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12 Nov 2015, 3:43 pm by D. Daxton White
According to United Mortgage Trust’s annual 10-K filing, some of the risk factors included: Recent Developments in the Residential Sub-prime Mortgage Market Could Adversely Affect Our Results Our investments are subject to a higher risk of default than conventional mortgage loans. [read post]
22 Jan 2013, 1:43 pm by Larry Tolchinsky
 The reality is that if home loans and mortgages aren’t available for Florida residential real estate, then there’s little hope for new borrowers to buy property in a short sale and there’s a small chance that the distressed borrower will be able to close a loan modification of his or her mortgage. [read post]
25 Jun 2009, 7:00 am
All of these factors suggest that there is a significant risk that commercial mortgage-backed securities investors are facing a scenerio similar to that which decimated residential mortgage-backed securities over the past two and one-half years. [read post]
5 Sep 2019, 11:52 am by Kyle A. Owens
The Rule implements the Dodd-Frank Act’s prohibition on no-documentation or low-documentation mortgage loans, which it enacted by adding to TILA a provision that mandates documentation of income and assets and an assessment of the applicant’s ability to repay: “no creditor may make a residential mortgage loan unless the creditor makes a reasonable and good faith determination based on verified and documented information that, at the time the loan is… [read post]
2 Apr 2015, 8:10 am by Allison Tussey
Department of Housing and Urban Development) of money by obtaining mortgage loans on residential real estate properties through false loan applications and documents and fraudulent settlements, and ultimately causing a loss to the banks, lenders, and FHA when mortgages were not paid. [read post]
23 Mar 2009, 2:47 am
The effects of the residential mortgage foreclosure crisis run wide and run deep. [read post]
23 Jun 2011, 8:53 am by James Hamilton
Senator Bob Corker (R-TN) an influential member of the Banking Committee, asked regulators to improve the qualified residential mortgage rules under the proposed regulations implementing the risk retention requirements of Dodd-Frank. [read post]
1 Aug 2012, 8:17 am by Russell Koonin
Department of Housing and Urban Development recently announced that it is accepting applications for investors interested in buying distressed residential mortgage loans formerly insured by the FHA, focusing on mortgages in Chicago, IL, Newark, NJ, Phoenix, AZ, and Tampa, FL. [read post]
7 Apr 2010, 3:27 pm by Page Perry LLC
In 2006 and 2007, Goldman Sachs Group sold over $40 billion in residential mortgage backed securities (RMBS) backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would cause those securities to plummet in value. [read post]
19 Aug 2007, 4:07 pm
The Reserve Bank of Australia has analysed the structure of Australian residential mortgage backed securitisation here. [read post]
20 May 2016, 9:07 am by Mays & Kerr LLC
In the case of Huntington’s residential mortgage loan underwriters, their jobs included exercising the required degree of discretion. [read post]
20 May 2016, 9:07 am by Mays & Kerr LLC
In the case of Huntington’s residential mortgage loan underwriters, their jobs included exercising the required degree of discretion. [read post]
10 Feb 2023, 8:58 am
If you are interested in learning more about short sales, contact our DuPage County residential real estate attorneys at [[phone]] and schedule a free consultation. [read post]
11 Dec 2013, 7:56 am by Allison Tussey
Conspirators submitted fraudulent mortgage loan applications to purchase residential properties at inflated prices. [read post]
17 Oct 2013, 7:52 am by Jordan Bublick
The Kesler case involved a routine residential foreclosure by the holder of the first mortgagee, Landmark National Bank. [read post]
Morgan Stanley was sued by Taipei-based China Development Industrial Bank for fraud to recover losses from an investment tied to residential mortgage-backed securities. [read post]
18 Jun 2013, 5:44 pm by Allison Tussey
Lance’s unnamed co-conspirators identified residential properties available for purchase and recruited buyers for those properties. [read post]
3 Oct 2007, 3:06 am
The Center for Responsible Lending (CRL) estimates that 600,000 foreclosures could be avoided over the next two years by amending the bankruptcy laws to permit a chapter 13 debtor to reduce the principal amount and the interest rate of a residential mortgage loan to match the current market value. [read post]
7 Jul 2011, 5:34 am by McNabb Associates, P.C.
Claymon Trammell and Williams recruited and paid individuals to act as straw borrowers on applications for residential mortgage loans, even though the borrowers had no intention of making payments on the mortgage loans or, in the case of homes supposedly purchased as "primary residences," of residing in the homes. [read post]