We have over $600 million in islamic residential mortgage requirements in toronto, canada. These are mostly good credit/good income people who are seeking to replace interest-based mortgages with sharia mortgages the musharakah diminishing partnership arrangement is the most popular here. We can work with people who have access to primary funders of such mortgages. Or we can finance these mortgages if you have access to a secondary buyer.
Manuel ******+6 Other Responses
I am an attorney in bushnell, sumter county, florida. I am defending a foreclosure case in which it appears to me that the bank failed to comply with part 34 - real estate lending and appraisals, subpart d - lending standards, section 34.62 - real estate lending standards, appendix a to subpart d - interagency guidelines for real estate lending as set out in title 12 of the code federal regulations. Specifically, i am interested in the supervisor loan-to-value limits. The bank, which is a national bank, claims that it is not required to comply with the ltv limits set out in the regulations. In essence, the bank loaned my clients 85% of the appraised value of the property. The purchase price of the land was $400,000, the loan was for 280,000, and the appraisal was $330,000. My clients did not know of the appraised value until more than a year after the loan closed. The loan officer told my clients they were getting a 70% ltv loan. The property was unimproved raw land that was owned by the bank. The bank had purchased the property for $325,000 3 months before they entered into a contract to sell it to my clients. The bank had intended to use the property for a branch location but found a better site. If the bank was required to follow the regulations in making the loan, then i would like to retain your services as an expert witness.+9 Other Responses
Residential Mortgage Backed Securities
We are looking for someone who worked at s&p, fitch or moody’s during the period of 2004-2007 for a potential litigation related consulting assignment. It is an rmbs related issue. The ideal candidate should be able to discuss the rating agencies' standard operating procedures for assessing financial viability of an issuer during that time period. Testifying experience is not required in this matter+7 Other Responses