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1 Mar 2013, 11:56 am
Morgan Securities LLC, EMC Mortgage, LLC, Bear Stearns Asset Backed Securities I, LLC, Structured Asset Mortgage Investments II, Inc., SACO I, Inc., and J.P. [read post]
13 Feb 2013, 5:27 am
• Bank Records: Permanently if related to taxes, home improvements & mortgage payments; otherwise, your bank keeps copies of your statements. [read post]
12 Feb 2013, 1:21 pm
Then, in April 2012 (as previously reported in the Reed Smith Real Estate Legal Update), the Bankruptcy Court for the Central District of Illinois, in In re Crane, held that an Illinois mortgage must comply strictly with the form of mortgage as set out in the Illinois Conveyances Act, and that a mortgage that fails to include the maturity date and the interest rate of the underlying debt can be avoided in bankruptcy because it does not provide constructive notice… [read post]
7 Feb 2013, 10:11 am
Any partnership lawyer will also recognize the centrality of the language omitted by the court, especially the portion in bold italics. [read post]
6 Feb 2013, 5:00 am
There is an unforgiving conflict in the way mortgage bonds were rated. [read post]
6 Feb 2013, 5:00 am
There is an unforgiving conflict in the way mortgage bonds were rated. [read post]
5 Feb 2013, 9:20 pm
A copy of the DoJ’s complaint, filed on February 4, 2013 in the Central District of California, can be found here. [read post]
4 Feb 2013, 11:34 pm
On February 5, the Department of Justice announced the filing of a civil complaint in the Central District of California against the Standard & Poor’s rating agency, in connection with its ratings of ill-fated mortgage-backed securities. [read post]
4 Feb 2013, 7:29 am
Pfaelzer of the Federal District Court for the Central District of California approved the settlement, which requires Impac to pay Citigroup $3.1 million in cash or securities of Impac Mortgage Holdings. [read post]
22 Jan 2013, 9:06 pm
(These figures, both overall and for 2012, include the lawsuit filed just before the holidays in the Central District of California in connection with the failed Alliance Bank of Culver City, California. [read post]
22 Jan 2013, 7:06 am
Pfaelzer of the United States District Court for the Central District of California dismissed a $193 million suit brought by mutual fund Asset Management Fund against several Bank of America and several related entities, including Merrill Lynch and Countrywide Financial. [read post]
14 Jan 2013, 6:06 pm
The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. [read post]
14 Jan 2013, 8:18 am
(FDIC) concerning $108.4 million in residential mortgage-backed securities. [read post]
14 Jan 2013, 7:06 am
Plavetic stopped making mortgage payments. [read post]
3 Jan 2013, 12:28 am
On December 7, 2012, in connection with the first D&O suit the agency filed as part of the current bank failure wave and in what may prove to be one of the most dramatic resolutions of any failed bank suit, a jury in the Central District of California entered a $168.8 million verdict in the FDIC’s lawsuit against three former officers of the failed IndyMac bank. [read post]
2 Jan 2013, 10:34 am
In addition to paying legal fees, McClurg, a single mother of three, had to keep up on mortgage payments, utility bills, and taxes for the bar, her sole source of income. [read post]
24 Dec 2012, 9:45 pm
EMC Mortgage Corp. v. [read post]
20 Dec 2012, 4:39 am
While about half did so, without the Central District of California and some similar places, the implications seem unreliable to me. [read post]
29 Nov 2012, 3:38 pm
(Critics of the new formula, from both the left and the right, argue that it offers almost no benefit to low income earners, while being very generous to graduates who earn $50,000 or more.)It bears pointing out that Schrag's positive take on the situation downplays the fact that the balance forgiven at the end of twenty years is treated as taxable income (a nasty tax bill awaits them), and he is less troubled than I am by the fact that our graduates will not be free of their law school debt… [read post]
22 Nov 2012, 9:30 pm
The Department of Health and Human Services (HHS) issued three proposed rules central to the Affordable Care Act’s insurance market reforms.The Department of Justice (DOJ) filed a civil antitrust suit against EBay, Inc., over an agreement not to recruit or hire certain employees.The Department of Housing & Urban Development (HUD) announced that the country’s largest mortgage servicers provided monetary relief to almost 310,000 homeowners as a result of the… [read post]
