MBIA debt is setting up standoff with regulators Jun 18, 2008
The acceleration clause is a standard feature in credit default swaps written by many bond guarantors, including Ambac and the Financial Guaranty Insurance Company. MBIA, which insures $670 billion in municipal bonds and mortgage-related securities, has been hit hard by the credit crisis. (International Herald Tribune)
Intertainment's Itibiti Journeys Into Travel Market Jun 17, 2008
The Company paid to Raymond James Ltd. finder's compensation of $3,150 cash and 31,500 Units consisting of 31,500 common shares and 31,500 warrants with an expiry of two years or the 30 day acceleration clause. For industry information, comments and more, please visit the Intertainment Media blog at. (CCNMatthews Press Releases)
Bar Harbor woman wins round in foreclosure battle Apr 5, 2008
That led Ms. Casey to file suit in Superior Court, where she claimed that the $100 per day penalty, 12 percent interest, and acceleration clause in the note were not legal and unenforceable. The superior court entered a judgmenet of foreclosure, however, and found that Ms. Casey owed Raisin $261,929. (Courier Publications, ME)
Could Buying a Foreclosure Property Send You to Jail? Jan 9, 2008
"Anyone who advertises or solicits to or contracts homeowners in pre-foreclosure in writing or through any electronic or telecommunications medium and directly or indirectly makes a representation or offer to perform any service that the person represents will: Stop, enjoin delay, void, set aside, annul, stay or postpone a foreclosure sale, Obtain a forbearance from any servicer, beneficiary or mortgagee, Assist the homeowner to exercise a right of reinstatement provided in the loan documents or... (RealtyTimes)
Mortgage crisis hits home in Bay Area Jan 1, 2008
It is HIGHLY COMMON for a DEBT COLLECTOR attorney to file a foreclosure naming a DEFUNCT mortgage company;(or naming a mortgage company which NO LONGER holds the security interest (the promissory note); or file a foreclosure and AFFIX a ransom amount (the collectors fee) far exceeding the promissory note Acceleration Clause. . (Coos Bay-North Bend The World, OR)
