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4 Aug 2009, 8:08 am
On Tuesday, the federal government made a deal with mortgage company execs to perform 500,000 loan modifications by Nov. 1 - a significant scale back from than the 3-4 million first expected to be helped by the Making Home Affordable program. [read post]
21 Jan 2014, 4:00 am by Jeremy T. Rosenblum
RosenblumLast month, the CFPB filed its first lawsuit against companies involved in online payday lending. [read post]
The CFPB indicated in their announcement that these consent orders originated from a number of investigations by the CFPB into companies allegedly using deceptive direct mail campaigns to advertise VA guaranteed mortgages. [read post]
16 Jan 2008, 3:10 pm
Second, the WSJ speculated that, if enacted, the bankruptcy bill could reduce homeowners' payments to mortgage companies, rewarding Mr. [read post]
20 May 2010, 12:25 pm by On behalf of Bankruptcy Legal Group
Now, mortgage companies will have to set their minimum price before the house is listed for sale and, if that price is met, they must accept the deal. [read post]
24 Apr 2010, 4:28 am by Timothy P. Flynn
This means there is no deficiency as to the first mortgage. [read post]
Cybercriminals had set up the account, and induced the associate to send the funds by pretending to be employees of a legitimate mortgage company. [read post]
29 Sep 2010, 6:43 am by Gallagher & Associates Law Firm
GMAC Mortgage ranked fourth among U.S. home-loan originators in the first six months of this year, with $26 billion of mortgages, according to industry newsletter Inside Mortgage Finance. [read post]
21 Mar 2011, 2:13 pm by Keith Reinfeld
”  Rather, mortgage loan officers are responsible for selling loan products produced by the company, but their duties do not relate to servicing the business itself. [read post]
12 Oct 2008, 12:55 pm
In particular, she argued that: (a) the power to appoint a receiver and / or sell the property should be interpreted as arising only once the court had sanctioned such a step; or (b) the protection of the Administration of Justice Acts should continue to apply even where the claim for possession is brought by someone who has purchased the property from a mortgage company. [read post]
27 May 2014, 7:38 am by Allison Tussey
NMC failed to use these funds to pay off these mortgages and instead used the money to pay off first mortgages for other customers. [read post]
23 Aug 2013, 7:02 am
First American Title Insurance Company, decided in July 2013, confirmed that mortgagee title insurance does not cover defects arising out of invalid loan arrangements. [read post]
2 Feb 2012, 8:04 am
When a person or company pledges real property they own as security for a loan or debt, it is known as a mortgage. [read post]
18 Oct 2018, 12:30 pm by ccollins
This is not the first time Nomura has had to pay to settle mortgage-backed securities fraud related claims. [read post]
28 May 2015, 4:38 pm by Allison Tussey
”The post Rental Property Owner Jailed for Ripping Off Lenders to the Tune of $7.7M appeared first on Mortgage Fraud Blog. [read post]
4 May 2017, 7:14 am by Renae Lloyd
Barclays Capital Failure to Supervise According to an SEC press announcement this week, Barclays Capital will pay more than $16.5 million as part of a settlement due to allegations that the company did not properly supervise two of its former mortgage bond traders. [read post]
15 Apr 2008, 7:11 am
According to senior executives at Merrill Lynch, the company is likely to post a first-quarter loss on write-downs between $6 and $6.5 billion. [read post]