National Mortgage Settlement

New York AG Plans Suit Over Alleged Violations Of National Servicer Settlement

by BuckleySandler LLP on 5/15/2013

On May 6, New York Attorney General Eric Schneiderman announced his intent to sue two of the five mortgage servicers that entered the National Mortgage Settlement with 49 state attorneys general, the U.S. Department of...more

Housing Counselor Survey Alleges Banks Fail To Comply With National Mortgage Settlement.

by BuckleySandler LLP on 4/8/2013

On April 3, a California borrower advocacy organization published the results of its survey of housing counselors, which the organization claims reveals that problems persist with the implementation of the national servicing...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

by BuckleySandler LLP on 4/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PAYMENTS - Excerpt from Payments: CFPB...more

D.C. Federal Court Holds Government False Claims Case Not Precluded By National Servicing Settlement

by BuckleySandler LLP on 2/25/2013

On February 12, the U.S. District Court for the District of Columbia declined to enjoin the government from pursuing alleged False Claims Act violations against a bank that argued such claims were precluded by the terms of...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 22, 2013

by BuckleySandler LLP on 2/24/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - PAYMENTS - SECURITIES - Excerpt from Mortgages:...more

Ringing in the New Year in 2013: California’s Homeowner’s Bill of Rights Law Takes Effect

by Yesenia Garcia Perez | Foley & Lardner LLP on 1/4/2013

Dubbed as the “Homeowner’s Bill of Rights,” on July 11, 2012, California Governor Jerry Brown signed into law AB 278/SB 900 marking the first U.S. state to adopt into law the residential mortgage foreclosure reform principles...more

Update: Has The National Mortgage Settlement Helped Any Georgia Homeowner?

by Win Mims | Jeff Field & Associates on 12/4/2012

In an earlier blog published 10-30-12, we tracked some of the developments in the so-called "historic" National Mortgage Settlement (NMS) with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally which was...more

The Short Sale: Is It Really An Alternative to Bankruptcy? #BankruptcyLawyer

by Janet Spears | Rowley Chapman & Barney, Ltd. on 11/28/2012

Since the National Mortgage Settlement was approved in February, 2012, some banks are making a concerted effort to modify mortgages. But what if your lender rejects your application, claiming you don’t qualify for a...more