A lot of us will be very familiar with the Code of Practice on the Transfer of Mortgages as prescribed by the Central Bank of Ireland, the so-called “Regulator” of Banking and Banks in Ireland, we are all too familiar with the response from Banks when they are challenged on this Code, ” that Code […]
Following on from my last post, I would like to poses a number of questions, I shall follow-up with another post giving my answers to those same questions but, it is your replies I am interested in… 1. If the Bank has performed a True Sale of the mortgages in a Securitisation, why then is […]
BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight Foreclosures–First Domino Falls – Mandelman Matters
BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight Foreclosures–First Domino Falls – Mandelman Matters. Newark, New Jersey has become the first city in the country to officially approve a controversial plan that uses eminent domain to fight foreclosures and neighborhood blight.
The following are transcripts from “Taking on the Banks” by Thomas Anderson Book IV Generally Accepted Accounting Principles Banks are required to adhere to Generally Accepted Accounting Principles (GAAP). GAAP follows an accounting convention that lies at the heart of the double-entry bookkeeping system called the Matching Principle. This principle works as follows: When a […]
The Master of the High Court, Edmund Honohan, made the comments as he said mortgage holders must be prepared to fight for their rights in the courts amid any moves to alter loan arrangements. In an interview with the Irish Examiner, he addressed the sale of over 13,000 Irish Nationwide home mortgages which will be completed […]