1 Articles match "California","Freeze","Recasting"

The Latest from RealtyTrac MORE
The Government Goes After Loan Officers
The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most Just ask yourself: How many borrowers really knew what “recasting” means or that monthly payments could readily go up 50 percent or more with some loans? How many borrowers were told about prepayment penalties or understood their size and potential importance? How many borrowers understood the impact of negative amortization, the idea that loan balances could rise? “The SEC allegations raise an important
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
  • The Best from RealtyTrac MORE
  • The Government Goes After Loan Officers
    The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most Just ask yourself: How many borrowers really knew what “recasting” means or that monthly payments could readily go up 50 percent or more with some loans? How many borrowers were told about prepayment penalties or understood their size and potential importance? How many borrowers understood the impact of negative amortization, the idea that loan balances could rise? “The SEC allegations raise an important
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE