Jun. 15, 2009: news from GMAC, Lenders One, the CMBA; California’s foreclosure moratorium Rob Chrisman
I was on a roller coaster over the weekend just when amusement park operator Six Flags declared bankruptcy. Talk about a thrill. They said that the company will keep its parks open at least for now (they had 25 million visitors in 2008) but according to the Washington Post, the company is carrying $2.4 billion in debt. That is a lot of borrowing!
As I mentioned Friday, MERS brought out their InvestorID program. It was pointed out to me by a couple folks that borrowers may be confused by their notice of transfer of mortgage, in that at first glance the notice like the one MERS is proposing looks like a payment transfer notice. MERS points out that in the last paragraph they state that “this doesn’t affect your payment address”. But it could lead to some confusion which hopefully they can avoid with some slight revisions. Check out
80,000+ mortgage professionals get this every weekday morning.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact