o A borrower colluded with a mortgage broker to use the borrower’s property as collateral for numerous home equity lines of credit (HELOCs) at different financial institutions. The scheme was executed by closing on multiple HELOCs in a short period of time to take advantage of the delay in recording the mortgages.
(1) An assignment of a mortgage upon real property or of any interest therein, is not good or effectual in law or equity, against creditors or subsequent purchasers, for a valuable consideration, and without notice, unless the assignment is contained in a document that, in its title, indicates an assignment of mortgage and is recorded according to law.
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Here is a full transcript of the Republican address to the nation. students rely on, like online courses or degree programs that give you credit for work experience. When I finished school, I owed.
Most homeowners don’t know a lot about private mortgage insurance law and the way it relates to their personal home mortgages. However, it is something that every homeowner should take the time to learn a little about; laws related to private mortgage insurance are in place to protect consumers and make them aware of their rights under the law.
"Self-reporting" Utility Accts. on Credit History . 07/14/2019. credit bureaus are now allowing consumers to "self-report" utility accounts on their credit histories.
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WHAT LEVEL OF FIDUCIARY DUTY SHOULD MORTGAGE BROKERS OWE THEIR BORROWERS? I. INTRODUCTION The majority of borrowers purchasing or refinancing a home today obtain their mortgage loans through a mortgage broker.’ Within the last decade,2 mortgage brokers have surpassed the traditional mortgage lenders3 as the
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Florida May Require Note Sellers To Be Licensed As Lenders – Urge Governor To Veto. The Florida legislature kicked off its legislative session by introducing Florida Senate Bill 894 and House Bill 935, legislation that could cover private mortgage lenders. The bills, introduced by Sen. Rene Garcia (R-Miami) and Rep.
Although it’s highly doubtful that former President Barack Obama ordered Trump Tower’s phones tapped, the feds are reportedly looking into the Trump campaign’s contacts with Russian government agents,