4 Articles match "Company","Foreclose","Instrument"

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The Government Goes After Loan Officers
In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. The Government Goes After Loan Officers By Peter G. Miller 
www.realtytrac.com - Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. According to The Language of Real Estate , “a holder-in-due-course enjoys New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
This time period is approximately 30 days long. Rescission of a Notice of Default When signed by the homeowners association or agent and recorded by the trustee, this document removes the effect of the previously recorded Notice of Default. Substitution of Trustee A written document by which one trustee is appointed in place of another. Trustee The person or party to whom property is conveyed in trust for the benefit of others. Trustee’s Deed Upon Sale A document signed by the Trustee that transfers ownership of the foreclosed property to the successful bidder at a Trustee’s
www.realtytrac.com - Tuesday, February 3, 2009
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  • What's Causing the Credit Crunch?
    Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. Creating real estate tax incentives to stimulate foreclosure investors into purchasing and repairing A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. But they all agree on one
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Glossary of Foreclosure and Real Estate Terminology - Realtytrac
    This time period is approximately 30 days long. Rescission of a Notice of Default When signed by the homeowners association or agent and recorded by the trustee, this document removes the effect of the previously recorded Notice of Default. Substitution of Trustee A written document by which one trustee is appointed in place of another. Trustee The person or party to whom property is conveyed in trust for the benefit of others. Trustee’s Deed Upon Sale A document signed by the Trustee that transfers ownership of the foreclosed property to the successful bidder at a Trustee’s
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • New York Versus Freddie Mac: Round One
    At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. According to The Language of Real Estate , “a holder-in-due-course enjoys New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • The Government Goes After Loan Officers
    In its 1980 McLean decision , the Supreme Court said “mortgage obligations physically and constructively were traded as financial instruments in the interstate secondary mortgage market.” The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. The Government Goes After Loan Officers By Peter G. Miller 
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE