The pre-need firm had avoided conservatorship
after its then owner, the late Jesusa Puyat-Concepcion-daughter of the company founder Sen.
, known in some states as a guardianship, is normally reserved for those who are severely debilitated.
Yet under the rules of the conservatorship
, her father controls her finances and personal and business decisions.
Thorny questions such as these offer insight into why housing finance reform has been difficult to accomplish a decade after conservatorship
. And in an environment of low mortgage rates and (for loans originated since 2009) low default rates, there are relatively few Americans clamoring for Congress to enact reform.
In the US process, the US Treasury defines conservatorship
as the legal process in which a person (or entity) is appointed to establish control and oversight of a corporate entity to put it in a sound and solvent condition.
The number of 60-plus-days-delinquent loans declined 3 percent during the final quarter of 2014, ending at the lowest level since the start of conservatorship
One way to make sure a conservatorship
is as painless as possible is to have the client nominate his or her own conservator.
The mum of two's father was initially granted a conservatorship
order - a legal agreement where a parent or guardian looks after the financial affairs of their child - in 2008.
The Byneses' petition cites their daughter's arrests in recent months and concerns about her spending as additional reasons a conservatorship
government to place these two government-sponsored enterprises into federal conservatorship
in an attempt to maintain their solvency and restore confidence in the mortgage and housing markets.
Instead, the singer spent much of that time recovering under a conservatorship
. A probate judge overseeing Britney's conservatorship
has ruled the singer's caretakers should not allow her to testify "under any circumstances".
Because Britney is under conservatorship
in probate court, there has to be a hearing about the property, and anyone is free to attend and outbid the current offer.