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2 Apr 2012, 6:15 am by Mandelman
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]
28 Mar 2012, 5:59 pm by Rebecca Tushnet
  Is it likely to mislead consumers, acting reasonably under the circumstances, about something material to the decision to use the product or service? [read post]
28 Mar 2012, 2:18 pm by JinAh Lee
Those eligible for the pilot program include homeowners whose mortgages are owned by B of A (this excludes the 9 million mortgages serviced by B of A but owned by outside investors), whose mortgages have been delinquent for at least two months, who live in their homes, who don’t have second mortgages or home equity lines of credit, and who have either exhausted all other foreclosure alternatives (such as loan modification, short sale, or deed in lieu of foreclosure)… [read post]
27 Mar 2012, 8:12 am by Mandelman
  Whoever is servicing the loan grants a principal reduction of $40,000. [read post]
26 Mar 2012, 2:27 pm by Adam Levitin
 or requiring that servicers care for properties that have been abandoned. [read post]
22 Mar 2012, 6:47 am by Nicholas Gebelt
        The Sudden Surge In Nonexempt Equity First, after the rescission the debtor may suddenly have a great deal of nonexempt equity in the property. [read post]
19 Mar 2012, 12:22 pm
Borrowers have both applauded and also sharply criticized the recent mortgage settlement reached by the attorneys general of all fifty states with our country's five major loan servicers. [read post]
19 Mar 2012, 6:29 am by admin
  Loan servicing and customer after-marketing are not just nice practices, they are integral to quality lending. [read post]
17 Mar 2012, 9:51 am by Joe Palazzolo
The economic downturn of 2008 slowed profit and revenue growth across the global legal-services market. [read post]
16 Mar 2012, 7:48 am
Loans were to be approved by a loan committee consisting of a PDC manager, PFF legal counsel, and community members, and loans were to be serviced by PFF. [read post]
14 Mar 2012, 3:00 pm by Steve Honig
  Josef von Rickenbach is Chairman and CEO of Parexel, a bio pharmaceutical services company. [read post]
14 Mar 2012, 11:53 am by nedaj
Location: New York, NY March 29, 2012 Sponsor: Financial Times Event: Hedge Fund Insights 2012 Location: New York, NY March 29, 2012 Sponsor: Financial Times Event: Investing in a Sustainable Future Location: New York, NY March 29 Sponsor: Managed Funds Association Event: Gaining Clarity on Pension and Endowment Allocations to Hedge Funds Location: New York, NY **** Cole-Frieman & Mallon LLP provides legal services for hedge fund managers and other groups within the investment… [read post]
8 Mar 2012, 5:30 am by Barbara S. Mishkin
  A $10 million payment to the Veterans Affairs fund that guarantees loans on favorable terms for veterans. [read post]
5 Mar 2012, 2:51 pm by peweditor
This would allow the homeowner to pay down the principal amount due on the loan, reduce the negative equity, and acquire equity faster than is possible under the existing loan agreement. ? [read post]
5 Mar 2012, 2:08 am by Sam E. Antar
With new equity instead of debt, the company won't have to pay potentially onerous interest costs and risk higher losses. [read post]