Search for: "Mortgage Investors Corporation"
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8 Mar 2011, 1:33 pm
US$2.50 per every US$1,000 of the sales price and – if applicable - the mortgage amount, (3) escrow fees from 0.5% to 1% of the transaction amount (vary depending on amount of transaction), and (4) incorporation fee of US$1000 to setup the Panama corporation. [read post]
7 Mar 2011, 12:17 pm
On March 4, 2011, the United States District Court for the Northern District of California approved a Class Action Settlement in In Re Countrywide Financial Corporation Securities Litigation, No. [read post]
2 Mar 2011, 10:31 am
It was just last year that the investment bank paid $550 million to settle SEC charges that it misled investors when selling a mortgage-linked investment in 2007. [read post]
28 Feb 2011, 8:16 am
It made all sorts of crazy adjustable rate mortgages that required no documentation of income; its array of products was also well known and disclosed to investors. [read post]
28 Feb 2011, 7:47 am
In the early 2000's, mortgage originators gleefully encouraged over-valuations, because they ultimately did not pay the price of those misjudgments. [read post]
24 Feb 2011, 9:41 am
Unsolicited offers have picked up since the subprime mortgage crisis. [read post]
21 Feb 2011, 10:30 am
Now we are moving against our core principles, creating an oligarchy whose GOP minions will see to it that government exists as a tool by for and of the wealthy and the big corporations. [read post]
15 Feb 2011, 12:53 pm
For those in the housing and mortgage fields, making needed changes will not be easy. [read post]
14 Feb 2011, 7:07 am
They bring in a sworn declaration from MERS Treasurer and Corporate Secretary, William Hultman on December 10th, that explains what an entirely fabulous and utterly wonderful invention MERS actually is, and then… I suppose afraid that the one Hultman declaration just might not carry the day they show up with yet another declaration from MERS Treasurer and Corporate Secretary, William Hultman on December 23rd. [read post]
11 Feb 2011, 7:45 am
Farah made false statements and mislead investors to believe that their money would be used for funding specific private mortgages when it in fact was used for numerous other undisclosed purposes, including to pay personal expenses and to make Ponzi payments to earlier investors. [read post]
11 Feb 2011, 3:17 am
The investors alleged that at the time of the offering, Blackstone knew that two of its portfolio companies (FGIC Corporation, a monoline financial guarantor, and Freescale Semiconductor), as well as its real estate fund investments, were experiencing problems. [read post]
10 Feb 2011, 7:14 am
— only Ally has formally signed on to a key part of the plan: reducing mortgage principal on homes that are “underwater,” or worth less than the size of the mortgage. [read post]
7 Feb 2011, 4:04 pm
(f/k/a Thornburg Mortgage, Inc.) [read post]
7 Feb 2011, 10:59 am
For any questions or more information on these or any related matters, please contact any attorney in the firm’s corporate practice group. [read post]
7 Feb 2011, 12:55 am
According to their February 2, 2011 press release (here), plaintiffs’ lawyers have filed a securities class action lawsuit in the Southern District of New York against Bank of America Corporation and certain of its directors and officers alleging that "concealed defects in the recording of mortgages and improprieties with respect to the preparation of foreclosure paperwork that harmed BofA’s investors when BofA had to temporarily discontinue… [read post]
5 Feb 2011, 1:51 pm
He would go on to oversee loan quality for over $90 billion a year of mortgages underwritten and purchased by CitiFinancial. . . . [read post]
3 Feb 2011, 2:00 pm
Not exactly good news for the corporate investors or Stern. [read post]
30 Jan 2011, 6:50 am
The investment community is slowly continuing its recovery from the effects of the sub-prime mortgage crisis as well as the collapse of the CMBS market. [read post]
26 Jan 2011, 12:54 am
Subprime litigation – by which I refer to the full panoply of cases tied to high-risk lending, mortgage securitization and sales of mortgage-backed securities in the last five or six years – remains front and center. [read post]
24 Jan 2011, 12:03 am
As a result of the First Circuit’s January 20, 2011 opinion, the plaintiffs in the Nomura Asset Acceptance Corporation mortgage-backed securities lawsuit have managed to revive a slender portion of their case, albeit on a rather precarious basis. [read post]
