Finance, Credit and Loan Information

August, 2015

Star broker Melissa Cohn launches new mortgage bank

Eight months after a messy split from GuardHill Financial, mortgage broker Melissa Cohn launched a new company, MC Home Loans. The Manhattan-based mortgage banking firm opened for business Monday with a management and brokerage team of 26. It will focus on offering residential mortgages in greater New York and the Hamptons. “My job and the goal of […]

Money Talk — Matters to consider when filing for bankruptcy

If you are considering obtaining relief from your debt burden by filing for bankruptcy, the trustee in bankruptcy will discuss with you the bankruptcy process, including what will happen to your property. When you decide to file for bankruptcy, the document that starts the process is referred to as an assignment for the general benefit […]

Attorney for White Flint Says Mall Redevelopment ‘Very Unlikely’ Unless …

The trial attorney who represents White Flint Malls owners said Tuesday the $31 million court judgment last week in favor of Lord amp; Taylor could halt the malls redevelopment. Unless the judgment is reversed, the redevelopment of the White Flint site is very unlikely to occur, Scott Morrison, who works in the Washington, DC office […]

A&P: Union puts store sales in jeopardy

After two hours of listening to Aamp;P and union leaders battle on two key job provisions — bumping rights and full severance — and how they could impact the sale of the iconic supermarkets stores, a US Bankruptcy Court judge convinced both parties to head back to the negotiating table. Judge Robert Drain asked for a private meeting with all of the lawyers during a […]

The 411 On Bankruptcy: The Financial Process 50 Cent And Many Black Women Go …

Of course, 50 is not the first person or celebrity to file for bankruptcy. In fact, more African Americans, especially Black women, are filing bankruptcy and more than their white peers. Research in 2012 showed that “more and more Black women are filing bankruptcy, and defaulting on student loans which has an overall default rate […]

Mortgage applications up in latest week: MBA

NEW YORK Applications for US home mortgages rose last week as refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 3.6 percent in the week ended Aug. 14. The MBAs seasonally adjusted index […]

‘Kitchen Cousins’ hosts file for bankruptcy after suit over allegedly shoddy …

TENAFLY — The co-hosts of Kitchen Cousins on HGTV each filed for bankruptcy Aug. 4 after an arbitration ruling awarded $857,894 to two Tenafly residents who sued over an allegedly shoddy renovation of their home, the Record reported. Robert and Peng Averysued John Colaneri, Anthony Carrino and their company Brunulleschi Construction in 2013 on claims […]

UPDATE 1-Polish warns banks could challenge Swiss franc mortgage plan

(Adds details, Prime Ministers comment) By Marcin Goclowski WARSAW Aug 18 (Reuters) – Polands central bank said on Tuesday that banks could challenge a plan to make them foot the bill for fixing the countrys Swiss franc mortgage problem and their owners may demand compensation from the state. The lower house of Parliament passed a […]

Mortgage, realty and appraisal companies make Inc. 5000 list

The 2015 Inc. 5000, unveiled online at and with the top 500 companies featured in the September issue of Inc. magazine, which is available on newsstands Aug. 18 to Sept. 22, is the most competitive crop in the lists history. The average company on the list achieved three-year growth of 490%. The Inc. 5000s […]

Sherry Riano on new mortgage and closing regulations

Takeaways: Mortgage industry regulations will change parts of your business as an agent or broker. Riano is the vice president of business development for DNJ Mortgage and has been helping clients realize their homeownership dreams for over 16 years. Riano offers clarity around mortgage and closing process changes resulting from the handover of the Real Estate Settlement Procedures Act (RESPA) from […]

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