According to a Florida court, a bank can recover its attorney’s fees and costs even from a prior unsuccessful foreclosure.
Read More »Mortgage Relief Scam Defendants to Pay $18.5M
The U.S. District Court for the District of Nevada found that the defendants’ practices violated the FTC Act and the Mortgage Assistance Relief Services Rule.
Read More »The Gap Between Mortgage Default and Settlement
A recent court ruling has provided a costly lesson to lenders on best practices related to loan defaults. Here’s what an expert had to say about the ruling.
Read More »Judge Denies Motion to Transfer in Lehman Indemnity Suit
A New York Bankruptcy Court recently denied the motion filed by mortgage sellers to transfer a case where they’re defending Lehman Brothers’ claims for third-party indemnity. Here’s why the now defunct bank is suing these companies.
Read More »Courts Address Condo Laws, But Questions Remain
A pair of recent court rulings sought to address lingering questions in the arena of Illinois condo foreclosure law, but seemingly contradictory sets of guidance have left stakeholders in need of further clarification.
Read More »Appeals Court Finds FHFA Structure Unconstitutional
A Federal Appeals Court in Texas has ruled that the current FHFA Leadership Structure is unconstitutional. Click through for the details of this ruling.
Read More »In Defense of the CFPB
Several consumer rights groups, legal scholars, and members of Congress submitted amicus briefs to the U.S. Court of Appeals for the D.C. Circuit in the case PHH Corporation v. CFPB, in support of the Consumer Financial Protection Bureau (CFPB). With the CFPB’s constitutionality being called into question, many groups seek the defend the Bureau against a possible restructuring by the Trump administration.
Read More »Massachusetts Court Affirms MERS Ability to Assign Title
Massachusetts became the latest state to award victory to MERSCORP Holdings, Inc., in a series of lawsuits challenging MERS' authority to assign titles. MERS announced on August 12 that the Commonwealth of Massachusetts Superior Court issued a ruling in Gardner v. Mortgage Electronic Registration System, Inc., that MERS could act as the mortgagee even though it is not the holder of the note
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