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MMA on the News Accelerated mortgage payoff

See for more info. MMA Accelerated Mortgage Pay Off In 8 to 11years News Video. Pay Off your Mortgage in as little as 8 to 11 years ...

Do You Think You Understand a Statute of Limitations? Think Again!

Statutes of limitations are devious creatures. You may look at one and remember "six months" or "two years," but the amount of time is not the only important part. Equally important is when the time starts running. "Within two years after the maturity of the debt" is very different from "within two years after the most recent payment." These statutes are often ambiguous, leaving courts to fill in the blanks, as one mortgage holder recently learned first-hand in Indiana.

Alkhemer Alialy took out a mortgage from GMAC Mortgage LLC in June 2007. Alialy stopped paying after July 28, 2008. GMAC assigned the loan to Collins Asset Group. Alialy did not make a payment to Collins. Collins accelerated on October 24, 2016, and sued to foreclose in Indiana Superior Court. Alialy moved to dismiss for failure to state a claim. Alialy argued that Collins's lawsuit was outside the six-year limitations period for a suit on a promissory note under Ind. Code Ann. § 34-11-2-9. The trial court granted Alialy's motion. Collins appealed to the Indiana Court of Appeals.

CoreLogic's 4Q earnings hurt by restructuring charge

In December, CoreLogic announced it was exiting the loan origination software and default management businesses over the following 24 months and instead would concentrate on the appraisal management company unit.

CoreLogic's fourth-quarter revenue decline of 11% to $403 million was a result of the decline in origination volume and lower AMC revenue.

"CoreLogic continued to successfully execute against its long-term strategic plan in 2018 despite significant U.S. mortgage market headwinds," President and CEO Frank Martell said in a press release. "We also reduced our costs significantly and drove productivity. In addition, we continued to scale our core operations, expanded our international and insurance business, accelerated the transformation of our AMC and initiated the exit of certain noncore legacy units."

"Throughout 2018, we reinvested in our business with a focus on building our core capabilities in data and technology, which we expect will be a foundation for future growth and margin expansion," Martell added.

does anyone know how a accelerated home loan mortgage work?

Instead of making a payment monthly, some plans will set it up to pull 1/2 of your payment every other week.