(60) This position is sound, as residential mortgagees are systematically better situated than residential
mortgagors to carry out this responsibility.
Notice that this is equivalent to assuming that the
mortgagor minimizes the value of his standing mortgage position.
Pool prepayment burnout (which is not explicitly addressed in either model) represents the existence of abnormally low prepayment rates on high coupon pools that occur after lower interest rates (existing for a substantial period of time since the mortgages in the pools had been created) have enabled most of the fast prepayers in the pool to already refinan ce (leaving only
mortgagors in the pool who prepay either slowly or not at all).
The ARMs auditor typically will negotiate with the lender to obtain retroactive credit for any overcharges made to the
mortgagor's account over the life of the loan.
Germain Act,(2) including its universal due-on-sale" clause(3) in residential mortgage instruments, most opportunities a low-cost
mortgagor had to market his or her property assets at a profit were eliminated: the low-cost mortgage had lost its trade-in option, and with it, the market had lost its symmetry.(4)
The courts have long held all three taxpayer actions constitute sales or exchanges under the Internal Revenue Code and thus are taxable events to the
mortgagor.
As previously discussed, the percentage of troubled
mortgagors who are accepted into HUD's assignment program is relatively low.
The laws in others, in an attempt to provide greater protection to the
mortgagor, cause the process to be more lengthy and costly.
It is beyond question that a writ of preliminary injunction is issued to prevent an extrajudicial foreclosure, upon a clear showing of a violation of the
mortgagors unmistakable right.
One of the interpretative issues in HAMP is whether
mortgagors should be permitted to bring state law claims against lenders and loan servicers for actions relating to HAMP, a federal program.
During a joint session of the House interior affairs and finance committees on Monday, the same parties vowed to continue blocking foreclosures until such time as a safety net for borrowers and
mortgagors, the so-called insolvency framework -- a set of laws governing bankruptcy -- has been enacted.
Increasing benefit generosity has the potential to distort all recipients' job searches, even though it reduces foreclosure risk only among the roughly half of recipients who are
mortgagors. More-targeted policies that could direct additional cash assistance to unemployed
mortgagors include the Hardest Hit Fund and similar programs proposed by housing economists.
