Mortgages & Foreclosures. Legal news and articles for April 25 - 28, 2017

Massachusetts sues Ocwen over mortgage servicing practicesMassachusetts sues Ocwen over mortgage servicing practicesLaws to fast-track vacant home foreclosures slowly gain tractionLaws to fast-track vacant home foreclosures slowly gain tractionNash column: GOP routinely says one thing and does the oppositeBlight Task Force plans new measures to fight blightSafety And Soundness And The Bankruptcy Code: Does A Bank ...SC Declines to Review Contractual Jury Waiver IssueSafety and Soundness and the Bankruptcy Code: Does a Bank Commit a Safety and Soundness Violation by Failing to ...Ickes: Vet's Davenport house is constant battleAnti-blight Coalition sets strategy in HarrisburgVet's Davenport house is constant battleCFPB Alleges “Slipshod Practices” in ServicingActivists urge DC government to hire student loan point person as promisedFor the Record 4/25

Top Picks in News

A Practitioner's Guide to Understanding Interest
New York Law Journal (registration)April 11, 2017

For foreclosure actions "in an action on a promissory note, CPLR 5001 permits a creditor to recover prejudgment interest from the date on which each payment of principal or interest became due under the terms of the note until the date which liability ...more »

Haines City leaders get economic insight at summit
News ChiefApril 13, 2017

Other ways to effectively bring economic development to Haines City would be for local businesses and civic leaders to assist in the process. Johnson said a lot of times entities have these boards, but they are often ineffective because of approach ...more »

Mortgages & Foreclosures. News and Stories

Massachusetts sues Ocwen over mortgage servicing practices
NasdaqApril 28, 2017

The lawsuit followed a similar case brought by the CFPB on April 20, accusing Ocwen of widespread misconduct in how it serviced borrowers' loans, from foreclosure abuses to a basic failure to send accurate monthly statements.[nL1N1HS1HV] CFPB officials ...more »

Massachusetts sues Ocwen over mortgage servicing practices
WSAUApril 28, 2017

Massachusetts Attorney General Maura Healey said Ocwen Loan Servicing LLC charged homeowners for unnecessary forced-place insurance policies, hit delinquent borrowers with excessive fees and failed to process escrow and insurance payments. "It is ...more »

Laws to fast-track vacant home foreclosures slowly gain traction
American BankerApril 28, 2017

Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties. Maryland Gov. Larry Hogan is expected to sign a bill soon that would fast-track ...more »

Laws to fast-track vacant home foreclosures slowly gain traction
National Mortgage NewsApril 28, 2017

Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties. Maryland Gov. Larry Hogan is expected to sign a bill soon that would fast-track ...more »

Nash column: GOP routinely says one thing and does the opposite
Baraboo News RepublicApril 28, 2017

The billionaire Kochs and others are also the reason Trump and his henchmen are changing the laws that govern the burning of fossil fuels and exhaust emissions. They don't care that there are more job opportunities in alternative energy industries than ...more »

Blight Task Force plans new measures to fight blight
bctv.orgApril 28, 2017

Among other legislative priorities, the group is encouraging the creation of a new law to accelerate the foreclosure of abandoned and vacant properties. Under current law, it can take up to a year and a half to complete the foreclosure process ...more »

Safety And Soundness And The Bankruptcy Code: Does A Bank ...
Mondaq News Alerts (registration)April 27, 2017

It is fair to say that not many, if any, banks have internal controls or policies and procedures to identify and mitigate deficiencies in the bankruptcy practices of ...more »

SC Declines to Review Contractual Jury Waiver Issue
Metropolitan News-EnterpriseApril 27, 2017

They sought damages for breach of contract, fraud, slander of title, and trade secret misappropriation, along with setting aside of the foreclosure, restitution under the Unfair Competition Law, and an accounting. They demanded a jury trial on the ...more »

Safety and Soundness and the Bankruptcy Code: Does a Bank Commit a Safety and Soundness Violation by Failing to ...
Lexology (registration)April 27, 2017

Perhaps, Compliance Departments and Risk Management Departments along with Audit Departments should rethink the importance of bank compliance with Bankruptcy laws and rules both as a way to mitigate regulatory risk and as a way to make sure the risk ...more »

Ickes: Vet's Davenport house is constant battle
Quad City TimesApril 27, 2017

"It's in the process of foreclosure now. Why make me go through foreclosure when no one can live in the house? The city has had three budget cycles to work this into, and they didn't. They also get FEMA money, but I evidently don't qualify, because my ...more »

Anti-blight Coalition sets strategy in Harrisburg
The Philadelphia TribuneApril 27, 2017

Speeding up the foreclosure process for abandoned properties, helping local officials track corporate ownership of derelict properties and overhauling the tax sale process for delinquent properties are on the agenda this session for the Statewide ...more »

Vet's Davenport house is constant battle
Quad City TimesApril 26, 2017

"It's in the process of foreclosure now. Why make me go through foreclosure when no one can live in the house? The city has had three budget cycles to work this into, and they didn't. They also get FEMA money, but I evidently don't qualify, because my ...more »

CFPB Alleges “Slipshod Practices” in Servicing
National Mortgage Professional MagazineApril 26, 2017

But the agency insisted that some servicers either failed to provide borrowers with information on foreclosure alternatives, prematurely launched the foreclosure process, mishandled escrow accounts and offered incorrect periodic statements. The CFPB ...more »

Activists urge DC government to hire student loan point person as promised
Washington PostApril 25, 2017

Community activists say the D.C. government has undermined a new law giving the District greater oversight of companies that collect student loan payments by failing to hire a point person for the task. [D.C. Council considers bill giving the city more ...more »

For the Record 4/25
Claremore Daily ProgressApril 25, 2017

The information contained in this report is providThe information contained in this report is provided in compliance with the Oklahoma Open Records Act, 51 O.S. § 24A.1. Use of this information is governed by this act, as well as other applicable state ...more »

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