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1 Aug 2018, 8:00 am by Simon Lovegrove
On 31 July 2018, UK Finance announced that 59 authorised lenders representing 93% of the UK’s residential mortgage market have agreed common standards to help existing borrowers on reversion rates who are up-to-date with repayments but, because of stricter affordability criteria, are currently ineligible to move to an alternative product provided by their lender. [read post]
1 Aug 2018, 4:42 am
Wells Fargo Agrees to Pay $2.09 Billion Penalty for Allegedly Misrepresenting Quality of Loans Used in Residential Mortgage-Backed Securities (DOJ Press Release)https://www.justice.gov/opa/pr/wells-fargo-agrees-pay-209-billion-penalty-allegedly-misrepresenting-quality-loans-usedWithout admitting liability, Wells Fargo Bank, N.A. and several of its affiliates (Wells Fargo) entered into a settlement with DOJ and agreed to pay a civil penalty of $2.09 billion under the Financial… [read post]
31 Jul 2018, 11:04 am by Andrew Stoltmann
Premium Point Investments offerings include the following: Premium Point Credit Fund, LP Premium Point ERISA Offshore Mortgage Credit Fund, LTD Premium Point Master Single Family Residential Fund I LP Premium Point Mortgage Credit Fund, L.P. [read post]
30 Jul 2018, 3:15 pm by Thomas Caruso
On July 23, Fitch published a criteria report outlining Fitch’s methodology for rating U.S. residential mortgage-backed securities (“RMBS“). [read post]
30 Jul 2018, 3:15 pm by Jennifer Lee
Bank NA and UBS AG announced they had reached an $850 million settlement in connection with a dispute over loans in three residential mortgage-backed securities trusts. [read post]
30 Jul 2018, 1:13 pm
  "Wells Fargo Agrees to Pay $2.09 Billion Penalty for Allegedly Misrepresenting Quality of Loans Used in Residential Mortgage-Backed Securities" (DOJ Press Release)https://www.justice.gov/opa/pr/wells-fargo-agrees-pay-209-billion-penalty-allegedly-misrepresenting-quality-loans-usedMy case heading to the warehouse involved the same thing by SunTrust Bank, ... [read post]
30 Jul 2018, 8:38 am by Staff Attorney
The Premium Point Investments offerings include the following funds: Premium Point Credit Fund, LP Premium Point ERISA Offshore Mortgage Credit Fund, LTD Premium Point Master Single Family Residential Fund I LP Premium Point Mortgage Credit Fund, L.P. [read post]
25 Jul 2018, 9:32 am by Pulgini & Norton, LLP
The Massachusetts property attorneys at Pulgini & Norton assist homeowners and others with residential real estate issues. [read post]
20 Jul 2018, 12:10 am by Tessa Shepperson
Six months rent is a lot of money for a landlord to lose, bearing in mind that they still have to pay their mortgage on the property and any other expenses, plus they are liable during that time for keeping it in repair. [read post]
19 Jul 2018, 11:13 am by Sarah Aberg and Kate Ross
In November 2012, the NYAG brought a civil enforcement action against Credit Suisse Securities (USA) LLC and its affiliates (“Credit Suisse”), alleging that Credit Suisse engaged in fraudulent acts in connection with the creation and sale of residential mortgage-backed securities in 2006 and 2007. [read post]
19 Jul 2018, 11:13 am by Sarah Aberg and Kate Ross
In November 2012, the NYAG brought a civil enforcement action against Credit Suisse Securities (USA) LLC and its affiliates (“Credit Suisse”), alleging that Credit Suisse engaged in fraudulent acts in connection with the creation and sale of residential mortgage-backed securities in 2006 and 2007. [read post]
17 Jul 2018, 9:06 am by Pulgini & Norton, LLP
  We have experience handling a wide-range of residential real estate matters, including mortgage refinancing, home purchase and sale transactions, zoning permits, and easement and property use issues. [read post]
17 Jul 2018, 9:06 am by Pulgini & Norton, LLP
  We have experience handling a wide-range of residential real estate matters, including mortgage refinancing, home purchase and sale transactions, zoning permits, and easement and property use issues. [read post]
14 Jul 2018, 4:18 pm by Kelly Phillips Erb
Additionally, the TCJA caps new mortgages at $750,000 for purposes of the home mortgage interest deduction (for mortgages taken out before December 15, 2017, the limit remains $1,000,000). [read post]
13 Jul 2018, 1:31 pm by Sarah Aberg
In November 2012, NYAG brought a civil enforcement action against Credit Suisse Securities (USA) LLC and its affiliates (“Credit Suisse”), alleging that Credit Suisse engaged in fraudulent acts in connection with the creation and sale of residential mortgage-backed securities in 2006 and 2007. [read post]
11 Jul 2018, 6:17 am by Ezra Rosser
While contractual flexibility and innovation were available to soften the blow of large commercial deals gone wrong during the crisis, residential mortgage defaults across the U.S. were subject to strict contractual formalism that led to severe consequences for those pursuing one of the hallmark prizes of the American Dream, homeownership. [read post]
5 Jul 2018, 11:23 am by msatta
  Even citizens who have had their rights restored by the Governor himself, must battle state agencies if they wish to pursue life, liberty and happiness in a profession like mortgage counselor, criminal justice training instructor, lobbyist, blood alcohol analyst, community association manager, physician assistant, preneed funeral sales agent, bail bond agent, insurance agent, and even firefighter. [read post]
4 Jul 2018, 1:53 pm by Giles Peaker
But on the loss of amenity claim, the Judge found: Ms Creer (counsel for N) submitted that the only reason that there is a diminution in the value of each of the claimants’ properties is because of the position taken by mortgage lenders which, since around 2012, have limited or refused to provide mortgages where (Japanese knotweed) is within seven metres of the property’s boundary. [read post]
3 Jul 2018, 9:21 am by Pulgini & Norton, LLP
  We advise homeowners and buyers in purchase and sale transactions, mortgage financing, easement and title actions, and many other residential real estate matters. [read post]
3 Jul 2018, 9:21 am by Pulgini & Norton, LLP
  We advise homeowners and buyers in purchase and sale transactions, mortgage financing, easement and title actions, and many other residential real estate matters. [read post]