News & Analysis as of September 23, 2024

Foreclosure › Government Accountability Office

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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 -

GAO Holds that the Government Cannot Ignore the Effects of COVID-19 and the CARES Act in Soliciting Future Work

Obermayer Rebmann Maxwell & Hippel LLP on 10/29/2020

On October 26, 2020, the Government Accountability Office (GAO) published its decision in the Matter of Chronos Solutions, LLC, in which the GAO sustained several pre-award protests of a Department of Housing and Urban...more

Financial Institutions and Creditors’ Rights: Ninth Circuit Finds SCRA Liability Based on Prior Servicer’s Actions

Spilman Thomas & Battle, PLLC on 6/9/2014

The Servicemembers Civil Relief Act (“SCRA”) was signed into law in 2003, greatly expanding prior legislation in order to better assist servicemembers in avoiding default and foreclosure while they are on active duty. The...more

GAO Issues Report on Independent Foreclosure Review

Goodwin on 5/15/2014

The GAO released its third and final report reviewing the Independent Foreclosure Review, an evaluation of the foreclosure practices of several mortgage servicers required by the consent orders entered into with the OCC and...more

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Foreclosure › Government Accountability Office

GAO Holds that the Government Cannot Ignore the Effects of COVID-19 and the CARES Act in Soliciting Future Work

Financial Institutions and Creditors’ Rights: Ninth Circuit Finds SCRA Liability Based on Prior Servicer’s Actions

GAO Issues Report on Independent Foreclosure Review

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