The Licensee funds the origination and purchase of reverse mortgage loans through three warehouse credit lines totaling $210,000,000The Licensee had sufficient remaining credit on each line at the end of every 2015 quarterly reporting period. The Licensee securitizes all loans upon completion of the securitization; the warehouse line is paid in full, with the residual balance transferred to the Licensees operating account. If for any reason, the investors decline to purchase a warehouse loan, the Licensee is obligated to liquidate the loan from the warehouse line by using its own funds.. The Licensee liquidity is sufficient.
Herein will begin with an overview and introduction from personal knowledge of DixieLands Glory, LLC; a small family owned and operated business for the purpose of owning and managing rental properties. The company was initially operated as Warf’s Rentals; in 2003 the business was renamed and incorporated to become DixieLands Glory, LLC. The business is operated from a small office located in the family’s home, which is located in Linden, Tennessee. DixieLands Glory owns, operate, and manage approximately eighty-five rental units ranging from single-family homes to 4-plexes and mobile home parks. The properties that the company owns are mostly located in the states of Tennessee and Alabama. Of this, about 50 percent are located in the family’s hometown of Linden, Tennessee, with the remainder being located in two other Tennessee counties, and Decatur, Alabama.
The plaintiff (Southern Prestige Industries, Inc.) initiated an action against the defendant (Independence Plating Corp.) in a North Carolina state court for a breach of contract. The plaintiff alleged that defects in the defendant’s anodizing process caused the plaintiff’s machine parts to be rejected by Kidde Aerospace. The defendant being a New Jersey corporation and having its only office and all of its personnel situated in the state filed a motion to dismiss citing lack of personal jurisdiction. The trial court denied the motion and the defendant appealed arguing that there were insufficient contacts to satisfy the due process of law requirements
Undoubtedly, this had an impact on the school system. Timelines are strictly tracked to ensure compliance. According to DiNapoli and Bleiwas (2008), there are almost 170 different languages spoken in New York. This can make meeting timelines difficulty since children must be tested in their native language. Although it is imperative that students receive the education that they need it can be very difficult to meet timelines in certain
5. Manufactured Homes accounts for these transactions as sales in accordance with Statement of Financial Accounting Standards No. 77, “Reporting by Transferors for Transfers of Receivables with Recourse”, and recognizes finance participation income equal to the difference between the contractual interest rates of the instalment contracts and the agreed upon rates to the financial institutions; the portion retained by the financial institutions is discounted for estimated time of collection and carried at its
To what degree are two photos similar enough to have both parties get involved in court? This question is asked frequently in the copyright law world, and is the subject of a case involving Esquire magazine’s cover of famous contemporary boxer Sonny Liston in 1963 and if the 1998 cover of Sports Illustrated with the then-popular boxer Evander Holyfield infringed on Time Inc.’s copyright. At face value the image can be copyrighted, but when dissecting the individual elements of the image apart, what remains is a weak argument to justify copyright protection.
A: Standing to sue is the requirement that plaintiffs who sue must have a serious and vetted interest in a case, meaning the plaintiff has sustained or is in danger of sustaining a direct and substantial injury from the actions of the other(which can be the government)
Did you recently purchase a new car thatand it has had a ton of issues? Have you been without a car for more than 30 days? Has your car been in the repair shop for the same malfunction several times? If so, you might have relief under the Lemon Law.
Miller, Correspondent Broker: Ken started working with the members of La Jolla Cove Investors, Inc. to originate loans secured by first priority liens on real property in 2013. Ken founded the Northern California operations of a well-established Southern California private-money lender in 2003. Ken has over 17 years of management experience in the mortgage finance industry for such firms as SunTrust Bank, JPMorgan Chase, and Aames Financial Corporation (where his duties included serving as its Supervising Broker of Record). He holds a B.S. in Finance from Arizona State University, an M.A. in Economics from the University of San Francisco and is a licensed California Real Estate
I returned Ms Dunlap call. She said wants to place a formal complaint against the CPS worker Miranda Larson because she illegally removed her children based on false accusations. She stated that Miranda, like the entire CW are doing criminal activities. She then asked me if I had talked to her attorney? What was my conversation about, What did I disclose to them? What did they told me about her? "Be honest" she said. I informed her that I do contact her attorney because in one her DHS 0170 form the Discrimination Complaint form, she provided us her attorney's phone number and my conversation was about how can we contact her. She said that we should not be talking to her attorney because she just fired her.
Laws have been put in place of the years to ensure that everyone has equal opportunities when it comes to getting a job, keeping a job, and having access to goods, services, and locations. Several of the laws that have been enacted over the years include the Family Medical Leave Act of 1993, the Age Discrimination Act of 1967, and the Americans with Disabilities of 1990.
Elizabeth Blackwell showed herself as a dedicated and diligent doctor during five years of work in Neurological Associates, and made a significant contribution to the profit margin of the partnership. The partners were delighted with hiring Blackwell in 2005 and they introduced her to medical physicians at a conference. But the referral base Blackwell went through was not the result of that investment by the partnership but instead it was the evidence of her professionalism in neurological sphere.
Although this profitability ratio was an improvement, it seems as though MH was in danger of repeating losses as produced in the fourth quarter of 1986. The industry that MH was part of was experiencing negative pricing pressures and higher rates of payment defaults. With this in mind, revenues should have been decreasing, as opposed to the increases that it experienced. This demonstrates that MH might be using aggressive accounting tactics in order to increase revenues. These tactics focus on the fact that MH's core business is failing while they are able to generate revenue and profit from the financed participation income portion of their business. In the first nine months of 1987 MH's finance subsidiary sold, with recourse, a portfolio of retail installment sales contracts with a principle balance of approximately $8.3 million to another financial institution. As a result the company recognized finance participation income of $1.7 million in the third quarter of 1987 instead of being forced to recognize it over the entire course of the mortgages.
1. In pari delicto both parties are equally guilty. It’s used in reference to a transaction as to which relief will not be granted to either party because both are equally guilty of wrongdoing. Moreover, because both parties are equally to blame, the court will side with neither party.
Reached East tamaki director as regard this phone is not fully visable Unpractical without a console and presently suspended and rendered unusable hence
Kate is the owner of a successful business, selling women’s shoes. Her business is expanding fast and she wants to upgrade her business structure to a more appropriate one. What would be your recommendation to Kate and why? What are the factors that influence you with this advice?