A lawsuit has been commenced in Las Vegas against Greg Martel and MMAC which could put the Vegas Property in jeopardy. The Receiver wishes to move as quickly as it can to pursue the Vegas Property on behalf of the Investors but requires the necessary funding. Applications to the US Courts ...
Four Arkansans face lawsuit over failed mortgage company: investors pumped in more than $10 million before Colorado Venture went bankrupt.Friedman, Mark
either working form themselves or under another broker. In the mortgage industry, broker usually refers to a company or individual that does not lend the money for the loans themselves, but broker loans to larger lenders or investors. (See...
Romspen Investment Corporation: An Unsavory Lender-[2025-02-05]- Romspen Investment Corporation: An Unsavory Lender Who Screws Investors And Borrowers Romspen Lawsuits Expose Possible Fraud By Romspen Management-[2025-02-05]- Romspen Lawsuits Expose Possible Fraud Committed By Romspen Management. Wi...
Noun1.mortgage-backed security- a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government ...
our investigation has focused on protecting the residential and commercial financing industry,” said Gary Loeffert, Special Agent-in-Charge of the FBI’s Buffalo Division. “With Kevin Morgan’s plea today, we have advanced our efforts to safeguard the tens of thousands of investors who own mo...
a $5 billion lawsuit against McGraw Hill’s Standard & Poor’s unit. Filed in Los Angeles, the lawsuit claims the credit rating agency schemed to defraud investors in mortgage-backed securities that collapsed in the financial crisis. Standard & Poor’s has said the lawsuit is “meritless.”...
("GAAP") can be properly construed as the "price" of the securities, and that declining GAAP "values" (which have resulted in write- downs on the books of MBS investors) reflect the type of "loss" necessary to support securities claims, with the only remaining question being how to ...
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Flagstar Financial, Inc. (NYSE: FLG); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel Eagle Bancorp, Inc. Announces Extension of Regist...
form, and each such document or instrument is in a form generally acceptable to prudent mortgage lenders that regularly originate or purchase mortgage loans comparable to the Mortgage Loans for sale to prudent investors in the secondary market that invest in mortgage loans such as the Mortgage ...