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3 May 2011, 10:29 am
Securitization dates back to the 1970s, when mortgage-backed securities were issued for the government and government-sponsored entities such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), and the Federal National Mortgage Association (FNMA or Fannie Mae), says Adam Meyer, CSAs CEO. [read post]
22 Oct 2007, 6:20 am
In its opening brief on appeal, Ameriquest described how most national mortgage servicers use a loan servicing program called Mortgage Servicing Platform (MSP), also known as Fidelity National Information System. [read post]
3 Mar 2015, 4:12 pm
Using a unique dataset on subprime loans that were at least 60 days delinquent, we examined the modification practices of 20 large, national servicing institutions. [read post]
8 Jan 2010, 7:00 am
The article consults industry experts including economists and a professor for the Mortgage Bankers Association for predictions on foreclosures, recovery signs, federal action and more. [read post]
13 Jan 2015, 7:09 pm
Lastly, it's worth comparing the NYDFS remedy with the National Mortgage Settlement. [read post]
9 Jul 2012, 11:32 am
About the Mortgage Monitor LPS manages the nation's leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. [read post]
27 Mar 2007, 8:06 am
Another large lender, the Fremont General Corporation, said yesterday that it planned to sell its subprime mortgage business after reaching an agreement with the Federal Deposit Insurance Corporation to restrict its activities in that area. [read post]
11 Sep 2013, 3:00 pm
Already, a lawsuit has been filed in the Northern District of California by trustees of mortgage bonds (Wells Fargo Bank, National Association, et. al v. [read post]
27 Mar 2012, 8:12 am
Each loan principal is right around $100,000… and at 5%… we’ll receive $93,256 in interest payments, according to my mortgage calculator. [read post]
31 Dec 2020, 11:43 am
Expansion and Modification of Authorized Uses of PPP Loan Proceeds While authorized uses of PPP loan proceeds continue to include payroll costs, utilities, rent, and interest on mortgages and other debt obligations, the Act permits the proceeds of both First Tranche PPP Loans[19] and Second Tranche PPP Loans to be used for the following additional expense categories (in each case, subject to certain specified exclusions), all of which also qualify for… [read post]
21 Feb 2010, 5:29 am
” Clearly, these proposed rules are being considered, assuming that they are in fact being considered, in response to our nation’s lenders’ and mortgage servicers’ flagrant and total disrespect and disregard for the federal government’s Making Home Affordable Program, most commonly referred to as HAMP, the Home Affordable Modification Program. [read post]
30 Jun 2015, 9:17 pm
Mortgage Fraud Blog. [read post]
27 Jul 2021, 7:14 am
Earlier this month, Democratic Senators Dick Durbin, Jeff Merkley, Richard Blumenthal, and Sheldon Whitehouse introduced the “Protecting Consumers from Unreasonable Credit Rates Act,” which would establish a 36% all-in rate cap for all open-end and closed-end consumer credit transactions, including payday loans, car title loans, overdraft loans, credit cards, car loans, mortgages, and refund anticipation loans. [read post]
31 Dec 2010, 4:22 am
A reason for the delay is the federal government's loan modification plan. [read post]
11 Feb 2007, 6:52 am
(3) If the residential real property securing a mortgage loan is not located in a State, the loan is not a federally related mortgage loan. [read post]
6 Oct 2010, 8:38 am
" Two of the co-defendants acted as loan officers, while a third helped Dunning form American National Mortgage Partners ("ANMP"), another mortgage-lending entity. [read post]
21 Jul 2009, 5:12 pm
/Apply2Save, Coeur D’Alene, ID Elect Group LLC, Deerfield Beach, FL Equity Recovery Services, Towsen, MD Federal Home Savers, Comniack, NY Financial Solution Center, Corona, CA Fresh Start Home Modification, Woodbury Heights, NJ Fresh Start Program/Fresh Start Mortgage Assistance, Fresh Start Mortgage Solutions, Mortgage Assistance Solutions, Clearwater, FL Hope Now Modifications, LLC, Cherry Hill Twp., NJ IMC Financial, Clearwater, FL Kirkland Young… [read post]
30 Apr 2013, 10:42 am
HAMP TPP Actions Proceed In Federal Court Against Many Mortgage Lenders Right now, so many borrowers have sued banks for this sort of thing that many of these lawsuits have been collected from all around the country and pulled together in big lawsuits (class actions) pending before a single federal district judge. [read post]
29 Apr 2007, 8:04 am
Mortgage servicing loan means a federally related mortgage loan, as that term is defined in § 3500.2, subject to the exemptions in § 3500.5, when the mortgage loan is secured by a first lien. [read post]
20 Sep 2007, 8:31 pm
It was filed Aug. 30 in federal court in California. [read post]
