In Federal National Mortgage Association v. Thompson , the Wisconsin Supreme Court permitted a lender to pursue a second judicial foreclosure action after the first case was dismissed with prejudice .
According to recent news reports, Gary Cohn, a key White House economic advisor, supports splitting up the nation's largest banks in a manner suggestive of restoring the Glass-Steagall Act, which Congress largely repealed in 1999. Reinstating Glass-Steagall is a fundamentally absurd idea because no rational case can be made for doing so. Foreclosure News
Registration will allow you to post comments on newstimes.com and create a newstimes.com Subscriber Portal account for you to manage subscriptions and email preferences. Former Lehman Brothers CEO and Greenwich resident Richard Fuld Jr. is heckled in October 2008 by protesters in Washington, D.C., after testifying before the House Oversight and Government Reform Committee on…
In an important decision for creditors, the North Carolina Supreme Court recently clarified the distinction between judicial foreclosure and non-judicial foreclosure by power of sale. In , the Supreme Court held that judicial foreclosure is an ordinary civil action subject to the liberal standard of notice pleading of North Carolina's Rules of Civil Procedure. Foreclosure…
Chesapeake Square mall in Chesapeake in August 2016. The mall went into foreclosure in April 2016 and is now back in the hands of the bank. Foreclosure News
Hurricane Florence, Carr wildfires and Kilauea volcanic eruption prompted spike in delinquencies, even as overall foreclosure rate hit 12-year low, according to CoreLogic From North Carolina in the aftermath of Hurricane Florence to parts of California ravaged by wildfires and Hawaii following the Kilauea volcano eruption , home delinquency rates rose sharply in September even…
The events which led to the foreclosure era are indeed tragic. People lost jobs, companies streamlined their staff and globalization removed many traditional U.S. industries. Foreclosure News
