Search for: "Federal Home Loan Corporation"
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3 Jul 2007, 11:17 am
"Perhaps the most innovative or ambitious in it's undertaking is Senate Bill 1299, which would "amend the Truth in Lending Act to deem a mortgage broker, in the case of a home mortgage loan, to have a fiduciary relationship with the consumer, and subject such broker to all federal and state requirements for fiduciaries. [read post]
20 Aug 2011, 5:09 am
Rymer, Inspector General, Federal Deposit Insurance Corporation. [read post]
8 Feb 2012, 4:29 am
The receiver had paid GE Capital $55 million to wipe out a loan. [read post]
30 Nov 2017, 12:43 pm
For example, federal law such as the Truth-in-Lending Act can create punitive damage liability for assignees and defenses to enforcement of the trust student loans, if errors were made in disclosures that must accompany all of these loans. [read post]
22 Apr 2009, 9:01 am
The mortgage was provided by IndyMac bank, which was later taken over by the Federal Deposit Insurance Corporation. [read post]
8 Oct 2008, 2:16 pm
A few weeks ago, Hillary Clinton said: [W]e need a government entity, a modern-day Homeowners Loan Corporation, referred to as HOLC -- H-O-L-C . . . [read post]
9 Oct 2007, 8:57 am
Fremont has already faced scrutiny from the Federal Deposit Insurance Corporation ("FDIC") over these practices. [read post]
7 Apr 2009, 5:53 am
They say they want to help you get a loan modification agreement. [read post]
13 Nov 2008, 12:07 pm
Home Owners’ Loan Act (HOLA) Preempted Class Action Claims Premised on Scheme to Defraud Senior Citizens into Entering into Reverse Mortgages but Plaintiff given Leave to File Amended Class Action Complaint California Federal Court Holds Plaintiff filed a putative class action against Financial Freedom Senior Funding Corporation alleging that “Financial Freedom instituted a complex scheme to defraud senior citizens in the structuring,… [read post]
4 May 2021, 12:37 pm
The CFPB recently entered into a consent order with Nationwide Equities Corporation (Nationwide), which the CFPB refers to as a mortgage broker and mortgage lender that primarily provides jumbo reverse mortgage loans and Home Equity Conversion Mortgage Loans (HECMs). [read post]
25 Feb 2019, 5:43 am
Local, state, and federal governments should also ensure that residents are protected from retaliation, discrimination by corporate investors, fraudulent or exploitative lease terms, and corporate community owners serving as exclusive real estate agents controlling a homeowner’s right to sell his or her home, the report advised. [read post]
11 Mar 2015, 11:36 am
The Administrator cited to caselaw stating that the primary business purpose of mortgage-loan companies “is to design, create and sell home lending products. [read post]
16 Jul 2011, 11:13 am
The story exemplifies the problem with American tax policy and how corporations including national nursing home chains evade liability. [read post]
4 Jun 2014, 7:31 am
The Attorney General’s Office worked with the Office of the Commissioner of Banks in the civil cases involving these corporations and individuals. [read post]
24 Jan 2012, 8:47 am
Last month Eileen Foster appeared on a national news show to discuss the numerous federal law violations, which occurred at Countrywide Home Loans while she worked there. [read post]
1 Jul 2013, 6:11 am
Countrywide agents could vary home loans only within a specified range of the predetermined par rate. [read post]
16 Apr 2015, 12:35 pm
Last week, the CFPB announced an enforcement action against RMK Financial Corporation d/b/a Majestic Home Loans (RMK) related to deceptive mortgage advertising practices. [read post]
15 Oct 2007, 8:11 am
A fine example is the letter recently sent by the Consumer Mortgage Coalition, a trade association of large national mortgage lenders and servicers, to Chairwoman Sheila Bair of the Federal Deposit Insurance Corporation. [read post]
15 Aug 2019, 11:24 pm
That (mis)characterization of TERI's role does serve a solid purpose, though: It makes the private non-federal student loans nondischargeable for former students in bankruptcy except under the "undue hardship" test. [read post]
15 Jun 2022, 8:19 am
Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans. [read post]
