In two recent decisions, the Superior Court of New Jersey, Chancery Division, Bergen County, held that homeowners may defend against foreclosure actions by asserting that lenders acted in bad faith with respect to post-notice...more
3/7/2013 - Bad Faith Foreclosure Lenders Loan Modifications Mortgages
The Consumer Financial Protection Bureau ("CFPB") recently warned servicers that it will be using its supervisory authority to ensure that a mortgage servicer has the appropriate policies and procedures in place to protect...more
2/14/2013 - CFPB Compliance Loss Mitigation Mortgage Loan Servicing Standards Mortgages Transfer of Interest
The New Jersey Appellate Division found that homeowners' excessive delay in raising their standing arguments precluded potential defenses and affirmed that a foreclosure judgment received by a party lacking standing is not...more
11/20/2012 - Foreclosure Mortgages Standing
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