Not exact matches
For example, a
company may take your money and on - lend it to
others, taking a
mortgage over the borrower's property.
The preferential debt status of employees means that in the insolvency, if there is any money at all left
over after paying holders of fixed charges (such as
mortgage companies or
other secure creditors) and their preferential debt, employees are entitled to another slice of what they are owed.
That means someone used a victim's information to generate fraudulent residence history, income documentation, and piles of
other paperwork that could be produced to the
mortgage company over a period of weeks or months, and then went to closing and signed the victim's name on a deed, a
mortgage, and about a hundred
other documents.
Potential impact: National banks and their operating subsidiaries could gain a competitive advantage
over state - chartered banks and
other entities, including
mortgage finance
companies owned by real estate brokers, which must continue to meet state licensing and
other lender - related requirements.
The
company's combined data from public, contributory and proprietary sources includes
over 4.5 billion records spanning more than 50 years, providing detailed coverage of property,
mortgages and
other encumbrances, consumer credit, tenancy, location, CoreLogic ® to Integrate Centralized Showing Service with Matrix ™ Page 2 hazard risk and related performance information.
It has
over 3,000 member
companies, representing all elements of real estate finance:
mortgage companies,
mortgage brokers, commercial banks, thrifts, life insurance
companies and
others in the
mortgage lending field.
The
company's combined data from public, contributory and proprietary sources includes
over 4.5 billion records spanning more than 50 years, providing detailed coverage of property,
mortgages and
other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information.
The Bureau received
over 2,800 comments on the TILA - RESPA proposal during the comment period from, among
others, consumer advocacy groups; national, State, and regional industry trade associations; banks; community banks; credit unions; financial
companies;
mortgage brokers; title insurance underwriters; title insurance agents and
companies; settlement agents; escrow agents; law firms; document software
companies; loan origination software
companies; appraisal management
companies; appraisers; State housing finance authorities, counseling associations, and intermediaries; State attorneys general; associations of State financial services regulators; State bar associations; government sponsored enterprises (GSEs); a member of the U.S. Congress; the Committee on Small Business of the U.S. House of Representatives; Federal agencies, including the staff of the Bureau of Consumer Protection, the Bureau of Economics, and the Office of Policy Planning of the Federal Trade Commission (FTC staff), and the Office of Advocacy of the Small Business Administration (SBA); and individual consumers and academics.