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.Monday Morning Cup of Coffee: Fannie, Freddie investors speak out This housing chart might scare the pants off you Freddie delinquency rate down to lowest level in nearly 3 years 2018 HW Tech100 Winners: Bestborn Business Solutions Monday Morning Cup of Coffee: Goldman Sachs economist predicts greater housing gains mark wadsworth: lock ’em up.
Here is what you need to know. Friday is jobs day.. Fitch maintained its negative outlook.. You’ll start to see prices go up during back-to-school shopping: AAFA CEO. Yahoo Finance.
Ala. court says alleged problems with securitization aren’t a borrower concern A) the lender’s relative lack of information about the borrower’s potential returns and risks of his investment activities. B) the lender’s inability to legally require sufficient collateral to cover a 100% loss if the borrower defaults. C) the borrower’s lack of incentive to seek a loan for highly risky investments.
It’s an $858 billion, 2-year pop to the deficit, mostly from the tax cuts not expiring. You want tax cuts? Then cut spending. Make the Pentagon war machine your first target.The deficit is completely out of control, the national debt just hit $14 trillion, and borrowing costs are headed higher.
However, the spike in home prices has increased loan sizes, and this new supply is spilling over into the jumbo market, specifically into the jumbo ARM market, noted analysts. "I don’t think that new home sales are considerable enough to influence the supply numbers," said an MBS analyst.