The language in this story is very interesting. The company admits that some of the questionable loans "should have been self reported." https://plus.google.com/u/0/103040637929934537692
The language in this story is very interesting. The company admits that some of the questionable loans "should have been self reported". Further, it is interesting to note that the story reports that the company "misled the government into insuring hundreds of risky mortgages, causing substantial losses" On the other hand, wasn't one of the causes cited for the financial crisis the revelation that the government was in fact, not "behind" these bad loans? For more, check out my blog: http://www.franksanpietro.com/quick-post-on-unfolding-mortgage-settlements/
As I had noted in my Google + post, it’s fascinating to note that a work written some 2,060 years ago would have relevance to our present society. This passage was written by Cicero, in app. 44 BCE. It is from the third book of De Officiis, ( On Duties) and considers the ethical implications of two parties to a trade (merchant and buyer) when one of those parties is differentially informed. Visit my blog to see how this applies to our day and age: http://www.franksanpietro.com/ancient-philosophers-predicted-goldman-sachs-mortgage-fine/
Ability to close loans in your own name. Better execution price -- correspondent vs. broker ... Warehouse Spread = the difference between the Interest Earned on ...
Establishment of mortgage companies in the the 1800's to finance land purchases ... Secondary market profit -- selling the mortgage obligation at a price higher ...
Issues Mortgage backed securities which are fully modified pass throughs ... Sells mortgage backed securities and channels the funds to lenders by buying mortgages. ...
This Post is the second of two which examine the interplay of asymmetric information and perceived/actual ethical obligations. To see both original posts, check out my blog:http://www.franksanpietro.com/more-on-ancient-philosophy-and-goldman-sachs-mortgage-settlement/
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A mortgage is a loan used for real estate. They're available via banks, credit unions, and online lenders. Hundreds of billions of dollars worth of mortgage loans are given each year. But, mortgages aren't one-size-fits-all. Mortgages can be customized. For example, you can choose the number of years in your loan (i.e. term); you can choose the nature of your interest rate (i.e. fixed-rate or adjustable-rate); and, you can even choose what you pay in mortgage closing costs. Your needs as a homeowner today, though, may be different from your needs tomorrow. In the future, you may not like mortgage terms you created for yourself.
ram mortgage presents study material for the mortgage loan originator (mlo) test mortgage loan brokers---are real estate professionals acting as the intermediary ...
Mortgage Fraud & The Appraiser Presented By: Douglas G. Winner Certified General Real Estate Appraiser AQB Standards Instructor NC Instructor of Real Estate And Appraisal
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As a short-term interest-only loan taken out with the available equity in your property, a second mortgage is typically only offered by private lenders, and unfortunately, their rates are higher than those you’d see for first mortgages at a bank. Default on your second mortgage, and you could experience foreclosure of your home, or even face a lawsuit; the consequences can be devastating, but seeking help from a reputable, local broker can help you negotiate a settlement.
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... REVERSE MORTGAGE (continued) There are no income ... No monthly payments are due on a reverse mortgage while it is outstanding. ... Appraisal Fee-$300 to $400 ...
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It’s important for borrowers to stay educated about the moral issues emerging in the hard money sector of the mortgage industry. Cory Ruppersberger aggregated a list of some key consideration that MUST be made before choosing the right type of mortgage loan. For more details :- http://coryruppersberger.com/
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When a Mortgage Company Goes Into Bankruptcy Robert Franke and Allan Wisk Strasburger & Price, LLP General Comments on Mortgage Companies in Distress 1.
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As the name suggests, second mortgage is actually another mortgage on the property when you have already taken a primary mortgage. You may secure it against the same equity like with first mortgage. It depends on the existing value of the property and amount still owed. One can acquire it from a different lender.
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Advocate of regulatory information exchange. Represents state mortgage regulators ... Neil Milner, Secretary (non-voting) Bill Matthews, SRR CEO (non-voting) ...
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