August 2, 2010
Some Facts on Payment Protection Insurance
The abbreviation PPI stands for Payment Protection Insurance . This type of insurance was established to help cover the repayment of bills such as a mortgage loan, credit card repayment, or other monthly loans in the event you are injured or are not …. Author Resource:-> For more information on payment protection insurance or if you are interested in obtaining information on
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Some Facts on Payment Protection Insurance
Filed under UK Mortgage Protection by on Aug 2nd, 2010. 
Comments on Some Facts on Payment Protection Insurance
Loan insurance also recognized as Payment Protection Insurance coverage is specially designed to make your month…
[...] Income Protection insurance will pay you up to 75% of your insured pre-disability income if you can no longer work due to illness or injury for an extended period,* providing continued financial security. The last thing you want to worry about while recovering is how you’ll pay the school fees, or the mortgage – or the consequences if you can’t. [...]
So much hate… It makes me sad. I don’t agree with her politics, but she’s not that stupid, everyone just plays in to either her nbc portrayal or her fox news portrayal, both of which are wrong. Stop listening to pundits who just fuel the notion of her being an idiot. Her politics are less conservative than most republicans. If you wanna say that all republicans are stupid , then fine, but she deserves no different treatment. Most republicans dodge social issues, at least she’s honest.
The complaint (link in the BW article that Tom K cites) includes these passages (direct quotations are from the Pooling and Service Agreements):
33. “The Master Servicer may agree to a modification of any Mortgage Loan (the ‘Modified Mortgage Loan’) if … CHL [Countrywide Home Loans] purchases the Modified Mortgage Loan from the Trust Fund immediately following the modification…”
37. The PSAs that govern the CWL and CWALT certificates define the “Purchase Price” at which modified mortgage loans must be repurchased from the trusts as “an amount equal to the sum of (i) 100% of the unpaid principal balance … of the Mortgage Loan as of the date of such purchase, [plus] (ii) accrued interest thereon …”
Those seem to be the key claims.
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Steven Craig Feldman/Feldman Law Center is the Bernie Madoff of mortgage loan modifications.
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