The Eighth Circuit recently affirmed a district court's judgment in favor of a large national bank in a foreclosure matter that marked the third lawsuit arising between the parties, relying largely on res judicata grounds. The chain of events giving rise to the appeal began in 2011 when the bank initiated a foreclosure that resulted […]
Q. My brother, who has a history of credit problems, recently got an unA requested check in the mail for $ 1,200. He was invited to cash it, as a loan from a company called Mariner Finance. Foreclosure News
A new lawsuit says Bank of America misled borrowers trying to hang onto their homes, pushing them into foreclosure while it enriched itself off a federal mortgage-modification program. The suit, filed this month in federal court in Charlotte, is the latest to allege the Charlotte-based company abused homeowners seeking to reduce their mortgage payments through […]
The program is geared toward borrowers who have good credit, but can't qualify for conventional loans due to other factors Newfi Lending , an online mortgage lender and portfolio company of global private equity firm Warburg Pincus , has launched Sequoia Porfolio Plus , a proprietary loan program that offers flexibility for mortgage brokers looking […]
ABA Journal Daily News
On December 11, 2017, Locke Lord obtained a dismissal with prejudice of a punitive class action. In Leones v. Foreclosure News
Black Knight's Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity Black Knight's Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity Average combined loan-to-value ratio for homeowners with […]
Attorneys general for 18 states and Washington, D.C., have filed a federal lawsuit against Education Secretary Betsy DeVos for delaying new rules designed to help protect student borrowers who are defrauded by colleges. ABA Journal Daily News
Ocwen Financial Corporation , a leading financial services holding company, today joined a group of select mortgage servicers, housing finance agencies, government-sponsored enterprises , and government officials at the Eighth Annual Hardest Hit Fund Summit to discuss strategies to leverage Hardest Hit Fund resources for the benefit of borrowers in states that are participating in […]
Rather than digging deeper to verify federal tax liens and civil judgments and include them on your credit report, the three major credit bureaus decided to opt out of reporting these items as of July 1, according to a Consumer Data Industry Association announcement Monday. Equifax, Experian and Transunion cut a deal in March 2015 […]