RT @: Spears et al v WAMU The judge certified a class of all consumers nationwide who received home loans
Spears et al v WAMU The judge certified a class of all consumers nationwide who received home loanswamu home loans, washington mutual ,Loans in news - LOANSinNEWS.com news.
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wamu home loans FAQ
Your home loan would get bought up by another bank. For instance, Bank of America would buy it from WaMu. Often at a discount, but that has no roll down effects to you. They'll contact you and tell you the loan has been sold and where to send your
Nothing. The loan continues in existence. It will probably be transferred to another lender.
YUP! Why get it from the seller when you can probably contact one of the city/county non-profit organizations who can probably give you just as much. The only catch (in Ohio where I sell homes) is that you have to live in the house for 5 years or you
YUP! Why get it from the seller when you can probably contact one of the city/county non-profit organizations who can probably give you just as much. The only catch (in Ohio where I sell homes) is that you have to live in the house for 5 years or you
Of course not. Outstanding mortgage loans will be purchased from any WAMU problem, and will continue unchanged, save for the address to which you send your payments.
They are not looking at your D/I. They are looking at your housing ratio. Modifications aren't generally given in regard to other bills, but to your total p & i payment, any escrow, home owners assoc. fees, etc; compared with your gross income.
wamu home loans news
Two Wall Street Biggies Sued
On Wednesday, Bank of America Corporation ( BAC ) along with U.S. Bancorp ( USB ) was sued by a Chicago pension fund. The complaint lodged claims that these two Wall Street Giants refrained from their duties on regular basis as the trustees for mortgage-backed bonds of Washington Mutual Inc.
Chicago-based the Policemen’s Annuity and Benefit Fund alleged that BofA and U.S. Bancorp failed in their roles and did not accurately administer 41 Washington Mutual trusts backed by home loans. Due to the ignorance of these banks, the investors suffered huge losses. U.S. Bancorp succeeded BofA as trustee for these mortgage bonds.
Source: Zacks.com
