News & Analysis as of September 20, 2024

Foreclosure › Credit Reporting Agencies

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

Litigation Byte (August Edition)

McGlinchey Stafford on 8/30/2024

The Litigation Byte is the new name and format for McGlinchey’s Commercial Law Bulletin. Our new format reflects McGlinchey’s national coverage and our expanded footprint while still serving up the digestible, insightful...more

Litigation Byte (June Edition)

McGlinchey Stafford on 7/16/2024

COVID-19 Mortgage Servicing Trends Report

Bradley Arant Boult Cummings LLP on 9/9/2020

Bradley is proud to share the following information collected from the live polls presented at its weekly COVID-19 Compliance Roundtables. This report is intended to show industry trends, not facts, and does not necessarily...more

Consumer Law Hinsights – July 2020

Hinshaw & Culbertson - Consumer Financial... on 8/4/2020

Welcome to Consumer Law Hinsights?a monthly compilation of nationwide consumer protection cases of interest to financial services and accounts receivable management companies. This edition highlights our interactive COVID-19...more

Loan Servicers’ Obligation to Maintain Appropriate Database Systems

BCLP on 4/8/2019

The background to the Eleventh Circuit’s decision in Marchisio v. Carrington Mortgage Services, LLC, — F. 3d — (11th Cir. March 25, 2019)(2019 WL 1320522) demonstrated repeated recklessness by a lender in updating its...more

Loan Servicer Not “Foreclosed” From Reporting Default to CRAs

Womble Bond Dickinson on 10/31/2018

We have a good one for our lender and servicer friends out there. In Bauer v. Roundpoint Mortg. Servicing Corp., No. 18 C 3634, 2018 U.S. Dist. LEXIS 184328 (N.D. Ill. Oct. 29, 2018), the Court held that despite a court...more

Ninth Circuit Declines to Hold CRA Responsible for Subscriber’s Misapplication of Credit Report

Kilpatrick on 6/19/2018

In Shaw v. Experian Information Solutions, Inc., No. 16-56587, 2018 WL 2424105 (9th Cir. May 29, 2018), the Ninth Circuit affirmed summary judgment on FCRA class claims against Experian based on a subscriber’s erroneous use...more

CFPB Highlights Mortgage Complaints in Third Monthly Complaint Report

Ballard Spahr LLP on 9/25/2015

The CFPB has issued its September 2015 complaint report, the third in its new series of monthly complaint reports. The new report spotlights mortgage complaints and complaints from consumers in the Denver, Colorado, metro...more

Mortgage Banking Update: 10th Circuit: Law Firm Not Required To Flag Erroneous Credit Reports in Foreclosure Proceeding

Ballard Spahr LLP on 5/3/2013

A law firm hired to foreclose on a property was not required under the Fair Debt Collection Practices Act (FDCPA) to inform a credit reporting agency of erroneously negative credit reports on the borrower, even if the firm...more

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Foreclosure › Credit Reporting Agencies

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