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14 Oct 2010, 11:42 am by The LBN Team
The securitization of home loans meant many have been sold off to other investors. [read post]
10 Oct 2010, 8:11 am by Mandelman
  He included a man who was foreclosed on even though he didn’t have a mortgage and had paid cash for his home; a home that had two foreclosure suits against it because two servicers claimed to have ownership of the title; and a couple foreclosed on over a $75 late fee that they were in the process of contesting. [read post]
7 Oct 2010, 10:44 am
Ohio’s Attorney General has sued GMAC Mortgage and its parent Ally Financial Inc. alleging that GMAC, acting as a mortgage servicer, filed fraudulent documents during court proceedings in which GMAC was foreclosing on homes in Ohio. [read post]
4 Oct 2010, 11:14 am by Gritsforbreakfast
David Crowder at El Paso Inc. has published an extensive interview with El Paso County Sheriff Richard Wiles covering several subjects that may interest Grits readers. [read post]
4 Oct 2010, 8:16 am by Rich Vetstein
The Ibanez Fact Pattern: Mortgage Assignments In Blank, A Common Practice On December 1, 2005, Antonio Ibanez took out a $103,500 loan for the purchase of property at 20 Crosby Street in Springfield, MA secured by a mortgage to the lender, Rose Mortgage, Inc. [read post]
3 Oct 2010, 2:35 pm by Law Lady
Under Florida law, the plain language of a residential mortgage note, which repeatedly and unmistakably indicated that a mortgagor's monthly payments might not be sufficient to cover the interest, and that any deficiency would be added to the note's principal, did not require a mortgagee or a loan servicer to apply at least a portion of each monthly mortgage payment to the principal. [read post]
26 Sep 2010, 7:36 pm by Kevin Funnell
Let's put aside the fact that defense attorneys claim that B of A and other servicers screw up in the same or other ways as often as Mahmoud Ahmadinejad tells a lie. [read post]
24 Sep 2010, 7:00 am by Kara OBrien
  The complaint alleges that former chairman and CEO Michael Strauss and former CFO Stephen Hozie fraudulently understated American Home Mortgage’s first quarter 2007 loan loss reserves by tens of millions of dollars, converting the company’s loss into a fictional profit. [read post]
22 Sep 2010, 5:38 am by Yolanda Young
Among us: an Oprah Show producer, two doctors, a middle school principal and a stay-at-home dad. [read post]
16 Sep 2010, 7:06 pm by Dorothy
STANDARD CHARTERED BANK INTERNATIONAL (AMERICAS) LIMITED and STANCHART SECURITIES INTERNATIONAL, INC., Defendants. [read post]
15 Sep 2010, 7:57 am
The Texas Attorney General's office has charged national mortgage servicer, American Home Mortgage Servicing Inc. [read post]
10 Sep 2010, 4:32 pm by Keith L. Miller
September 10, 2009 - Sandra Venetis was allegedly operating her three entities, Systematic Financial Services, Inc., Systematic Financial Associates Inc., and Systematic Financial Services LLC, as a Ponzi scheme. [read post]
12 Aug 2010, 8:46 am by admin
  I fear these bullet loans will shorten my maturity   Lending has slowed considerably in Orlando, according to figures from Equifax Inc. [read post]