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Gilroy v. Ameriquest Mortgage Co. (Predatory Lending)
Gilroy v. Ameriquest Mortgage Co., No. 07-cv-074-JD (D.N.H. 07/23/2007)
[1]
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW HAMPSHIRE
[2]
Civil No. 07-cv-074-JD
[3]
2007.DNH.0000541
[4]
July 23, 2007
[5]
ROSEMARY A. GILROY
v.
AMERIQUEST MORTGAGE COMPANY, ET AL.*FN1
[6]
The opinion of the court was delivered by: James R. Muirhead United States Magistrate Judge
[7]
ORDER
[8]
Pro se plaintiff Rosemary A. Gilroy brings this diversity action against Ameriquest Mortgage [...]
More Banks Seized
Federal regulators seized three banks last night, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the pace of failures is increasing.
The Federal Deposit Insurance Corp., which took control of [...]
How to qualify for a loan modification
Which homeowners qualify for LOAN MODIFICATION and how can you improve your chances of success? While each lender has their own unique guidelines for acceptance, there are some general requirements that borrowers must meet if they hope to get their loan modified to a new, lower monthly payment. Knowing this information ahead [...]
Read Full Post | Make a Comment ( None so far )More Banks Seized
Federal regulators seized three banks last night, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the pace of failures is increasing.
The Federal Deposit Insurance Corp., which took control of the banks, said holders [...]
The Negotiation and Assignment of The Promissory Note
Below is a rather typical process wherein a promissory note is NEGOTIATED and the mortgage ASSIGNED.
Step 0 – Delivery of the Promissory Note to Corresonding Institution
[This step may be OMITTED in the instance that a mortgage is originated by the primary mortgage servicer actually funding the loan at the table]
The mortgage loan is closed in [...]
Benefits of Loan Modification
If you’ve fallen behind in your house payments and you are worried about a possible foreclosure – there may be an answer.
If you can currently make your regular payment, but you can’t catch up with the past-due amount – you might be able to negotiate with your lender to fold any past-due amounts, including interest [...]
Expect Two More ‘Waves’ of U.S. Foreclosures
While the U.S is currently in the midst of the largest bout of home foreclosures in at least 30 years, at least one economist says two more ‘waves’ are likely on the way.
Patrick Newport, a housing economist at Global Insight, said the next round of foreclosures could come over the next several months as a [...]
Maryland program to stave off foreclosures
Homeowners fearful of losing their homes because of looming defaults and foreclosures could get help through a new state initiative.
Called Homeowners Preserving Equity, the HOPE program offers a commitment of $100 million in private capital to help about 500 homeowners to refinance and switch adjustable-rate mortgages to fixed-rate mortgages.
The state also plans to use $10 [...]
