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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]
18 Aug 2010, 1:59 pm
Perhaps Chapter 7s are being filed by distressed mortgage debtors to help with a graceful exit, but bankruptcy is clearly not playing a central part in deleveraging the American homeowner. [read post]
17 Aug 2010, 5:00 am
" First, the collateral was increasingly invested in residential mortgage-backed securities (RMBS). [read post]
16 Aug 2010, 5:00 am
This fatal flaw sounds much like the flaw in the Gaussian copula function that failed in assessing the risks for mortgage backed securities. [read post]
16 Aug 2010, 2:32 am
PFF Bancorp: In an August 9, 2010 opinion (here), Central District of California Judge Andrew Guilford denied the defendants’ motions to dismiss in the securities class action lawsuit against two former directors and officers of PFF Bancorp, the corporate parent for PFF Bank & Trust, which failed on November 21, 2008. [read post]
15 Aug 2010, 8:11 pm
It’s a great read, and makes its central thesis persuasively: the essential transformation in getting to human is not [read post]
15 Aug 2010, 2:47 pm
And while banks are making good profits because of the very low interest rates at which they can borrow, they continue to hold many sick assets (mainly investments in home and commercial mortgages) on their books, making them reluctant to lend. [read post]
12 Aug 2010, 8:46 am
The extra mortgage fees “would be a little bit of help” while the bank searches for new capital, Mr. [read post]
9 Aug 2010, 6:02 am
As for the lawsuit filed against David Stern, and his law firm, central to the purported fraud is an innovative company called Mortgage Electronic Registration Corp. [read post]
8 Aug 2010, 5:09 pm
The FTC’s Web site provides free information on a variety of consumer topics.MEDIA CONTACT: Frank Dorman Office of Public Affairs 202-326-2674STAFF CONTACT: Sara DePaul FTC’s East Central Region 216-263-3429(United Credit Adjusters)NOTHING IN THIS BANKRUPTCY BLOG CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. [read post]
5 Aug 2010, 6:43 pm
Taylor, Bean & Whitaker Mortgage Corp. sought bankruptcy court authority today to retain Hilco Fixed Asset Recovery, LLC in order to sell the furniture and fixtures located at the company's Ocala, Florida central document facility. [read post]
5 Aug 2010, 10:10 am
Central air conditioning equipment, furnaces, and water heaters. [read post]
5 Aug 2010, 5:30 am
The central claim against Quality Loan was that it allegedly improperly foreclosed upon the plaintiff’s residence, following directions from defendant EMC. [read post]
3 Aug 2010, 10:23 am
Apparently the Central Valley needs another empty foreclosed home. [read post]
2 Aug 2010, 11:34 am
The central insight was that you wanted people who couldn't quite stay ahead of the loan. [read post]
29 Jul 2010, 6:02 pm
—No residential mortgage loan and no extension of credit under an open end consumer credit plan secured by the principal dwelling of the consumer may include terms which require arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling any claims arising out of the transaction. [read post]
29 Jul 2010, 7:41 am
In Meixian, in the central Shaanxi province, around 80% of the city’s first social housing development, called Urban Beautiful Scenery, went to local officials. [read post]
28 Jul 2010, 12:46 am
The plaintiffs alleged that defendants failed to record losses on the deterioration in mortgage assets and collateralized debt obligations ("CDOs") on Credit Suisse’s books; that Credit Suisse’s internal controls were inadequate to ensure that losses on residential mortgage-related assets were accounted for properly; and that Credit Suisse’s traders had put incorrect values on CDOs and other debt securities, concealing the exposure the Company had to… [read post]
27 Jul 2010, 6:05 pm
Apparently, Vincent Reinhart, the former director of monetary affairs at the Fed was joking when talking with the reporter from the New York Times when he said: “Central banking is a great business. [read post]
