AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CitiFinancial Changes IMC Servicing Policy.(Brief Article)
CitiFinancial Mortgage Company, which services the IMC Home Loan Equity Trusts, has provided investors with an update regarding the calculation and reporting of unrecoverable delinquency advances.
The servicing agreement governing the trusts provides that each month the servicer shall advance to the trustee interest on home equity loans that are delinquent. But the agreements also provide that the servicer is not required to make a delinquency advance if the servicer determines that such an advance is "not recoverable."
In accordance with the servicing agreements, CitiFinancial Mortgage determines whether an advance for a delinquent loan will be recoverable before making any advance. Recoverability is determined by performing an equity analysis on the loan. The equity analysis begins with the estimated gross proceeds expected upon liquidation of the property that secures the delinquent loan. This estimate is a percentage of the appraised value given to the property at the time of loan origination.
...
- MotherNature.com Announces Initial Distribution of Liquidation Proceeds.
- Press release article from: Business Wire December 18, 2000 700+ words
...that it anticipates making an initial distribution of liquidation proceeds to stockholders of record as of December 27, 2000...date is December 30, 2000. Additional distributions of liquidation proceeds may be made in the future in accordance with the Plan...
- ASC to Release Fourth Quarter Results And Preliminary Estimate of Liquidation...
- Press release article from: PR Newswire February 12, 2002 700+ words
...its balance sheet. With respect to the distribution of liquidation proceeds, the Company is unable to predict the precise timing...currently anticipates that an initial distribution of liquidation proceeds will be made to stockholders within 30 days after the...
- Siam Inv. Fund - Liquidation Proceeds Payment.
- News wire article from: Europe Intelligence Wire November 1, 2006 700+ words
...From AFX CNF) RNS Number:3453L Siam Investment Fund 01 November 2006 SIAM INVESTMENT FUND Interim Payment of Liquidation Proceeds The Liquidators of the Siam Investment Fund (the "Fund") wish to announce that they have resolved to make...
- Initial Distribution of the Liquidation Proceeds for the TH Lee, Putnam...
- Press release article from: Business Wire November 2, 2007 700+ words
...of Trustees. As a result of these approvals, the fund has begun liquidating portfolio assets. TH Lee, Putnam Capital Management, LLC today announced an initial distribution of the liquidation proceeds for the fund. [TABLE OMITTED]
- MotherNature.com, Inc. Announces Interim Distribution; Liquidation Proceeds of...
- Press release article from: Business Wire February 28, 2002 700+ words
...WIRE)--Feb. 28, 2002 MotherNature.com, Inc. (MTHR.OB) today announced an interim distribution of liquidation proceeds to its shareholders of record at close of business on March 7, 2002. The distribution will total approximately...
- ePresence, Inc. Announces Interim Distribution; Liquidation proceeds of $0.10...
- Press release article from: Business Wire February 27, 2006 700+ words
FOXBOROUGH, Mass. -- ePresence, Inc. (formerly NASDAQ: EPRE) today announced an interim distribution of liquidation proceeds to its shareholders of record at the close of business on June 23, 2004. The distribution will total approximately...
- Liquidation proceeds friendlier for investors.(Small Business)
- Magazine article from: Crain's Cleveland Business Grassi, Carl January 13, 2003 700+ words
Byline: Carl Grassi In today's economy, many corporations have been forced to re-evaluate the contributions being made by different segments of their business. A common method for increasing overall profitability is to discontinue the segments of a business that either are not profitable or that
- eBT International, Inc. Increases Liquidation Proceeds Per Share Available for...
- Press release article from: PR Newswire October 9, 2002 700+ words
Sets Second Shareholder Liquidation Distribution Payout eBT International, Inc. (BULLETIN BOARD: EBTI) today announced an increase in the minimum net proceeds estimated to be available to shareholders over the remaining liquidation period to approximately $.39 per share from the $.33 per share
- CABG Medical Revises Upward Range of Liquidation Proceeds to Shareholders.
- Press release article from: PR Newswire April 24, 2006 700+ words
MINNEAPOLIS, April 24 /PRNewswire-FirstCall/ -- CABG Medical, Inc. today announced that it anticipates aggregate cash payments to shareholders of between $1.47 and $1.51 per share pending approval of the Company's Plan of Liquidation and Dissolution (the "Plan A Special Meeting of the Shareholders
- CitiFinancial Mortgage Updates Investors on IMC Servicing.
- Press release article from: Business Wire February 5, 2001 700+ words
...based upon the historical gross liquidation proceeds of real property already...foreclosure. The estimate of gross liquidation proceeds has been revised downward to mirror actual gross liquidation proceeds as a percentage of the...
Source: HighBeam Research, CitiFinancial Changes IMC Servicing Policy.(Brief Article)