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30 Mar 2011, 8:55 pm
Baum must now defend against another class action suit that is now pending in the Central Islip Courthouse of the U.S. [read post]
30 Mar 2011, 2:05 pm
” The pledge came after a raft of measures the central government put in place since 2010 to stabilize the runaway market. [read post]
29 Mar 2011, 5:50 pm
The GSE Mission Improvement Act permanently abolishes the GSEs’ affordable housing goals, which the Committee believes were a central cause behind the collapse of the GSEs. [read post]
29 Mar 2011, 3:10 pm
In many cases, it is the same banks or mortgage companies that caused the meltdown that are now claiming fraud over no-doc mortgage loans and other questionable deals. [read post]
23 Mar 2011, 12:04 pm
Source: Central Valley Business Times, "Foreclosure rates slow in California," 3/14/2011 [read post]
16 Mar 2011, 9:13 am
For example, a vault or central clearing house for the original loan documents does not exist -- consequently, most of those documents have been lost or destroyed. [read post]
10 Mar 2011, 3:00 pm
Their decisions illustrate the central role lower court judges will have in resolving the country’s foreclosure debacle. [read post]
5 Mar 2011, 11:30 pm
Instead, the fund invested heavily in collateralized mortgage obligations (CMOs) which were not part of the index and a lot more risky. [read post]
3 Mar 2011, 8:42 pm
., 149 B.R. 348, 351 (Bankr.S.D.N.Y.1993); In re Communicall Central, Inc., 106 B.R. 540, 544 (Bankr.N.D.Ill.1989). [read post]
1 Mar 2011, 11:29 pm
”The Supreme Court in Central Bank of India vs. [read post]
1 Mar 2011, 11:25 pm
Central Bank Of India & Others, was pleased to observe as follows:“9. [read post]
24 Feb 2011, 8:37 pm
Lenders that don’t file mortgage assignments with [read post]
24 Feb 2011, 6:09 am
Mortgage lenders have repeatedly blamed their problems making loan modification decisions on the volume of foreclosure work. [read post]
22 Feb 2011, 11:32 am
Many home lenders use an entity called Mortgage Electronic Registration Systems, Inc., or “MERS” as a nominal party in loan transactions to facilitate an electronic central registry of note holders and servicers. [read post]
19 Feb 2011, 5:04 pm
(" 'Gutting Fannie and Freddie is the most irresponsible housing proposal yet from this administration,' said Representative Dennis Cardoza, a Democrat from the Central Valley in California. 'How is Joe Six-Pack ever going to be able to afford a home? [read post]
15 Feb 2011, 6:15 pm
Here is the article: Critics Question a Digital Financial System Web by LIBN Staff Published: January 26, 2011 The lending industry launched the Mortgage Electronic Registration System in 1997 to be a centralized database to streamline the transfer of home loans among investors while making it easier for borrowers to keep track of who owns their loans. [read post]
14 Feb 2011, 5:21 am
” The central aim of the CFPB implementation team’s initial new media efforts will be engagement. [read post]
11 Feb 2011, 6:00 am
When unemployment was at its peak, it was actually driving foreclosures - the bankruptcy filers literally had no income to pay their mortgages. [read post]
10 Feb 2011, 7:25 am
Central to the issue is proof of bank ownership of homes in foreclosure. [read post]
10 Feb 2011, 7:14 am
The Times story says that the state’s new program, “aims to address the two central issues facing California’s beleaguered housing market: the state’s stubborn joblessness problem and the massive number of underwater homeowners. [read post]
