Gorsuch’s Title 42 statement is ‘a remarkable jeremiad against COVID mitigation policies,’ law prof says
ABA Journal Daily News
ABA Journal Daily News
The Federal Housing Administration is revising its foreclosure prevention options to assist struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by last year's hurricanes. The new policy lets servicers evaluate borrowers for the Disaster Standalone Partial Claim before the disaster loan modification using their pre-disaster monthly principal and interest payment. Foreclosure News
Due to their increasing size, specialization and technological sophistication, today's vessels present attractive “big-ticket” financing opportunities. However, commercial vessels, regardless of type, will inevitably incur maritime liens, which are priority claims that arise by operation of law, and are enforceable against the vessel in rem . Foreclosure News
ABA Journal Daily News
On August 2, 2016, the Consumer Financial Protection Bureau published a new guidance document titled CFPB's Principles for the Future of Loss Mitigation , which outlines a recommended framework for new, industry-driven foreclosure relief programs. The Guidance largely follows the July 25, 2016, white paper jointly issued by the U.S. Department of the Treasury , […]
Grace Ross of Massachusetts Alliance Against Predatory Lending and Esther Ngollu of Beverly testified Tuesday in favor of a bill that seeks to allow cities and towns to establish pre-foreclosure programs. BOSTON >> Arguing that the current rate of foreclosures is worse than anything Massachusetts has seen since the run up to the American Revolution […]
With the end of the Department of Treasury's Home Affordable Modification Program coming in January 2017, the Consumer Financial Protection Bureau has released a set of four principles for financial institutions to use when considering how to help a borrower avoid foreclosure . These principals are intended “to complement ongoing discussions among industry, consumer groups […]
One of the plethora of new procedures enacted in the 2016 General Assembly's legislative session is a concept which is being dubbed a “judgment of loss mitigation.” The procedure seems straightforward at first a lender can seek to have the Court approve a modification of a mortgage loan and sanction the mortgagee's priority over any […]