Accelerating Loan Modifications, Improving Foreclosure Prevention, and Enhancing Enforcement: Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, First Session, December 6, 2007, Volume 4 |
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Page 9
... creditors , assignees , servicers , securitizers , or other holders of resi- dential mortgage loans while loan modifications or workout plans were under way . I worried that lawsuits would stall or stop modi- fications . While this ...
... creditors , assignees , servicers , securitizers , or other holders of resi- dential mortgage loans while loan modifications or workout plans were under way . I worried that lawsuits would stall or stop modi- fications . While this ...
Page 20
... creditors who engage in unfair or unscrupulous lending practices . In addition , I will briefly discuss the FDIC alternative to H.R. 4178 in the California agreement between the State and several large servicers . These subjects are ...
... creditors who engage in unfair or unscrupulous lending practices . In addition , I will briefly discuss the FDIC alternative to H.R. 4178 in the California agreement between the State and several large servicers . These subjects are ...
Page 21
... creditors who abuse bor- rowers by failing to abide by certain minimum standards such as determination of an ability to repay or determination of net tan- gible benefit to the borrower , in the case of a refinancing . The lan- guage ...
... creditors who abuse bor- rowers by failing to abide by certain minimum standards such as determination of an ability to repay or determination of net tan- gible benefit to the borrower , in the case of a refinancing . The lan- guage ...
Page 23
... creditors , or signees , servicers , securitizers and other holders of residential mortgage loans in connection with loan ... creditor , a signee , or securitizer for engaging in a pattern or practice of originating , assigning or ...
... creditors , or signees , servicers , securitizers and other holders of residential mortgage loans in connection with loan ... creditor , a signee , or securitizer for engaging in a pattern or practice of originating , assigning or ...
Page 63
... dollars plus at least $ 25,000 per loan on any creditor , assignee , or securitizer that exhibits a pattern and practice of making , buying , and securitizing loans without regard to a consumer's ability to repay the loan or a 63.
... dollars plus at least $ 25,000 per loan on any creditor , assignee , or securitizer that exhibits a pattern and practice of making , buying , and securitizing loans without regard to a consumer's ability to repay the loan or a 63.
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Common terms and phrases
ability to repay adjustable rate mortgages AFL-CIO amendment American Securitization Forum approach assignees avoid foreclosure BAIR believe bill CALHOUN Chairman Frank consumer contract counseling credit scores creditor crisis default delinquent economic efforts enforcement FDIC Federal Reserve federally-insured credit union FICO score Foreclosure Prevention going HOEPA homeowners homeownership HOPE NOW Alliance house prices housing market hybrid ARMs impact increase industry interest rate investors issues KANJORSKI large numbers legislation lenders liability loan modifications loss mitigation million modify loans mortgage market mortgage servicing mortgage-backed securities NCUA net present value options participants pattern and practice pattern or practice payment shock percent predatory lending prepayment penalties problems proposal protection rate reset real estate refinance refinancing regulators residential mortgage loans restructuring risk safe harbor SCHWARTZ secondary market significant solutions standards starter rate subprime ARM subprime borrowers subprime loans subprime mortgage testimony Thank Treasury underwriting violation workout plans