In July 2007, CitiMortgage contacted LBHI and demanded it repurchase the second mortgage
after CitiMortgage discovered a misrepresentation of the owners' debt.
The idea of a second mortgage
fund came from the Funder/Investor Study sponsored by the Stamford Partnership in 2003.
CapWest to fund and service fixed second mortgages
& HELOCs for all TPO channels
Citigroup, Inc (NYSE: C) has announced that it would join the US government's second mortgage
SAN FRANCISCO-BASED LOANPERFORMANCE, a subsidiary of First American Real Estate Solutions LP (RES[R]), Anaheim, California, has introduced Second-Look[TM], a service that uncovers the existence of second mortgages
added after origination.
He said five other Lancaster investors gave McCray $7,300 to appraise land at the mall for a purported hotel, but the check was instead used to pay off Peel's second mortgage
on her home, Campbell said.
Remember, a good lender, once he or she understands your financial situation, should be able to present several scenarios, which include getting a second mortgage
, refinancing the first mortgage, getting an adjustable rate loan or simply cashing out the equity in your home.
A city commission has decided to punish the "tin men" who steal the equity in people's homes through shoddy work and overpriced second mortgages
If a customer needs a second mortgage
and they do not have good credit, we are the only lender in town that can help.
Debtor seeks to void the second mortgage
in his Chapter 13 plan.
With strong initial response from customers, Mesa is able to challenge and remove liens or other encumbrances against an individual which in many cases includes the removal of a second mortgage
The programme would allow all customers of Wells Fargo or Wachovia who have already modified their first mortgage through the Home Affordable Modification Programme to also modify their second mortgage
2 million first mortgage and a $100,000 line of credit for a 30-unit co-op located at 114 Morningside Drive in Manhattan; a $1 million line of credit and a $900,000 second mortgage
for a 95-unit co-op located at 3755 Henry Hudson Parkway in Riverdale, N.
What's happening is that home purchases are increasingly being made using a first and second mortgage
for a ``combo'' loan.
The 30-year-term first mortgage is fully amortized and the second mortgage
is zero interest, no payment and fully forgivable after 10 years of occupancy in the home (subject to repayment to the trust if the borrower sells the property and a qualified buyer does not assume the loan or if the borrower voluntarily refin ances it).