JPMorgan Sued By NY AG Over "Shit-Breathing" Bear Stearns. – NY Attorney General Eric Schneiderman is suing JPMorgan over "multiple fraudulent and deceptive acts" in selling mortgage-backed securities causing losses of over $20bn. The suit appears to be related to conduct at Bear Stearns and is on the back of the monoline insurer lawsuits, and whistleblower affidavits such as the following:In connection with the Bear Stearns Second Lien Trust 2007-1.33 The LORD will not leave him in his hand, nor condemn him when he is judged. 34 Wait for the LORD, and keep his way, and he will exalt you to inherit the land. When the wicked are cut off, you shall see it. 35 I have seen the wicked in great power, spreading himself like a green tree in its native soil. 36 But he passed away, and look, he was.Rocket docket return: Another weapon for foreclosure defense PrimeLending and Mutual of Omaha now hiring staff for new mortgage venture God Made a Realtor The "God Made a Farmer" ad from Ram Trucks that ran during the Superbowl a couple years ago spawned a bevy of similar paul harvey spoofs. though none more praise-worthy (from our biased viewpoint) than this. Through no fault of their own, the general public is generally clueless about the hard work real estate agents put in on a daily basis.Find a PrimeLending Branch or Loan Officer near you. Our friendly lending professionals are waiting to help you get the home of your dreams.Family flees dream home because it used to be a meth house Tathena Tubbs, 11, told her sixth-grade teacher she wouldn’t be able to complete a recent homework assignment because her family "lives in a meth house." Her father, Travis, remembers the police arriving that evening at the home in Jefferson, Oregon the Tubbs family once thought of as their dream home.A specially designated, high-speed housing court, nicknamed "the rocket docket," set up specifically to process legally murky foreclosures as fast as possible; presided over by an apparently uninformed, utterly disinterested, retired judge who openly states his only goal is to resolve an astonishing TWENTY FIVE CASES AN HOUR.
Here’s what the CFPB is recommending as it relates to third-party debt collectors (proposed new rules related to banks and credit card companies will be coming soon): 1. Collectors should make sure.
The CFPB has promised to create a "check digit" tool and its own version of a geocoding tool for locating a property’s census tract which are not yet available. Credit unions are also waiting on the CFPB to release its own web-based HMDA submission tool which has yet to be released.
When TRID first went into effect on Oct. 3, the initial hiccups and headaches centered on how long loans would take to close, potentially causing a lot of problems for consumers who are strapped.
“This bill makes key changes to help seniors who are vulnerable to foreclosure. “Know-Before-You-Owe” reverse mortgage disclosure rules are likely coming from the CFPB as soon as the first quarter.