022, 7:39 am
Here are three ways to prevent foreclosure: Loan modification could allow you to remain in your home and prevent foreclosure by adjusting the terms of your mortgage agreement. [read post]
9 Oct 2022, 9:30 pm by Karen Tani
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]
 During the relevant time period, Lakeland significantly underperformed its peer lenders in generating home loan applications from majority-Black and Hispanic neighborhoods in the Newark Lending Area and in making HMDA-reportable residential mortgage loans in those neighborhoods. [read post]
3 Oct 2022, 7:20 am by Richard J. Andreano, Jr.
In April 2020, the CFPB issued a final HMDA rule increasing the Home Mortgage Disclosure Act (HMDA) reporting threshold for closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years. [read post]
6 Sep 2022, 4:15 am by SHG
Debt is wrapped around every necessity of life: We use credit to make daily purchases and pay for medical care, take out mortgages, finance our cars, and borrow for college; cities and states issue debt to pay for roads and schools. [read post]
30 Aug 2022, 11:08 am by Stephanie Abbott
Bohm, 44, Smithtown, New York, formerly the President of Sales and part-owner of mortgage lender Vanguard Funding, LLC (Vanguard), based in Garden City, New York was sentenced today to 24 months’ imprisonment in connection with the diversion of more than $8.9 million of warehouse loans that Vanguard had fraudulently obtained purportedly to fund […] [read post]
9 Aug 2022, 11:42 am by Tolero Admin
This transfer does not trigger the due-on-sale clause of the mortgage. [read post]
24 Jun 2022, 9:58 am by Zak Gowen
U.S. purchase volume on BNPL platforms will reach $75.6 billion this year, up 77% from 2021, according to the report from New York City-based Insider Intelligence. [read post]
24 Jun 2022, 7:23 am by Anna Armstrong
U.S. purchase volume on BNPL platforms will reach $75.6 billion this year, up 77% from 2021, according to the report from New York City-based Insider Intelligence. [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
  In this supplemental publication, the SEC added additional examples of Covid-related risks, including (1) material changes to liquidity; (2) material operational challenges identified by management and the Board of Directors; (3) impacts on existing lines of credit and corporate debt; (4) reductions in capital expenditures; and (5) the use of funding instruments to ensure ongoing access to critical supplies, including loans to vendors and the use of factoring. [read post]
16 May 2022, 9:00 am by Law Offices of Salar Atrizadeh
Also, information can be obtained when a consumer applies for a loan through a mortgage lender or financial institution. [read post]
29 Apr 2022, 4:00 am by Jim Sedor
Cities have banned the sale of menthol-flavored cigarettes. [read post]
24 Apr 2022, 9:51 am by Chris Castle
Increasing the money supply before quantitative easing typically lowered interest rates, put more money in the hands of the consumer and stimulated business activity—including loaning money to other retail banks–through an increase in aggregate demand. [read post]
13 Apr 2022, 9:10 pm by Andrew Kliewer
Although the area has roughly equal white and Black populations, lenders make 10 times as many mortgage loans to white borrowers. [read post]