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Loan Servicer Mortgage Loan Servicing Standards

Burr & Forman

Florida Supreme Court Sets the Standard for Loan Servicer Business Record Authentication

Burr & Forman on

On July 2, 2020, the Florida Supreme Court issued its ruling Jackson v. Household Finance Corporation III, et al., SC18-357, 2020 WL 3580036, and provided new guidance for record authentication under the business records...more

Goodwin

New York DFS Fines Loan Servicer $100,000 for Violations of Vacant and Abandoned Property Law

Goodwin on

On January 16, the New York Department of Financial Services (DFS) announced that it fined a New York state-registered mortgage loan servicer $100,000 for failing to maintain two properties in New York under New York’s...more

Ballard Spahr LLP

Massachusetts Amends Debt Collector and Third-Party Loan Servicer Regulations

Ballard Spahr LLP on

The Massachusetts Division of Banks recently amended 209 CMR 18, "Conduct of the Business of Debt Collectors and Loan Servicers." The final amended regulations clarify and establish new standards of conduct for debt...more

Ballard Spahr LLP

Director Cordray targets payday and student lenders in remarks to Consumer Advisory Board

Ballard Spahr LLP on

Director Cordray’s prepared remarks for yesterday’s meeting of the CFPB Consumer Advisory Board contained some particularly ominous signs for student and payday lenders. ...more

Orrick - Finance 20/20

CFPB Bulletin on Servicers’ Obligations During Loan Transfers

Orrick - Finance 20/20 on

February 11, the CFPB issued a bulletin advising mortgage companies about their legal obligations that protect consumers during loan transfers between mortgage servicers....more

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