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9 Dec 2011, 7:06 am by John Palley
If you want to discuss short sales, upside down houses, forced mortgage reductions, dealing with reverse mortgages after death or just dealing with estates that have a lot of creditors contact me! [read post]
21 Oct 2011, 7:09 am
Bank filed an unverified complaint seeking to reestablish a lost promissory note and to foreclose the mortgage on Feltus's home. [read post]
12 Jun 2009, 6:17 am
This practice, known as "reverse redlining," is a problem for customers because subprime loans have a higher interest rate than traditional mortgage loans. [read post]
23 Aug 2010, 7:22 am
This was true across all sizes of mortgage, it said, suggesting that income and size of home were not factors. [read post]
1 Oct 2014, 12:20 pm by Pierre Bergeron
Lerner, Sampson, & Rothfuss, the Sixth Circuit affirmed a judgment dismissing claims arising out of a mortgage foreclosure case, but reversed the district court’s denial of leave to amend to add RICO claims and sent the case back for further proceedings. [read post]
30 Jan 2013, 10:00 am by Richard Kummer
”For more information, visit SEC Charges Former Jefferies Executive with Defrauding Investors in Mortgage-Backed Securities.Related articlesSEC Charges Connecticut-Based Adviser for "Skin in the Game" Misstatements About CDOs SEC Charges New Jersey-Based Consultant to Chinese Reverse Merger Companies with Violating Securities Laws Mary Jo White and the SEC: The right woman at the wrong time SEC Charges Prominent Entrepreneur in Miami-Based Scheme [read post]
22 Apr 2020, 8:52 am by Colleen McDonald
The FHFA announcement also reverses April 10, 2020 servicer guidance and specifies that mortgage loans with COVID-19 payment forbearance shall be treated like a natural disaster event and will remain in the MBS pool for at least the duration of the forbearance plan. [read post]
7 Feb 2010, 7:35 am by Meaghan Olson
Mortgage Lender Required to Hire Consultant According to a news release, the FTC has modified a settlement with Gateway Funding Diversified Mortgage Services, L.P., a mortgage lending company earlier cited for improper and discriminatory lending. [read post]
”  Unlike its peers in last week’s announcement, however, All Financial also allegedly misrepresented the terms of its reverse mortgage product by saying that no monthly payments “whatsoever” would be due “as long as you and your spouse live in the home. [read post]
16 Jun 2011, 7:07 am by zshapiro
ARS were high grade securities backed by debt obligations, such as student loans, mortgages, municipal bonds, corporate debt and preferred stock issued by closed-end mutual funds. [read post]
10 Dec 2013, 9:26 am
The second action involves lender placed hazard insurance which has been charged to homeowners with reverse mortgages by OneWest and Financial Freedom Senior Funding through the insurance company Balboa Insurance and also includes claims for violation of the California Financial Elder Abuse statute. [read post]
6 Feb 2015, 7:11 am
The Appellate Court held that the trial court lacked clear, substantial and convincing evidence to support the trial court's reformation of the mortgage by adding another party to the mortgage. [read post]
27 Jul 2012, 9:39 am by Rick E. Rayl
Today I want to focus on whether the plan to seize underwater mortgages through eminent domain is legal. [read post]
11 Aug 2010, 12:50 pm
American Home Mortgage Servicing, Inc. (1D09-2803), the First District reversed a summary judgment in a foreclosure proceeding. [read post]
12 Aug 2008, 3:47 pm
If the lender is unwilling to negotiate with the homeowner or their representative then there are options of filing a Chapter 13 bankruptcy or a reverse mortgage if the property in jeopardy is an investment property. [read post]
18 Oct 2010, 9:34 am by Jonathan Alper
The conversion of money into a homestead is reversible only if the debtor had actual intent to defraud creditors. [read post]
30 Apr 2021, 7:59 am by Parks & Jones
Typically used in transactions like reverse mortgages, the beneficiary deed grants an interest in real property to a beneficiary at the time of the grantor’s death. [read post]
7 Sep 2012, 6:31 pm by BuckleySandler
” The court reversed in favor of the plaintiff and remanded the case for further proceedings. [read post]