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  • The Crackberrys are coming to Real Estate by a Storm! (13)
    • Greg Russell: Jim, We will be supporting the Storm with our eKEY software. Because it does have a different user interface from other BlackBerry devices, it may take a...
  • Two Flaws with the new Good Faith Estimate (8)
    • Bela: I’m sure we can all get used to the new form, but I’m not sure it does anything to address the problem of borrowers taking loans they don’t...
    • ARDELL: For as far back as I can remember, my clients have enjoyed seeing the info on a mock HUD 1 before they make an offer. This way what they see at the end matches...
    • Jeff: I won’t use the current GFE too….I use Calyx Point….I’ll just create a customized doc that with do the same thing as the bottom section...
    • Rhonda Porter: Jeff, I forgot to thank you for pointing out the payment is under “summary of your loan” however, as you mention, it does not break out...
  • Nana needs a booster seat by tomorrow night (14)
    • ARDELL: tj, It’s been so long since I’ve had child safety seats in my life. My sister who lives here is gay, and while she’s a genius at many things,...
    • tj: And to be sure there is no misunderstanding in such an important matter, the tip applies when you attach a seat that has it’s own harness using the...
    • tj: That should be “I’m sure mom already knows”, i.e your daughter.
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    • JM: The 10% increase only comes into play if you “identify” the service provider. HUD wants to give the consumer control of the process, which is fine. The...
  • Predatory Upfront Loan Modification Fees (207)
    • Tanya: I have been a LO for several years. I didn’t put borrowers in homes they couldn’t afford. I didn’t charge prepayment penalities for my profit....

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Tag: corporate accountability

Countrywide facing shareholder lawsuit

Directors and officers of Countrywide Financial will have to defend themselves against “shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company’s collapse” per the New York Times tonight.
Rejecting the arguments of Countrywide executives and directors that they were unaware of lax loan operations that led to [...]

Posted: May 14th, 2008 under Corporate governance, Mortgage and Lending.
Tags: , ,
Comments: 7