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14 Oct 2009, 10:00 am
NYCIDA also offers qualified companies abatements on sales, real estate and mortgage taxes. [read post]
13 Oct 2009, 1:03 pm
As proposed the new agency would regulate mortgages, credit cards, debit cards, installment loans and any other product issued by a financial institution. [read post]
13 Oct 2009, 1:35 am
" The firm has put a notice on its Web site and contacted various agencies about the scam. [read post]
10 Oct 2009, 2:45 am
  The questions and answers below on the ERISA fidelity bonding requirements were prepared by the Department of Labor which is the governmental agency which is in charge of enforcing the ERISA laws and regulations. [read post]
8 Oct 2009, 9:34 am
In September, Dodd outlined a plan to fold four federal agencies - including the Federal Reserve Bank and the Federal Deposit Insurance Corporation - into one entity. [read post]
5 Oct 2009, 10:55 am
The State of New York Mortgage Agency (SONYMA) is providing critical mortgage insurance for the pension funds, and the New York City Department of Housing Preservation and Development will also be supporting the initiative through its Participation Loan Program (PLP). [read post]
4 Oct 2009, 7:25 am
At the federal level, CFPs are currently regulated by five banking agencies - the Federal Reserve Board (Fed), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) - and by the Federal Trade Commission (FTC). [read post]
27 Sep 2009, 9:56 am
During a hearing on the issue, Kanjorski said regulators, Congress, and credit ratings agencies should have done a better job moderating the high demand for subprime mortgage backed securities. [read post]
24 Sep 2009, 2:05 pm by Administrator
This body could be comprised of representatives from the relevant institutions: the federal Department of Finance, the Canadian Securities Commission (to be formed), OSFI, the Canada Deposit Insurance Corporation, the Financial Consumer Agency of Canada and the Bank of Canada. [read post]
22 Sep 2009, 6:44 am
Barnes; opt 20 yr retirLast Act: 09/16/09 signed chap.425426 A3367A Englebright (MS) -- Makes provisions for primary care givers to vote in general elections and school elections by absentee ballots BLURB : Elect. care givers absentee balloLast Act: 09/16/09 signed chap.426427 A3378 Rosenthal (MS) -- Allows social services districts to inform applicants and recipients of public assistance of their option to receive information regarding victims of sexual assault… [read post]
22 Sep 2009, 6:23 am
  He noted that there are an unprecedented number of weak mortgages (subprime and Alt-A loans) on the balance sheets of banks. [read post]
17 Sep 2009, 6:38 am
Institutional MMFs, which now account for approximately 60% of MMF assets, function as low-cost providers of a corporate treasury function for large business entities. [read post]
9 Sep 2009, 7:50 pm
The ALRC recommended that there should be some expansion of the categories of personal information that can be included in credit reporting information held by credit reporting agencies. [read post]
9 Sep 2009, 2:52 am
Thus for example, in both the lawsuit that Luminent Mortgage Corporation filed against Merrill Lynch (refer here) and in the First Marblehead subprime-related securities class action lawsuit (refer here), the courts quoted with approval language from a prior RICO case in which the Second Circuit said "when the plaintiff’s loss coincides with a marketwide phenomenon causing comparable losses to other investors, the prospect that plaintiffs’ loss was… [read post]
8 Sep 2009, 9:58 am
District Judge Shira Scheindlin ruled in this opinion that the investors in the structured investment vehicle containing mortgage-backed securities sufficiently alleged an actionable misstatement against the credit rating agencies and the investment bank that placed the rated notes. [read post]
8 Sep 2009, 2:49 am
Among the causes many cite for the subprime meltdown is the willingness of the rating agencies to assign investment grade rating to securities backed by subprime mortgages. [read post]
3 Sep 2009, 9:07 pm
Whether a bankruptcy judge should be permitted to cram down the mortgage on a primary residence (that is, reduce the mortgage to the current market value of the mortgage property)? [read post]
3 Sep 2009, 9:32 am by Hunton & Williams LLP
The Federal Deposit Insurance Corporation (“FDIC”), in particular, seems determined to wipe out the “scourge” that is CRE lending. [read post]
3 Sep 2009, 5:06 am by R. Grace Rodriguez, Esq.
The law requires licensees to apply for membership in theEscrow Agents’ Fidelity Corporation, a nonprofit mutual benefit corporation,which is established to indemnify its members against loss of trustobligations. [read post]