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497 Hooksett Rd. #105
 Manchester, NH 03104 
Phone: (603) 685 4301

In the News

Reform Needed to Mitigate Nonbank Lending Risk: Researchers

As nonbank lenders continue to grow their stake in the mortgage industry, researchers from the Harvard Kennedy School argue that regulatory reforms should come to lower the risk associated with these institutions.

Between 2012 and 2014, nonbank lending institutions magnified their market share to 48% from 27%, according to a study by Marshall Lux, a senior fellow at Kennedy's Mossavar-Rahmani Center for Business and Government and senior advisor at The Boston Consulting Group, and Robert Greene, a research assistant at the Mossavar-Rahmani Center. At the same time, these institutions' risk profile stands much higher than that of banks, in part because of nonbank lenders' reliance on Federal Housing Administration-insured loans.

...
 

HSBC to cut thousands of jobs globally:

An estimated 10,000 to 20,000 jobs will be cut, Sky News said, citing insiders. The exact number has yet to be finalised and will be announced next week, it added.

The job cuts will not impact HSBC's scale of operations in Brazil and Turkey, and will not take account of a possible eventual separation of HSBC's UK arm, Sky News said....

 

Middle Class Finds It Harder to Buy a Home in South Florida

It's getting harder for the middle class to buy a home in South Florida.

Buyers needed to earn $59,869 a year to afford a home that cost the median price of $269,100 in March in Broward, Palm Beach or Miami-Dade counties, the website HSH.com reported.

That's $1,438 more than three months before when the price of a median-priced home was $4,100 less, according the online publisher of mortgage industry data.

The figure includes principal, interest, taxes and insurance on a median-priced home. It assumes a 20 percent down payment and no more than 36 percent of gross income used for housing costs.

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Federal government sues Green Tree Servicing over its collection practices

WINDS OF CHANGE BLOWING?

Since the Housing Crash and economic meltdown of 2008, caused by the unfettered greed and lawlessness of the Wall Street Banks in their rush to make billions through the
process known as loan securitization, it's been a rare occurrence indeed where the government has taken a bank and mortgage servicer to task for alleged wholesale violations of consumers’ legal rights.

With the filing of a 43-page complaint against Green Tree Servicing in the U.S. District Court in Minnesota on April 21 of this year by the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB), hopefully the winds of change are beginning to blow.

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Company Contact

Stellionata Consulting, LLC

497 Hooksett Rd. #105

Manchester, NH 03104

Phone: (603) 685 4301

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Chain of Title

A few years ago, there was a lot of media hype about "producing the original note." There was almost equal response from the mortgage/foreclosure industry that the original note wasn't important and that reasonable facsimiles that were attested to as being "true and accurate copies of the original" were/are good enough to demonstrate that the current "bearer" of the copy is the rightful note holder and, therefore, has title and interest in the promissory note and has legal standing to foreclose.

Find out more