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19 Dec 2011, 7:21 am by Joe Palazzolo
District Judge Jed Rakoff to reject a settlement between the agency and Citigroup over a mortgage-bond deal. [read post]
16 Dec 2011, 2:15 pm
Fannie and Freddie provide funding for mortgage lenders and play a central role in housing finance. [read post]
12 Dec 2011, 5:30 pm by Mandelman
These investors include the lenders themselves, pension funds, insurance companies, securities dealers, commercial and central banks, and others. [read post]
11 Dec 2011, 7:34 pm
Additionally, foreign buyers, especially those in Central and South America, continue to come to South Florida to snatch up bargains. [read post]
8 Dec 2011, 8:50 am by Lovechilde
The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. [read post]
8 Dec 2011, 6:59 am by McNabb Associates, P.C.
The alleged scheme involved the defendants and others arranging for prospective investors to purchase properties throughout central Ohio. [read post]
5 Dec 2011, 8:24 am by Joe Palazzolo
Rakoff’s rationale for rejecting a civil settlement between the SEC and Citigroup over allegations of fraud related to a Citigroup mortgage-backed deal centered to a degree on standard wording under which Citigroup neither admitted nor denied the allegation. [read post]
2 Dec 2011, 3:09 pm
Yesterday, December 1, Massachusetts Attorney General Martha Coakley filed a lawsuit against Bank of America, JPMorgan Chase, Wells Fargo, Citibank, Ally Financial and the Mortgage Electronic Registration System. [read post]
2 Dec 2011, 9:14 am
Magdalena Salas, 42, Angelina Mireles, 42, and Julissa Garcia, 36, Stockton, California, three top officers of a Stockton real estate company who took thousands of dollars in up-front loan modification fees and made false promises to lower the mortgage payments of struggling Central Valley homeowners, have been arrested. [read post]
2 Dec 2011, 3:19 am by Kevin LaCroix
In a November 30, 2011 order (here), Central District of California Judge R. [read post]
30 Nov 2011, 11:03 am
At the time, Paulson said that the failure of Freddie and Fannie was not an option—considering that over $5 trillion in mortgage-backed securities and debt that the two of them had issued belonged to central banks and other investors throughout the world. [read post]
28 Nov 2011, 7:37 am by admin
  It also increases the already rising pressure on the European Central Bank to take more aggressive action. [read post]
24 Nov 2011, 11:25 pm by Tessa Shepperson
Ben Reeve Lewis Ben has started Home Saving Expert, to share his secrets to defending people’s homes from mortgage repossession Visit his blog and get some help and advice on mortgage difficulties and catch up with him on Twitter and check out his free report “An Encouraging note on Dealing with your Mortgage Lender” and have it sent right to your inbox. [read post]
22 Nov 2011, 8:26 am by James F. McDonough, Jr.
It does no good to mention professional or centralized management if there is no discernable difference if operating procedures before formation and after are the same. [read post]
22 Nov 2011, 7:06 am by Moria Miller
JohnstonJohnston argued that Dodd-Frank fails to address the central issue of government officials and experts misrepresenting market conditions to rational consumers. [read post]
20 Nov 2011, 6:20 am by J
This is quite important because, in the overwhelming majority of service charge arrears cases, the landlord issues county court debt proceedings and, when no defence is filed, just claims judgment in default, which he sends to the mortgage company, who, in turn, pay the service charges (and legal costs), adding the same to the mortgage. [read post]
20 Nov 2011, 6:20 am by J
This is quite important because, in the overwhelming majority of service charge arrears cases, the landlord issues county court debt proceedings and, when no defence is filed, just claims judgment in default, which he sends to the mortgage company, who, in turn, pay the service charges (and legal costs), adding the same to the mortgage. [read post]
18 Nov 2011, 11:28 am by Christopher Wright
RESPA prohibits the payment of kickbacks in connection with a “federally related mortgage loan. [read post]
17 Nov 2011, 7:15 am by Moria Miller
”Haaga, a prominent spokesman for the mutual fund industry and current chairman of the Penn Law Board of Overseers, opened the lecture, which was sponsored by the Institute for Law and Economics, by dispelling “myths” central to investment practices and financial markets, encouraging his audience to remain critical of popular opinion. [read post]