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Nobody wants to have a defaulted bond.
"When they renege, they get to keep servicing a defaulted loan".
When everyone is assembled in front of a defaulted unit, he takes off the lock.
She told me that, a day earlier, she had been attempting to collect on a defaulted auto loan.
Trustee program officials found a defaulted borrower who was charged $10,260.50 in "prior service fees" with zero documentation.
There the Court held that a Texas law shortening the time within which a defaulted land claim could be reinstated did not violate the Contract Clause.
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A husband and wife thought they had grabbed a defaulted-upon mortgage, only to find out it was a worthless second lien with no rights to ownership or occupancy.
Amerco has standstill agreements with its banks, such as units of J.P. Morgan Chase, Bank of America, FleetBoston Financial, Citigroup and Washington Mutual, holding a $205 million defaulted credit line, and with lenders holding the $100 million in bonds that came due in October.
FINANCIAL TIMES New Chapter in a Clash Over Bonds in Argentina | The United States Supreme Court is meeting on Sept. 30 to decide whether to hear an appeal of a ruling favoring bondholders who refused to join a deal on defaulted bonds from Argentina.
In a press release, Bank of America said that the drop came from a combination of defaulted modifications, servicing transfers and repaid mortgages.
Because servicers typically keep late fees and certain other charges assessed on delinquent or defaulted loans, "a borrower's default can present a servicer with an opportunity for additional profit," Ms. Porter said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com