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

In the News

Demonize Housing All You Like, It s Still Critically Important

Like it or not, the mortgage industry has one of the biggest impacts of any industry upon America's economy, political landscape and even its social well-being.

The American Dream of homeownership should not and cannot be allowed to die because of the dark period that brought predatory practices into the mainstream. Housing is every bit as important to America as the national transportation system or healthcare system; it's integral to the country's welfare.

Discussion of GSE reform and the possibility of a privately-dominated mortgage-backed securities market is rampant. But housing affects too many Americans to simply cast out government involvement, especially where the GSEs and Ginnie Mae are concerned.

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Deutsche Bank Nat’l Trust Co. v. Fitchburg Capital, LLC :: 2015 :: Massachusetts Supreme Judicial Court Decisions :: Massachusetts Case Law :: Massachusetts Law :: U.S. Law :: Justia

Justia Opinion Summary

At issue in this case was a 2006 amendment to the “obsolete mortgage” statute, under which a mortgage becomes unenforceable after a certain number of years. A mortgage in which the term or maturity date is stated becomes unenforceable five years after the expiration of the term, and a mortgage in which the term or maturity date is not stated becomes unenforceable thirty-five years after recording.

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HSBC Finance Notifies NH Attorney General of Data Breach

HSBC has informed New Hampshire's Attorney General of a compromise of some records of current and former mortgage customers of its HSBC Finance unit. HSBC Finance is a nonbank lender, formerly known as Household Finance, that HSBC bought in 2003. The bank is in the process of winding it down.

In the breach, some personal information about mortgage accounts was "inadvertently made accessible via the Internet," including customers" names, Social Security numbers, account numbers, old account information and possibly some phone numbers, the bank wrote in a letter to state officials.

The bank says it learned of the breach March 27, and said it took place late last year.

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Ocwen Posts Preliminary $546M Loss for 2014

Ocwen Financial announced a preliminary loss of $546 million, or $4.18 per share, for fiscal year 2014 Tuesday, on a higher-than-expected goodwill impairment and charges stemming from the company's settlement with the New York Department of Financial Services.

The preliminary loss represented a drop of 276% from its net income of $310 million in 2013, and is just shy of the company's combined net income of $569.7 million from 2011 through 2013. In contrast with the staggering preliminary loss, however, the mortgage servicer and originator grew its revenue by 4% year-over-year to $2.11 billion in 2014.

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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