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CFPB Nails Mortgage Lender for Illegal Referral Kickbacks
CFPB Nails Mortgage Lender for Illegal Referral Kickbacks The Consumer Financial Protection Bureau took action Thursday against a Missouri-based mortgage lender and its owner for funneling illegal kickbacks to a bank in exchange for real estate referrals. The agency is ordering the lender, Fidelity Mortgage 

Ohio Appellate Court Rejects Mortgage Servicing Class Action, Finds ...
Yesterday, the Eighth District Ohio Court of Appeals affirmed the dismissal of a putative class action raising claims against a noteholder, mortgage servicer, and law firm under Ohio's Consumer Sales Practices Act ("CSPA"). In Glazer v. Chase Home

Citigroup Inc (C): Judge allows expanded mortgage-bond class-action suits
U.S. District Judge Harold Baer has widened the scope of class-action litigation over the sale of over $34B in mortgage bonds. Investors can now join together to sue Citigroup (C), Goldman Sachs (GS) and UBS (UBS) over an estimated $11.9B worth of

NY Federal Court Allows RMBS Trustee Suit Against GE Mortgage To Proceed
On January 14, Judge Katherine B. Forrest of the United States District Court for the Southern District of New York denied a motion for judgment on the pleadings in an action brought by the Bank of New York Mellon as Trustee for GE-WMC Mortgage 

Call 12 for Action - mortgage consultants in hot water

Call 12 for Action - mortgage consultants in hot water

Mortgage Rates Restart the March Higher: Freddie Mac

The mortgage rate dip of last week is over, with the cost of borrowing to purchase a new home increasing in the week ending Thursday, March 22. Freddie Mac  announced  on Thursday that the mortgage rate on a 30-year fixed loan stands at 4.45%, which is up 0.01% from last week and up 0.22% from a year ago. The rate on a 15-year fixed-rate mortgage also inched higher for the week and is currently at 3.91%.

Freddie Mac said that the Federal Reserve's move to raise interest rates by a quarter of a percentage point puts the federal funds rate at its highest level since 2008. The move, which was largely expected, resulted in the yield on the benchmark 10-year Treasury soaring. "Following Treasurys, mortgage rates shrugged off last week's drop and continued their upward march. The U.S. weekly average 30-year fixed mortgage rate rose 1 basis point to 4.45% in this week's survey," the government-sponsored enterprise wrote in a press release announcing mortgage rates for the week.

Rural hospital closures force towns to take action .com

Harris could have taken the patient to the much closer 25-bed Pioneer Community Hospital of Patrick in Stuart, where she had been an employee before she retired. But the hospital filed for Chapter 11 bankruptcy and closed last year, leaving more than 100 people without a job and the roughly 19,000 residents in the surrounding community without a nearby emergency health facility.

Harris, 72, now spends most of her days responding to 911 calls. She said there are five other rescue squads in the Patrick County area addressing the unmet need in their community of emergency medical services, a broader trend in the U.S.

The Virginia Association of Volunteer Rescue Squads, a nonprofit organization in Roanoke for rescue squads statewide, has 18,000 dedicated members, according to its website, and is dedicated to providing pre-hospital care.

The rates of rural hospital closures are the highest seen in the last few decades, according to the North Carolina Rural Health Research Program, a group which tracks rural hospital closures throughout the United States. There has been a total of 83 hospital closures from January 2010 to January 2018 in rural areas across the United States, the NC RHRP's data showed.

How do I file a Quiet Title action on a securitized mortgage?

I have a mortgage that has been securitized through mers. It is in washington state. How do I file a Quiet Title action? Or also, how do I find a good attorney who will do so for a fair price?

Most attorneys are thoroughly ignorant about the problems with MERS and the impact on the title of properties that have been securitized by the Banksters.

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