Merscorp, Inc. et al, No. 0:2010cv61296 – Document 184 (S.D. Fla. 2011) Court Description: ORDER granting 162 Motion to Dismiss with prejudice; the clerk is directed to close the case and any pending motions are denied as moot.
CFPB names another acting deputy director Litigation costs mount at BofA, Chase over foreclosure, mortgage issues JPMorgan Chase Fined, Again, for Defective Foreclosures. – JPMorgan Chase is back in the news for failing to comply with a government foreclosure settlement. It is being fined $48 million. Back in 2013, banking giant Chase paid $2 billion to settle claims related to illegal foreclosures that it had conducted on millions of homeowners, including homeowners in Massachusetts.CFPB lays pathway to compliance for lenders, servicers [VIDEO] Freddie Mac CEO: Job is public service, pay cap is symbolic National MI provides rescission relief after 12 months An Army major comes home after nine months at war and, with cameras rolling. a clinical and developmental psychologist at the University of Michigan in Ann Arbor, but it’s important to recognize.FHFA: Principal reduction would cost Fannie, Freddie $100 billion Abacus Federal Savings Bank found not guilty of defrauding Fannie Mae The documentary raises the question of why New York officials devoted five years to prosecuting the 0 million-asset abacus federal Savings. been found guilty. The case against Abacus The DA’s.The reason why it’s a big fight is because of the FHFA’s reluctance on the following: — First, the FHFA has argued that principal reduction would cost Fannie and Freddie–and therefore. which.Efforts will be made to improve banks’ public disclosure of their holdings. Furthermore, banks with assets greater than $100 billion will have to undergo individual assessments. Capital Assistance.[Watch] The one Christmas light show to rule them all 9 questions that Game of Thrones left unanswered after the series finale – So there we have it, our watch is over and one of the biggest TV events of all. Light prophecies, with everyone from Jon.CFPB lays pathway to compliance for lenders, servicers – The CFPB’s ability-to-pay rule and national servicing standards go live in January 2014. Until then, the agency is launching several initiatives to make sure lenders and servicers know how to.Archives For: acting deputy director All Categories Disaster Updates (31) Uncategorized (6) NPPC (4) Safeguard in the News (223) FEMA Alerts (871) vendor events (3) event (139) Editorials (2,653) Industry Updates (904)Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately .5 million. Robert Pena pleaded guilty in 2017 to one count of conspiracy and six counts of wire fraud. Pena was the founder and president of Mortgage Security Inc., a shuttered mortgage.
MERSCORP holdings announced thursday that it secured a pair of victories in federal court, as two United States District Courts in Texas recently upheld. to dismiss in two cases. In one case, Campo.
MERSCORP. The U.S. Court of Appeals for the Eighth Circuit ruled on an appeal brought by the counties and upheld the District Court of Minnesota’s decision, which found that there is no mandatory.
In Ukpoma v. U.S. Bank, the judge dismissed a plaintiff’s nine-count complaint alleging wrongful foreclosure and violations of the state’s Consumer Protection Act (CPA). The plaintiff’s wrongful foreclosure claim was based on the argument that MERS cannot act as a beneficiary of a deed of trust under Washington law and thus, any assignments of the deed of trust by MERS to other entities were void.
The Ninth Circuit Court of Appeals on Wednesday upheld a decision by a district court that dismissed a borrower’s wrongful foreclosure claim against Mortgage electronic registration systems, Inc.
The borrower’s default following dismissal of the first lawsuit. second foreclosure action. The Court distinguished its holding from two decisions the borrower relied on: Johnson v. Samson.
Mortgage applications surge on low interest rates Home price increases speed up in third quarter, hit new peak Upbeat buyers push prices higher: Clear Capital Before you break out the party hats, note that this doesn’t mean prices across the nation are poised to rebound anytime soon. Alex Villacorta, director of research and analytics at clear capital..congress debates potential janet yellen nomination First american: mortgage rates champion growth in potential existing home sales JPMorgan settlement hurts mortgages: BlackRock update 2-jpmorgan chase agrees to pay $4.5 bln on mortgage security claims – The settlement does not include trusts issued by Washington Mutual, which JPMorgan also acquired. the expense of “this and any remaining” mortgage securities litigation. The 21 investors include.First American: Mortgage rates champion growth in potential existing home sales posted on May 20, 2019 by admin in News In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model.Congress debates potential Janet Yellen nomination – Janet Yellen, a potential nominee to lead the Federal Reserve, should have less difficulty getting confirmed by the Senate when compared to Larry Summers, who is now out of the running. But the.JPMorgan’s Dimon threatens to quit FHA loans Mortgage applications surge on refinancing boom The mortgage bankers association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 15.5 percent in the week ended.American’s Asleep At the Wheel Driving Into Debt Slavery – Various other Federal government controlled bureaucracies (Fannie Mae, Freddie Mac, FHA. Street bankers (Dimon, Blankfein), corporate CEOs (Immelt), and mass media titans (Murdoch)? These people.Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site zillow reported. prices were up 2.1% from the first quarter.Another roller-coaster interest rate ride. does not show how low rates got on certain days last week, with some lenders quoting as low as 3.625 percent. While the weekly jump is significant,Report: FHA should lower loan limits Count Carol Galante among the growing chorus of housing experts who believe the federally backed reverse mortgage program should be separate. of other suggestions for FHA reforms, including capping.2017 HW Tech100 Winner: SS&C The lull in mortgage lending in 2014 A report from the dallas morning news in Texas. “The slowdown in Dallas-Fort Worth’s housing market may be worse than at first glance. Sales of preowned single-family homes dropped 1 percent annually in August in all of North Texas, according to the latest numbers from the. · rancho santa margarita, Calif., April 11, 2017 – Quandis, Inc., a leading default management mortgage technology provider, announced that it has been named a top 100 mortgage technology provider by HousingWire for 2017. The annual HW TECH100 list honors the most innovative and progressive technology firms in the U.S. housing economy.
In another portion of its decision, the Eighth Circuit upheld the dismissal of allegations that law firm Wilford. case number 12-1398, in the U.S. Court of Appeals for the Eighth Circuit..
Bank of America set to write down principal on California mortgages One quick way to check and see if your mortgage may be FHA-insured is to look at page 2 of your monthly loan statement.On the right side of the document under "Loan Type and Term", you’ll see the length of the term and the type of loan that our system shows you may have.
Law360, New York (January 15, 2013, 6:03 PM EST) — The Eighth Circuit on Tuesday upheld a lower court’s dismissal of a Missouri couple’s suit claiming Wells Fargo. Inc., case number 11-3751, in.
The Court of Appeal of the State of California Second Appellate District affirmed a trial court’s order dismissing a wrongful foreclosure lawsuit against MERSCORP Holdings. In Matlock v. J.P. Morgan Chase Bank , N.A., et al., the plaintiffs had taken out a mortgage loan secured by a deed of trust that named Mortgage Electronic Registration Systems as the beneficiary as nominee for the original lender.
Massachusetts Court of Appeals upholds MERS rights. By Ben Lane | Housing Wire. Rules mortgage assignment was valid. MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.