Bloomberg: Blackstone rental home bonds have highest LTV Police arrest fugitive Southlake title company owner You are the owner of this article.. Police arrested a man who allegedly knocked on residents’ doors claiming to be an ATF agent or a cop.. usms arrest ATF most wanted fugitive in Montana.Investors show concern over Blackstone home-rental bond. The credit performance of loans is correlated to the capital that the sponsor, Blackstone, has at risk, and investors would have preferred that the sponsor had more equity at risk. Blackstone has between 5% to 10% equity in the deal, Kroll told IFR, although Blackstone would argue that it has 25% equity, based on the 75% LTV number, analysts said.
How Bank of America’s Mortgage Write-Down Program Works. Nick.Timiraos@wsj.com Don’t call us, we’ll call you-that was the message on Wednesday from Bank of America executives who announced the bank’s new effort to modify mortgages by cutting loan balances. Under the program, Bank of America will reduce certain loans by up to 30% in order.
Before we dive into the different types of mortgages that are available, will quickly cover some basic terminology that is used when discussing mortgages. Mortgage Lender – This is the bank. our.
Read the latest real estate news, find homes for sale, and get advice from leading real estate experts for homebuyers, homeowners and sellers.
In January of this year, The Wall Street Journal revealed that McKeon was among the group of politicians and congressional staff to receive “VIP” mortgages from Countrywide, the troubled subprime.
Sterne Agee lowers and suspends estimates on Ocwen’s debt refi Ocwen’s servicer ratings downgraded.again · The issuer rating and senior unsecured rating of Denmark-based shipping major A.P. Møller-Mærsk were downgraded to Baa3 from Baa2, according to rating agency Moody’s. The company’s medium-term note (mtn) program rating were also downgraded to (P)Baa3 from (P)Baa2. The rating outlook for all ratings is stable, Moody’s added.Detroit housing market remains mystery after bankruptcy Detroit’s bankruptcy process could take a year or more. But development experts who focus on the great lakes region say the city and the nation must get smart about its medium-term future now.
or "cram-down," as part of your bankruptcy. This applies only to investment properties, not your primary residence. Your lender must comply with the court order. Pay a lump sum toward your principal.
Dimont announces sweeping senior management changes DIMONT Showcases Recently released loss drafts Service, Offering Enhanced Collateral Protection to Servicers and High Touch Portal Tracking for Borrowers. Founded in 1996, DIMONT is a leading provider of technology-enabled solutions in specialty insurance claims processing and collateral loss mitigation management for mortgage and auto lenders, servicers and investors in the United States.
Bank of America has begun writing down principal on the mortgages of some troubled borrowers in California through a state program intended to help people facing foreclosure. The bank has signed on to the principal reduction component of the Keep Your home california program, which uses federal funds reserved for the 2008 rescue of the financial system to help homeowners behind on their mortgages.
You might also check with Bank of America as I read that if the debt forgiven was taxable to you (non extension of mortgage debt relief act) that per last years settlement that Bank of America would provide tax assistance per their agreement. I read the actual settlement agreement and the language for this is in there. I hope this can help you.
Bank of America to Write Off Principal on Some Mortgages Bank of America (BofA) will forgive up to 30 percent of the balance owed on certain at-risk mortgages as part of its loan modification efforts to assist homeowners in avoiding foreclosure, the bank has announced.
Bank of America provides multiple loan options, high-tech customer service and a step-by-step walk-through of the underwriting process as it works to make getting a mortgage easier, says John.
Court to CFPB: Freeze that $109.2M penalty for PHH Mortgage · Client Alert Public Policy Pillsbury Winthrop Shaw Pittman LLP pillsburylaw.com | 1 October 19, 2016 PHH v. CFPB, Part I: President of Consumer Finance No More CFPB’s Single-Director Structure.