Anyone with an electronic device has heard of the pressures from left and right to “reform” the tax code, due to its complexity, unfairness, or just plan bulk. One closely watched plan proposed by Senate Finance Committee chair Max Baucus, is found in the third of “staff discussion drafts” advanced for contemplation of means to.
In a recent California Third District Court of Appeal case, that court ruled that if a borrower in distress seeks a modification of their loan, and the lender offers a “trial modification plan,” if the borrower successfully performs on the trial, the bank is bound to make that trial modification permanent. I have seen in.
The Consumer Finance Protection Bureau published more clarification of its January 10 rule changes, and links to explanatory publicatons can be found at the Bureau’s “Learn More” page at the following link: http://www.consumerfinance.gov/learnmore/ I will be posting some analysis of the real estate implications of these rule changes shortly. Watch this space . . .
The new Consumer Finance Protection Bureau has begun to move to implement programs to make mortgage borrowers more aware of their rights and the obligations of mortgage lenders and servicers. In a press release issued on January 7, 2014, which is linked below, it took the first step in an education campaign to let consumers.
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