An annoying question for lenders is whether or not a lender can enforce two loans to the same borrower and secured by the same property. The nagging issue is usually raised when a lender makes a first loan and an additional advance to the borrower secured by the same property, a first secured loan followed by a secured credit line or a first secured loan and a new secured second loan to finance other properties.
Angelo Mozilo, founder and former CEO of Countrywide Financial Corporation, center, is sworn in at the House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, March 7, 2008, in Washington. The committee was examining the compensation and retirement packages granted to the CEOs of corporations deeply involved in the current mortgage crisis….
In July, liens and judgments data will no longer be included in traditional credit scores; CBCInnovis to offer the LexisNexis RiskView Liens & Judgments Report to lenders, filling that gap. )– CBCInnovis , a leading provider of credit reporting and data validation services to the mortgage lending industry, announced today its alignment with data and…
Link to Fitch Ratings' Report: Denmark Residential Mortgage Rating Criteria Addendum here LONDON, November 21 Fitch Ratings has updated its Denmark Residential Mortgage Rating Criteria Addendum assumptions. The criteria assumptions are used for analysing Danish residential mortgages in covered bond programmes. Foreclosure News
The ANZ's move is fairly aggressive. Competing banks will have to lower rates too to keep their heavily mortgaged customers. Foreclosure News
The firm currently has $ 16.00 price objective on the real estate investment trust's stock. According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. Foreclosure News
The year was 1968. Martin Luther King Jr. had been assassinated a week earlier. His death plunged the nation into moral crisis, and cities went up in flames. Foreclosure News
