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6 Articles match "Company","Instrument"
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The Latest from RealtyTrac
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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
No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. As Hermance points out, “we No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
New York Versus Freddie Mac: Round One
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 a favored position with respect to the instrument because the maker cannot raise certain ‘personal defenses’ in refusing payment. Had the new law been on the books last year, it would have affected very few of the NY mortgages we purchased.” Also, German says that New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time
www.realtytrac.com
- Tuesday, February 3, 2009
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And the Hits' Just Keep On Coming!
For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Citigroup came out with a press statement last week projecting that the company will suffer a 60 percent decline in third quarter income between 2006 and 2007. The statement also explains the company’s need to write down more than $3 billion in various financial instruments including subprime mortgage-backed securities, highly leveraged financial commitments Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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. Educating and counseling subprime borrowers about the dangers of risky adjustable rate mortgages, interest 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
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
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No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hermance explains that company incentives are related to credit quality and not stock prices. The result is that the company has small expenses and few bad loans so it costs Hudson about 20 cents to create an additional dollar of revenue versus the industry standard of roughly 61 cents. As Hermance points out, “we No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
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 a favored position with respect to the instrument because the maker cannot raise certain ‘personal defenses’ in refusing payment. Had the new law been on the books last year, it would have affected very few of the NY mortgages we purchased.” Also, German says that New York Versus Freddie Mac: Round One By Peter G. Miller It’s fight time
www.realtytrac.com
- Tuesday, February 3, 2009
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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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