Search for: "CITIGROUP MORTGAGE LOAN SERVICES"
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17 Oct 2010, 6:49 am
In it, a law firm is paid a flat fee by loan servicers to handle a foreclosure, which is lucrative for lawyers who process a high volume of cases. [read post]
20 Feb 2008, 7:57 am
The credit crisis triggered by the collapse of the subprime mortgage market has claimed its latest victim: auction-rate securities. [read post]
18 Jul 2012, 8:29 pm
After the savings and loan debacle in the late 1980’s, billions were made by those who purchased the ‘bad paper’ from the Resolution Trust, which was the government bailout fund. [read post]
3 Oct 2010, 7:59 pm
The liabilities have been reported net of probable recoveries from third-parties and predominately as a reduction of mortgage fees and related income. 2009 compared to 2008, page 66: Noninterest revenue was $12.2 billion, up by $2.8 billion, or 30%, driven by the impact of the Washington Mutual transaction, wider margins on mortgage originations and higher net mortgage servicing revenue, partially offset by $1.6 billion in estimated losses… [read post]
14 Apr 2010, 3:55 am
Those are the words that were printed on a large banner that hung above the cubicles at Ameriquest Mortgage in Sacramento, California, according to an ex-employee of the now defunct sub-prime mortgage banking lender that was shut down by Citigroup in 2007. [read post]
5 Apr 2009, 1:26 pm
On June 19, 2008, the DOJ announced a national mortgage fraud enforcement sweep dubbed Operation “Malicious Mortgage. [read post]
10 Mar 2009, 7:31 am
• Mortgage delinquencies have increased to 7.88% of all mortgage loans. [read post]
26 Aug 2007, 11:55 am
Consumers have rolled up their credit card debt into their mortgages, paying short-term debt with home equity loans. [read post]
3 Jan 2006, 8:35 am
Based upon the solution you select, here's what to expect: If you contact a debt-counseling service, expect no impact on your FICO score, the credit score lenders typically use to determine your credit risk for loans. [read post]
18 Apr 2011, 5:00 pm
Eisinger and Bernstein do a great service in highlighting exactly who stood to gain from these structured finance products. [read post]
19 Nov 2009, 7:20 pm
“However, with the $50 billion “Home Affordable Modification Program†(HAMP), TARP is not acquiring an asset at all, but simply spending the taxpayers’ money to subsidize mortgage loan modifications, including subsidies to mortgage servicing companies. [read post]
15 Oct 2010, 3:30 pm
The servicers don't even have the legal authority to modify your loan. [read post]
15 Oct 2010, 3:30 pm
The servicers don't even have the legal authority to modify your loan. [read post]
13 Sep 2008, 10:24 pm
And in October 2006, during the regular monthly review of the retail bank's operations, the head of mortgage servicing said that late payments on subprime loans were rising at an alarming rate. [read post]
18 Apr 2011, 5:01 pm
The investment banks that engineered, sold, traded, and profited from mortgage related structured finance products were a major cause of the financial crisis.Eisinger and Bernstein do a great service in highlighting exactly who stood to gain from these structured finance products. [read post]
19 Oct 2009, 11:31 pm
It tells Fannie and Freddie which mortgages to subsidize. [read post]
6 Dec 2009, 5:27 am
Yet at the end of September, a record 14.4 percent of borrowers were either in foreclosure or delinquent on their mortgages, the Mortgage Bankers Association reported. [read post]
30 Jan 2012, 3:35 pm
— roughly 60 million loans. [read post]
14 Apr 2008, 9:02 am
Davies--former head of Britain's Financial Services Authority--and Chairman/CEO John J. [read post]
2 Apr 2012, 6:15 am
When GE purchased WMC in 2004, all that WMC did was “whole loan sales,” meaning that it would loan out money for mortgages, and then sell the loans to Wall Street investment banks, who would package and securitize those loans. [read post]
