Former Dewey CFO escapes jail time for misleading lenders before firm’s collapse
ABA Journal Daily News
ABA Journal Daily News
The Alabama Supreme Court recently released an opinion interpreting the pre-foreclosure notice requirements contained in paragraph 22 of the standard mortgage form. In short, strict compliance is required. Foreclosure News
In a recent opinion, the Supreme Court of Delaware held that a mortgage holder must be entitled to enforce the underlying obligation that secures the mortgage in order to foreclose on the mortgage. As a result of the court's decision in Shrewsbury v. Foreclosure News
A mortgage company can't bring a second foreclosure action against a borrower after losing a similar foreclosure in the court system, Maine's supreme court ruled. The court on Thursday unanimously upheld a ruling against mortgage giant Fannie Mae, which tried to launch a second foreclosure on a property in Lincoln after a judge threw out […]
You think you have it rough? Try being a Wells Fargo MLO trying to hold onto your business when every newspaper is carrying stories about the cross-selling scandal, auto insurance scandal, unauthorized account scandal, bill pay enrollment scandal, rate lock fee scandal No wonde r independent mortgage banks are picking up market share through steering […]
Last week, the U.S. Court of Appeals for the Ninth Circuit issued a significant decision in favor of lenders and mortgage servicers fighting off claims that their mortgage liens were extinguished by Nevada homeowners associations' foreclosures from 2010 to 2014. In Berezovsky v. Foreclosure News
Allison J. Schoenthal and Nicole E. Schiavo discuss the conflict between New York's legislation requiring mandatory settlement conferences in foreclosure actions and the Bankruptcy Code's prohibition against a creditor taking any act that can be construed as trying to collect a discharged debt from a debtor. Thus, if a foreclosure action is commenced against a […]
In early August 2016, 73-year-old Mary Taylor opened her mail and found some shocking news: The southwest Houston home she'd lived in for more than 30 years was in foreclosure. Foreclosure News
An annoying question for lenders is whether or not a lender can enforce two loans to the same borrower and secured by the same property. The nagging issue is usually raised when a lender makes a first loan and an additional advance to the borrower secured by the same property, a first secured loan followed […]
ABA Journal Daily News