Search for: "First Residential Mortgage Services Corporation"
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15 Feb 2011, 12:53 pm
In November, I spoke about the problems in residential mortgage servicing operations that were undermining the performance of this industry. [read post]
14 Feb 2011, 7:07 am
The movant is Select Portfolio Servicing, Inc. [read post]
11 Feb 2011, 3:17 am
In a September 22, 2009 order (here), Southern District of New York Judge Harold Baer, Jr. granted the defendants’ motions to dismiss, holding that the alleged misrepresentations or omissions regarding FGIC and Freescale were neither quantitatively nor qualitatively material, and further holding that the alleged misrepresentations regarding Blackstone’s real estate investments were insufficient because the plaintiffs’ allegations failed to specify how the… [read post]
9 Feb 2011, 3:20 am
Second, the Lowenstein Sandler law firm has published a February 2011 memo entitled "Residential Mortgage-Backed Securities Litigation: 2010 Survey" (here), contains a helpful summary of the court rulings in securities lawsuits involving RMBS, and also includes a detailed description of a long list of significant cases. [read post]
3 Feb 2011, 2:00 pm
The website states: Pillar Processing LLC is a leading provider of business process outsourcing services to the default management sector of the residential mortgage industry. [read post]
8 Jan 2011, 2:30 pm
As one securitization expert explains, a Pooling and Servicing Agreement is the legal document creating a residential mortgage backed securitized trust. [read post]
6 Jan 2011, 11:07 am
To be eligible, the borrower must have a residential payment-option adjustable rate mortgage (“POA”) originated by Wachovia Corporation (“Wachovia”) and Golden West Corporation (“Golden West”). [read post]
5 Jan 2011, 2:56 am
Other proposals to achieve such expansion include supporting efforts to expand food co-ops, improving bodega infrastructure and improving the Green Cart program by expanding the electronic benefits transfer (EBT) service. [read post]
27 Dec 2010, 8:12 pm
10: ASIC guide on margin lending disclosure 09: Website record retention 08: ASIC consults on equity market review 08: Draft principles on open public sector information 02: Financial planners and tax agent registration 01: Contracting with Commonwealth government agencies October 2010 (23) 28: Inquiry into competition within the Australian banking sector 28: Telephone sales of general insurance products 28: Sex and Age Discrimination Legislation Amendment Bill 2010 … [read post]
17 Dec 2010, 8:46 am
It was the first of many times, when politics would prevent us from dealing with the tsunami that was now unquestionably growing in its destructive power as hosing prices continued their precipitous fall. [read post]
16 Dec 2010, 9:21 am
At the time of the hearing, Boxer reportedly indicated she had paid off two Countrywide mortgages, but did not mention the others. [read post]
10 Nov 2010, 10:39 pm
In 2000 I made the change from an independent agent to the corporate agent. [read post]
21 Oct 2010, 6:24 am
It's the first appellate interpretation of the U.S. [read post]
7 Oct 2010, 7:03 am
Under the agreement announced today, Wells Fargo will make a number of substantial servicing commitments for its POA borrowers. [read post]
4 Oct 2010, 8:49 am
They do however have authority over non-bank firms, regardless of their size, if they are involved in loan activities such as residential mortgages and student loans. [read post]
4 Oct 2010, 8:16 am
As one securitization expert explains, a Pooling and Servicing Agreement is the legal document creating a residential mortgage backed securitized trust. [read post]
3 Oct 2010, 2:35 pm
Under Florida law, the plain language of a residential mortgage note, which repeatedly and unmistakably indicated that a mortgagor's monthly payments might not be sufficient to cover the interest, and that any deficiency would be added to the note's principal, did not require a mortgagee or a loan servicer to apply at least a portion of each monthly mortgage payment to the principal. [read post]
24 Sep 2010, 7:00 am
Goldman, Sachs & Co. and Fabrice Tourre, 10 Civ. 3229 (BJ) (S.D.N.Y. filed April 16, 2010): In this case, the SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). [read post]
16 Sep 2010, 7:06 pm
LARACH and GREAT AMERICAN CORPORATION, Plaintiff, v. [read post]
10 Sep 2010, 1:00 pm
Kushner Companies L&L Residential, LLC L+M Development Partners Landmark Realty Capital Laval Group, LLC LeFrak Organization Legal Services NYC Lenox Real Estate Partners Level Group Lexden Capital Lincoln Land Services Linfield Capital M. [read post]
