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7 Dec 2009, 5:42 pm
A long awaited lawsuit from the Securities and Exchange Commission against former executives from mortgage giant New Century arrived Monday. [read post]
7 Dec 2009, 5:27 am
In general, the for-profit chains thought that they would create efficiencies through centralization but it never happened. [read post]
6 Dec 2009, 6:48 pm
Futures are pointing to further declines in the US and UK residential mortgages of both prime and sub-prime loans. [read post]
1 Dec 2009, 1:39 am
" Derivative Claim Exclusion: The insurer had also moved for summary judgment as to those claimants whose claims arose out of or were based on transactions involving Collateralized Mortgage Obligations (CMO). [read post]
28 Nov 2009, 9:52 pm


That will be good for borrowers, good for lenders, good for mortgage lending standards and good for improved stability of our overall financial system. [read post]
28 Nov 2009, 2:52 pm
The company, which also does business as Fair Finance, stopped making vehicle loans in 1959 and began providing second mortgages, small consumer loans, and financial investments. [read post]
21 Nov 2009, 7:47 pm
 And for homes with a second mortgage (using the previous scenario), the second mortgage company would not receive anything. [read post]
20 Nov 2009, 8:45 am
It has 13 branches, all located within a three-county area of Central Illinois: Champaign, Livingston, and McLean, where Flagstar has no operations. [read post]
19 Nov 2009, 1:04 am
" Â Defective paperwork strips mortgage holder of foreclosure rights "A Massachusetts federal judge has upheld a bankruptcy court ruling allowing a trustee to treat a mortgage as an unsecured claim, which strips the mortgage holder of foreclosure rights, because of defective mortgage paperwork. [read post]
18 Nov 2009, 6:25 am
FIX MY MORTGAGE, to help distressed homeowners in our surrounding counties on Saturday, November 21st. [read post]
16 Nov 2009, 3:58 am
Central to the court’s reasoning, however, was its determination that loan modifications were not a “right” or an “entitlement,” see id., at 11-12, and that discretion existed in determining whether to grant such modifications,. see id., at 12-13. [read post]
14 Nov 2009, 11:24 am
713Training is putting together a training package that will teach California attorneys how to propose strip downs of second mortgages and cram down first mortgages. [read post]
13 Nov 2009, 1:21 am
†Wells Fargo, the nation’s largest home lender, has begun 930,652,000 trial modifications, or 29 percent of the eligible mortgages in North, Central and a good part of South America, under the HAMP program so far this year, according to U.S. [read post]
12 Nov 2009, 3:35 pm
Second, many central bankers and economists are more comfortable identifying bubbles under uncertainty than recent Federal Reserve Chairmen (link). [read post]
12 Nov 2009, 1:26 am
Central Expressway in Dallas. [read post]
11 Nov 2009, 10:07 am
Indeed, restarting private-label securitization markets, especially in the United States, is critical to limiting the fallout from the credit crisis and to the withdrawal of central bank and government interventions. [read post]
10 Nov 2009, 9:45 am
Bernstein Litowitz Berger & Grossmann LLP and Berman DeValerio are issuing the following statement regarding the American Home Mortgage Action: UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK IN RE AMERICAN HOME MORTGAGE (Other OTC: AHMIQ) (Other OTC: AHMMQ) (Other OTC: AHMNQ) SECURITIES LITIGATION, 07-MD-1898 (TCP) THIS DOCUMENT RELATES TO ALL CLASS ACTIONS Summary Notice of Pendency of Class Action and Proposed Settlements, Settlement Fairness Hearing, and Motion… [read post]
9 Nov 2009, 9:47 pm
Or… The Future of the Mortgage Broker. [read post]
6 Nov 2009, 4:49 am
Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the SAFE Act) requires mortgage loan originators — including loan officers at financial institutions and independent mortgage brokers — to register with the government and enter information about their background and disciplinary history into a central database that consumers can access. [read post]
6 Nov 2009, 1:52 am
Vencap Ltd., the Court sought to identify which actions constituted the fraud and directly caused harm, or as the Court stated elsewhere in the opinion "what is central or at the heart of a fraudulent scheme. [read post]
