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21 Apr 2020, 8:25 am
New York State Governor Andrew Cuomo has signed an Executive Order stating that, in light of the COVID-19 outbreak, any bank that is regulated by the New York State Department of Financial Services (“DFS”) must grant a 90-day mortgage forbearance to any person or business with a financial hardship as a result of the outbreak. [read post]
6 Jan 2012, 1:37 am
As of yesterday, conveyancers should be checking the HSBC Part 2’s on-line before submitting the COTs”The new Part 2s vary the previous conditions in the booklet. [read post]
28 Mar 2012, 2:18 pm
Bank of America is hoping most homeowners would say “yes” to the offer, as it begins testing its new Mortgage-to-Lease program this month. [read post]
28 Apr 2020, 12:50 pm
Moreover, a new wave of buyback and indemnification demands is likely. [read post]
10 Sep 2009, 5:34 pm
The New York Times reported Sept. 3 that Bobbi Giguere, a suburban Phoenix homeowner, was allowed to question the senior vice president of Wells Fargo Home Mortgage Servicing in court. [read post]
3 Oct 2009, 12:08 pm
New Forms include: Affidavit in Lieu of Registration (10/09) LLC Certificate of Authority LLC Resolution to Purchase/Sell/Mortgage Mortgage Recording Tax Return (MT-15) NY Power of Attorney – NEW – 9/1/09 Check the site for Word versions of selected forms; e.g., NY POA. [read post]
14 Apr 2010, 6:00 am
Never stop the production line! [read post]
11 Sep 2017, 1:55 pm
On August 24, 2017, the Consumer Financial Protection Bureau (the “CFPB“) issued a new rule that amends the 2015 updates to the Home Mortgage Act (“HMDA“) rules. [read post]
31 Oct 2012, 6:09 am
Better yet, get a nice, healthy, low interest line of credit against the house and use that when you need money, even to pay mortgage payments. [read post]
8 Aug 2013, 10:23 am
Further, the banks claim the plan is just a way for Richmond and Mortgage Resolution Partners (MRP) to line their pockets at the expense of investors. [read post]
11 Aug 2017, 3:00 am
These new graduates have little in the way of assets other than a juris doctor. [read post]
23 Aug 2013, 6:41 am
SocknatAlthough its new mortgage servicing rules are not effective until January 10, 2014, the CFPB seems to already be using those rules as guideposts in its examinations of servicers. [read post]
12 Nov 2010, 6:15 am
This is because, just like your primary mortgage, your second mortgage was secured by the value of your home.The good news is that most second mortgage holders are very reluctant to foreclose, because the primary mortgage holder is first in line for any money when your home is sold in foreclosure. [read post]
21 Jul 2011, 12:06 pm
Bottom Line-- the Federal Government needs more money, and the little guy, mortgaged to the hilt is gonna pay. [read post]
21 Jul 2011, 12:06 pm
Bottom Line-- the Federal Government needs more money, and the little guy, mortgaged to the hilt is gonna pay. [read post]
3 Apr 2011, 3:57 pm
The first preview was about "mortgage lines. [read post]
13 Mar 2008, 11:50 am
Either way, more bad news I guess. [read post]
14 Jul 2009, 9:36 am
The bottom line: If you need bank financing to purchase your new home, you need to carefully understand how a mortgage contingency works. [read post]
18 Feb 2009, 9:08 am
And I'm not sure they have any core values other than lining their own pockets with the money they take from ours. [read post]
23 Mar 2018, 12:48 pm
The loan may be a mortgage to buy your home, a second mortgage, a line of credit, or a home equity loan. [read post]
