GLORIA CASTRELLON, Plaintiff – Appellee, v. OCWEN LOAN SERVICING, L.L.C.; DEUTSCHE BANK NATIONAL TRUST, as Trustee for Soundview Home Loan Trust, Defendants – Appellants Plaintiff-Appellee Gloria Castrellon sued Defendants-Appellants Ocwen Loan Servicing, L.L.C., and Deutsche Bank National Trust, alleging that they violated various Texas consumer protection laws during the foreclosure of her home. Foreclosure News
SGK PROPERTIES, L.L.C.; GARY P. KATZ, Plaintiffs – Appellants v. U.S. BANK NATIONAL ASSOCIATION, as Trustee for Lehman Brothers Small Balance Commercial Mortgage Pass-Through Certificates, Series 2007-3, Defendant-Counter Plaintiff – Appellee SGK PROPERTIES, L.L.C.; GARY KATZ, Plaintiffs-Appellants v. Foreclosure News
On January 30, 2018, the office of the Massachusetts Attorney General announced that the state reached a settlement with a national mortgage servicer that requires the Company to settle claims that it placed homeowners at risk of foreclosure due to “unfair and deceptive” loan servicing practices. Although the exact amount was not specified, the Massachusetts […]
On October 4, the Consumer Financial Protection Bureau announced changes to its mortgage servicing rules. The Bureau issued an interim final rule to provide mortgage servicers more flexibility and certainty around requirements to communicate with borrowers under the CFPB's 2016 mortgage servicing amendments. Foreclosure News
Hey, I am all in favor of the tiny house movementif I have room for my bottle cap collection, antique banks, gumball machines, Spirograph and Battling Tops games, Santa in the manger nativity scene for the roof in December, several old copper fire extinguishers, and my father's navy memorabilia from WWII and Korea. And Myrtle's […]
The U.S. regulator for mortgage servicers on Wednesday loosened the timing requirements for communicating with struggling borrowers under new rules that take effect later this month to help prevent wrongful home foreclosures. The Consumer Financial Protection Bureau said last year it would begin requiring servicers, the conduits for mortgage payments, to grant certain foreclosure protections […]
The U.S. Treasury Department recently issued a report titled “A Financial System That Creates Economic Opportunities-Banks and Credit Unions.” In addition to recommended changes for the CFPB, the report devotes substantial attention to the residential mortgage industry from the primary to the secondary markets . Foreclosure News
Rumors continue to swirl, this time about Orange County's Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad first quarter, it's not a cake walk out there. Foreclosure News
On June 7, 2017, the Consumer Financial Protection Bureau issued a Consent Order against mortgage servicer Fay Servicing, LLC , requiring Fay Servicing to pay $ 1.15 million to borrowers and to cease activities that the CFPB contended violated the Real Estate Settlement Procedures Act , its implementing regulation, Regulation X, and the Consumer Financial […]
The CFPB recently announced that it has entered into a consent order with Fay Servicing, LLC to settle alleged mortgage servicing violations. A copy of the consent order can be found here . Foreclosure News