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15 Apr 2010, 9:21 pm by John Watts & M. Stan Herring
" If an assignment has been recorded from MERS to either the servicer or Fannie Mae and the borrower reinstates the mortgage loan prior to completion of the foreclosure proceedings, the servicer need not re-assign the mortgage to MERS and re-register the mortgage with MERS. [read post]
15 Apr 2010, 8:22 am by admin
  The property is worth less than the remaining loan unpaid principal balance (UPB). [read post]
14 Apr 2010, 1:43 pm by doug
Just yesterday, the chiefs of Citi, Chase, Wells Fargo and Bank of America testified before Congress, and told lawmakers they are reducing the amount that troubled borrowers owe on their home loans only in limited cases. [read post]
14 Apr 2010, 3:55 am by Mandelman
Ameriquest, an originator of sub-prime mortgages owned by ACC Capital Holdings, was responsible for $50 billion in sub-prime loans in 2004 alone, roughly ten percent of the sub-prime loans made that year. [read post]
13 Apr 2010, 5:57 am by Mandelman
What is absolutely grand, however, is that the same day that Wells Fargo settled the NAACP lawsuit in an attempt to leave the proverbial frying pan, it had no sooner wrote the check when two cities, Baltimore and Memphis, filed new federal lawsuits that accuse Wells Fargo of steering African American borrowers into expensive mortgages, which were later the proximate cause of many foreclosures that cost the cities property tax revenue, forcing each city to increase… [read post]
12 Apr 2010, 6:54 pm by John Watts & M. Stan Herring
Just fill out the form below: Contact Information First Name * Last Name * Email * Street Address 1 Street Address 2 City * State * Zip Code [read post]
12 Apr 2010, 9:05 am
Everything down there has now conclusively tanked, but only now is the city getting around to taking out the mortgage to buy the place. [read post]
12 Apr 2010, 5:19 am by John Watts & M. Stan Herring
Talk to your mortgage company about modifying the loan or entering a forebearance or doing something to get you back on track. [read post]
8 Apr 2010, 8:57 pm by John Watts & M. Stan Herring
Unpaid amounts will be added to the loan’s principal, to be repaid later. [read post]
8 Apr 2010, 7:13 pm by admin
H2270 – Would require mortgage brokers to investigate the borrower’s ability to repay the loan before making the loan. [read post]
7 Apr 2010, 5:29 am
Or the $159,000 in interest that will be paid out of the general fund in the first year of the new $12 million loan for the Paulson stadium deal? [read post]
6 Apr 2010, 7:49 pm by John Watts & M. Stan Herring
This has made it hard for banks, which act on behalf of mortgage-securities investors in most foreclosure cases, to prove they own the loans in some instances. [read post]
6 Apr 2010, 3:16 am by Andrew Lavoott Bluestone
The defendant contends that Fatato ultimately was responsible for the decision to provide the loans despite the potential usury problem. [read post]
5 Apr 2010, 1:07 pm by Michael Risch
We are making it happen by the skin of our teeth, and biting our nails even today as we apply for a mortgage. [read post]
1 Apr 2010, 2:05 pm by doug
If you are having problems with trying to modify a Citi  mortgage, or with Citi Bank collectors harassing you for credit card payments, why not try to talk things over with the owners? [read post]
31 Mar 2010, 12:48 pm by Keith Bruno
Chen, Richard Gonzalez, and Daniel Gonzalez are accused of acquiring city business licenses using the stolen identities for nonexistent businesses in order to obtain higher income loans. [read post]
31 Mar 2010, 6:16 am by Chris Cheatham
  OWNERS then repay their loans over 20 years via an annual assessment on their property tax bill. [read post]
30 Mar 2010, 10:33 am by John E. Harding, JD, CFLS
For all of the struggle, his mortgage is still upside down 18 months later -- and he still does not have a way to refinance his house and clear his ex-wife's name from the mortgage loan. [read post]