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2 May 2024, 1:22 pm by Guest Author
Clarke, the Second Circuit approved an Office of the Comptroller of the Currency (OCC) decision permitting banks to sell “mortgage pass-through certificates” that “represent fractional undivided interests in [a] pool of mortgage loans”—better known today as residential mortgage-backed securities (RMBS)—without first attempting to understand Congress’s intentions in limiting commercial banks to the business of banking. [read post]
9 Apr 2024, 1:23 am by Katelynn Minott, CPA & CEO
Make sure to factor in things like student loans, a mortgage, car payments, etc. into your monthly expenses. [read post]
8 Mar 2024, 6:02 pm
 Pix Credit here On 7 March 2024, President Biden delivered the 2024 State of the Union Address. [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
  In this supplemental publication, the SEC added additional examples of Covid-related risks, including (1) material changes to liquidity; (2) material operational challenges identified by management and the Board of Directors; (3) impacts on existing lines of credit and corporate debt; (4) reductions in capital expenditures; and (5) the use of funding instruments to ensure ongoing access to critical supplies, including loans to vendors and the use of factoring. [read post]
31 Jan 2022, 12:46 pm by Shannon O'Hare
However, in general, security including mortgage, pledge and liens transfer automatically with the lender’s loan. [read post]
16 Aug 2021, 4:02 am by Joshua Holt
It’s especially helpful for people currently dealing with tight funds and ensures they can make lower loan payments. [read post]
28 Jan 2021, 1:23 pm by Gene Takagi
Small Business Administration SBA regulations generally prohibit nonprofits from receiving SBA business loans, but CARES Act provided that 501(c)(3) nonprofits can be eligible for Payroll Protection Program (PPP) loansStill some unknowns regarding “economic necessity” and how endowment and other restricted funds might be considered in such assessment – PPP applications include a certification that “current economic uncertainty makes this loan… [read post]
7 Dec 2020, 8:58 am by Alan Rosca
Reportedly, Ashley spent approximately $1,143,288 in investor funds on personal expenses such as brewery expenses, casinos, payments on personal credit cards, legal fees, cash withdrawals, mortgage payments, college tuition, student loan payments, and utilities. [read post]
7 Dec 2020, 8:58 am by Alan Rosca
Reportedly, Ashley spent approximately $1,143,288 in investor funds on personal expenses such as brewery expenses, casinos, payments on personal credit cards, legal fees, cash withdrawals, mortgage payments, college tuition, student loan payments, and utilities. [read post]
In fact, another 2019 survey showed that over 20% of loans from retirement accounts are taken to cover unexpected expenses. [read post]
5 May 2020, 12:06 pm by Wiggam & Geer
So tonight we’re going to go over those, so he missed out on the PPP, we’ll talk about if there’ll be funding, more funding or not that’ll come up. [read post]
1 May 2020, 9:18 am by David M. Offen Esq.
Mortgages Federal mortgage lending companies Freddie Mac and Fannie Mae offer payment forbearance for up to 12 months. [read post]
22 Apr 2020, 7:40 am by A. Brian Albritton
Citibank and JP Morgan Chase settled for $7 billion and $13 billion, respectively, in combined payments and consumer relief. [read post]
10 Feb 2020, 4:36 am by Andrew Lavoott Bluestone
The defendants represented the plaintiffs at the closing, and the plaintiffs alleged that, as part of that transaction, the defendants were supposed to, but did not, negotiate security from the borrower for the loan by obtaining a mortgage against certain real property located in Orangeburg. [read post]
3 Oct 2019, 3:00 am by Biglaw Investor
For new lawyers, the debt manifests in student loan debt, credit card debt, vacation debt and sometimes mortgage debt. [read post]
18 Sep 2019, 10:16 am by Adam Levitin
It just requires that the higher interest rate loans that violate state usury laws be funded through banks' balance sheets. [read post]
4 Sep 2019, 2:28 am by opadmin
When a homeowner fails behind on mortgage payments, the lender may look to begin the legal process of getting the house sold so they can receive payment for the loan against it. [read post]
6 May 2019, 9:01 am by ccollins
These complex investments package together thousands of mortgage loans, and not all of the loans share the same level of quality. [read post]
12 Apr 2019, 2:06 pm by opseo
Handling IRS debt relief can be a struggle if you have other debt obligations such as credit card bills, medical bills, mortgage, car loan or even a wage garnishment. [read post]