Skip to main content

John Magness joins Old Republic National Title Insurance Company

National Mortgage Professional
Feb 03, 2009

House Panel approves bill allowing cramdowns for mortgagesMortgagePress.comHouse of Representatives, HR 200, Helping Families Save Their Homes in Bankruptcy Act of 2009 A U.S. House of Representatives panel has reportedly approved HR 200, the "Helping Families Save Their Homes in Bankruptcy Act of 2009." The bill, among other things, would: • Allow bankruptcy judges to reduce ("cramdown") the principal balance for certain mortgages, and • Require a bankruptcy court to disallow a claim that is subject to any remedy for damages or rescission due to violations of, among other laws, the Truth in Lending Act, notwithstanding a prior entry of a foreclosure judgment. Thus far, a cramdown provision has not been included in the omnibus HR 1, "The American Recovery and Reinvestment Act of 2009," which the U.S. House of Representatives passed on Jan. 28. For full text of HR 200, click here.
Published
Feb 03, 2009
PenFed CU Sees Record Annual Mortgage Lending Volume

PenFed Credit Union announced it's financial highlights from 2021 which includes record annual mortgage lending volume.

Industry News
Jan 21, 2022
Angel Oak Lending Platform Reveals Record-Setting 2021

Last year was a record-setting year for many companies in the mortgage lending space, especially for the Angel Oak lending platform that consists of Angel Oak Mortgage Solutions and Angel Oak Home Loans.

Non-QM
Jan 21, 2022
What Are The Biggest Deal-Breakers For Homebuyers?

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

Analysis and Data
Jan 20, 2022
Popular Bank Names National Director Of Residential Lending

Popular Bank named Adam Dejak as its national director of residential lending for Popular Mortgage.

Industry News
Jan 20, 2022
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022