Problem: 60% of loans are said to have been securitized. Meaning, the loan was transferred into a loan pool with 1,000's of other loans and sold to investors on Wall Street. Legal Issue: When someone wants to rescind their loan (and get their money back from the lender or loan assigneee, who do you go after?). Who do you name in the lawsuit. Answer: Generally speaking, the Trustee of the trust should be named in the TILA rescission lawsuit, as should any interim assignee of the loan, … (0 comments)
arizona loan modification: Some Important Rules for Arizona Mortgage Brokers.......Prohibited Acts under A.R.S. 6-909
- 09/23/08 08:08 PM
Here are a few FYI's for Arizona mortgage brokers. A.R.S. 6-909. Prohibited acts A. Except for employment verifications, verifications of mortgages and loans, and deposit or account verifications, a person, in connection with or incidental to the making of any mortgage loan, shall not induce, require or permit any document to be signed by a party to the transaction if such document contains any blank spaces to be filled in after it has been signed, except that the party may specifically authorize the licensee or the escrow agent handling the transaction, in writing, to complete certain blank spaces. B. … (1 comments)
WILL THE REAL ASSIGNEE OF THE LOAN PLEASE STEP FORWARD AND ACCEPT YOUR LIABILITY UNER TILA?
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