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The mortgage servicer can lower the interest rate, stretch out the mortgage and even add a balloon payment in order to make it work. [read post]
27 Dec 2011, 6:02 pm by Adam Levitin
Michael Olenick, Gretchen Morgenson, and Yves Smith have all written pretty damning things about the foreclosure reviews persuant to the OCC consent orders with major mortgage servicers. [read post]
26 Dec 2011, 9:27 am by Frank Pasquale
 There is simply a Kafkaesque interlinkage of contracts and incentives that keep the foreclosure machine humming (along with Potemkin programs like HAMP), putting families on streets with dubious documentation for the paper gains of banks and servicers. [read post]
26 Dec 2011, 9:26 am by Frank Pasquale
 There is simply a Kafkaesque interlinkage of contracts and incentives that keep the foreclosure machine humming (along with Potemkin programs like HAMP), putting families on streets with dubious documentation for the paper gains of banks and servicers. [read post]
23 Dec 2011, 8:56 am by Cynthia Marcotte Stamer
  In addition to adopting and training workers on policies requiring compliance with these laws, businesses should include contractual provisions requiring compliance with these laws in leases and other relevant business contracts. [read post]
22 Dec 2011, 11:00 am by Lucas A. Ferrara, Esq.
  These amendments should operate prospectively and be implemented in a way that does not violate any contract, compensation plan, law or regulation. [read post]
22 Dec 2011, 2:30 am by Victoria VanBuren
In In re Aramco Services Co., No. 01-09-00624-CV, (Tex. [read post]
21 Dec 2011, 3:08 am by Dan
Services there are bad and transportation is inconvenient. [read post]
20 Dec 2011, 11:40 am by Mandelman
   Simply put, only the mortgage owner can foreclose on the mortgage contract. [read post]
19 Dec 2011, 8:57 am by Ben Vernia
Most of these recoveries are attributable to the Medicare and Medicaid programs administered by the Department of Health and Human Services (HHS). [read post]
18 Dec 2011, 5:06 am
Now included in Fannie Mae's contracts with loan servicers, the servicers will be responsible for monitoring and managing the conduct of foreclosure proceedings. [read post]
16 Dec 2011, 1:38 pm by JSS
Pfinsgraff noted that gains or losses from hedges of mortgage servicing assets (MSAs) and changes in the value of derivatives liabilities are not part of core trading operations. [read post]
14 Dec 2011, 6:38 pm by ChristopherFEarley
But since the mid-1990s, a new profit-hungry model, combined with weak regulation, has upended that ancient social contract. [read post]
12 Dec 2011, 5:30 pm by Mandelman
  Unless there is a written assignment from the mortgage owner (Freddy or Fannie) to the servicer, the servicer cannot foreclose for the simple reason they are not part of the mortgage contract. [read post]
11 Dec 2011, 5:52 pm by Jordan D. Maglich
The Meridian funds were created in 2001, and represented to potential investors that it invested in seller-financed real estate contracts and hard money loans. [read post]
9 Dec 2011, 6:00 am
Plaintiffs sued for breach of contract and quiet title, and defendants (Litton and Bank) moved for summary judgment. [read post]
5 Dec 2011, 6:04 am by Christopher Markus
A court will consider the following to determine reasonability: The time the attorney spent on the matter, the complexity of the matter, the fees customarily charged in the locality for the same or similar legal services, the result obtained and the experience, reputation and ability of the attorney performing the legal services. [read post]