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3 Oct 2010, 8:29 am
As we know that the central weakness in the administration’s antiforeclosure efforts is that participation by lenders has been voluntary. [read post]
30 Sep 2010, 1:01 pm
Unfortunately, those individuals were replaced by a small number of very similar statistical models created by financial wizards and disseminated by Wall Street firms, rating agencies, and government-sponsored mortgage lenders. [read post]
30 Sep 2010, 12:33 pm
Unfortunately, those individuals were replaced by a small number of very similar statistical models created by financial wizards and disseminated by Wall Street firms, rating agencies, and government-sponsored mortgage lenders. [read post]
22 Sep 2010, 10:14 am
As we all recall, Countrywide was the largest mortgage lender in the U.S. prior to the 2008 Financial Crisis. [read post]
21 Sep 2010, 9:39 pm
Treasury should have had a central interface that it ran and should have intermediated between borrowers and servicers. [read post]
20 Sep 2010, 3:51 pm
Thomas and Cheryl Mustains (“Mustains”) successfully refinanced their home mortgage with an escrow closing date of October 12, 2005. [read post]
17 Sep 2010, 7:00 am
It also provides access to interactive calculators and DiNapoli's Open Book New York website, which brings detailed information on State and local government finances to taxpayers through a centralized, user-friendly platform. [read post]
12 Sep 2010, 7:06 am
Chase has also set up a centralized location where all modification related documents will be held and digitally imaged which, according to Chase, will eliminate the need for homeowners to resend documents over and over. [read post]
9 Sep 2010, 11:25 am
According to records, the taxpayer debtor was Lending.com, a mortgage lender which was a proxy company for its chief executive, Douglas Van Arsedale. [read post]
5 Sep 2010, 4:11 am
” The Supreme Court in Central Bank of India vs. [read post]
3 Sep 2010, 1:47 am
As the firm grew, so too did its exposure to exotic mortgage backed assets, particularly securities backed by Option ARM mortgages. [read post]
2 Sep 2010, 7:53 am
Bad ratios, folks The Fed’s toolbox also includes so-called “quantitative easing,” or using its balance sheet to purchase Treasury bills, as well as securities backed by mortgages and other assets in order to increase the flow of credit into the financial system. [read post]
2 Sep 2010, 4:41 am
A central U.S. policy for the last 80 years, called Keynesian economics, is the use of a federal budget deficit to counterattack an economic slowdown. [read post]
1 Sep 2010, 4:05 pm
This one is interesting because it dealt with a central issue in Chapter 13: whether the Bankruptcy Code requires payment of interest on mortgage arrears (which are usually themselves mostly interest) even when the underlying loan documents do not provide for interest on arrears. [read post]
1 Sep 2010, 7:29 am
A 25% reduction in home values could erase half the equity of homeowners with large mortgages.16 Again, although the statistic is double-loaded, we are teaching Gen Y that owning a home is no picnic. [read post]
23 Aug 2010, 8:11 am
Fewer than half of mortgages in foreclosure were purchase loans. [read post]
23 Aug 2010, 5:03 am
" They add that the "central message of 'Les Miserables' still holds true for modern-day policymakers, prisoners and voters: Unjust laws demean those who make them more than those convicted under them. [read post]
23 Aug 2010, 2:10 am
Morgan Stanley Subprime Mortgage-Related Lawsuit Dismissed: On August 17, 2010, Southern District of New York Judge Laura Taylor Swain granted the defendants’ motion to dismiss a securities class action lawsuit filed on behalf of purchasers of mortgage pass-through certificates sold by 31 Morgan Stanley trusts. [read post]
22 Aug 2010, 8:47 am
In Central Mortgage Company v. [read post]
19 Aug 2010, 9:03 am
They would also still owe money on the mortgage, possibly causing bankruptcy. [read post]
