Currently viewing the tag: "mortgage"
Emotional-distress claim allowed in suit against mortgage servicer Countrywide
September 8, 2009 by CULIK LAW
A federal magistrate judge has denied a mortgage servicer’s motion to dismiss a homeowner’s claims of emotional distress, ruling that claims for emotional distress are “actual damages” permitted under RESPA and the Fair Debt Collection Practices Act (FDCPA). In their claims, the homeowners seek actual damages, alleging that Countrywide Home Loans failed to properly credit [...]
Continue Reading →Graphic – What a Securitized Mortgage Looks Like
August 24, 2009 by CULIK LAW
ProPublica.org has a great visual of what a securitized mortgage looks like. via The Path of a Bundled Mortgage.
Continue Reading →The new Federal Housing Administration (FHA) commissioner said the suspension of Taylor, Bean & Whitaker should send a clear message to the mortgage industry that FHA will not do business with lenders that don't play by the rules. “If you don't operate within our standards — if you don't act transparently and ethically — we [...]
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