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Banks Push Fed to Curb Borrowers’ Right to Rescind Mortgages Based on Flawed Documents by Carter Dougherty, Bloomberg, December 16, 2010 Mortgage firms are pressing the Federal Reserve to curb homeowners’ right to invalidate loans based on flawed documents– a right consumer groups say is one of the few weapons borrowers have to battle unfair lending.
The complaint alleges, among other things, that the Defendants: engaged in bad faith as to home mortgage loan modification negotiations; led mortgagors to reasonably believe and rely on Defendants’ representations that they would permanently modify their mortgage loans upon successful completion of "Repayment Agreements" or other trial programs; charged unreasonable, unlawful, or excessive fees;.
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A Credible analysis of more than 91,000 graduate degree holders with student loans found significant debt and income differences across 16 graduate degree majors. dentists, optometrists, and veterinarians tend to have student loan debt that’s the most out of balance with their earnings soon after graduation.
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That reflected an aggressive rate-cutting effort by the Federal Reserve to try to keep the country out of a recession. Sales should also be helped in coming months, Yun predicted, by the reappearance of more mortgage products as lenders reopen the tap for certain loans.
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But H.R. 2526/S. 1312, the U.S. Territorial Relief Act of 2019, would wipe out Puerto Rico’s debt and compensate debt-holders up to $15 billion — even the hedge funds that swooped in like vultures, though they’d have to waive manager’s fees, and I bet some of them find.