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Latvian P2P Lender Grupeer Reveals it has Received Some "Positive" News from Legal Team

Latvian P2P lender
Grupeer reveals that they’ve received some “positive” news from their legal team (on March 31, 2021). According to Grupeer, this is a time to be “cautiously optimistic.”
The Grupeer team writes in a blog post that they had begun legal enforcement proceedings against loan originators for repayment of “extended loans.” As noted by the peer-to-peer lender, 29.03.2021 was “a return date for the defendant in the arbitration proceedings against one of the major loan originators (top 3 in terms of the amount of borrowed funds).” Grupeer added that given the history of rather challenging or difficult negotiations with this borrower (which reportedly forced them to begin legal proceedings), they “expected an aggressive position.” ....

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Recruiting, Training, MLO, AE Jobs; DPA, Tech Products; Principals and Attorneys Weigh in on Wholesale Tumult; Strong Jobs Data!

Recruiting, Training, MLO, AE Jobs; DPA, Tech Products; Principals and Attorneys Weigh in on Wholesale Tumult; Strong Jobs Data!
Mar 5 2021, 8:40AM
In the legal field, virtual litigation is thought to be here to stay, vaccine or no vaccine. And as the pandemic continues, and remote hiring continues for lenders, CEOs, owners, and managers are grappling with the thought of having scattered workforces going forward, and there will be no, “Okay, everyone back to the office!” when people were hired thousands of miles away. And housing is reacting: With 70+ millennials running around, and housing starts and building permits showing about 1.5 million units a year being built, there’s a shortage! Another reason why inventory is so tight? A good portion of housing starts are tear-downs, which means a new structure is replacing an older one, so there is no net change in housing inventory. There are creative ways around that. For example, in Louisian ....

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Motto Mortgage Network Closes Nearly $2.5 Billion in Loan Volume in 2020

Motto Mortgage Network Closes Nearly $2.5 Billion in Loan Volume in 2020
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Latvian P2P Lender Grupeer Reports that they've Prepared Most of the Paperwork to Begin Legal Enforcement of Collecting Loans

Latvia-based peer to peer (P2P) lender
Grupeer noted on February 19, 2021 that last year, they had informed everyone that they were planning to “aggressively” pursue claims against the Loan Originators that were in default.
Grupeer confirmed that they had prepared “most of the necessary paperwork” to begin legal enforcement of the loans and “to return the money to investors.”
The recent update from Grupeer also mentions that they have put their plans “on hold” because of “the insolvency applications made by several investors.” While the possibility of the firms involved to be declared insolvent was “small,” for legal reasons we “could not proceed with filing claims against the Loan Originators,” the Grupeer team claims. ....

Ellex Klavins , Revenue Service Of Latvian Republic , Loan Originators , State Revenue Service , Latvian Republic , வருவாய் சேவை ஆஃப் லாட்வியன் குடியரசு , கடன் ஒரிஜிநேடர்ஸ் , நிலை வருவாய் சேவை , லாட்வியன் குடியரசு ,

loan originators - All news and posts by Crowdfund Insider

Loan originators: . ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. ....

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