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Mortgages › Robo-Signing

The term "mortgage" typically refers to a mortgage loan.  A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +
The term "mortgage" typically refers to a mortgage loan.  A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and uses that property as collateral for the loan. less -
Morrison & Foerster LLP

Financial Services Report - Fall 2014

Morrison & Foerster LLP on

In This Issue: - Beltway Report - Bureau Report - Mobile and Emerging Payments Report - Mortgage and Fair Lending Report - Operations Report - Preemption Report - Privacy...more

Bilzin Sumberg

Main Street Cashes $3.1 Billion in Checks from Wall Street

Bilzin Sumberg on

With the mortgage crisis almost a decade in the rear-view mirror, some harmed homeowners are just now starting to see reparations for the transgressions of the country’s largest financial institutions. ...more

Bilzin Sumberg

Robo-Signing Still Making Headlines As Wells Fargo Settles Another Lawsuit

Bilzin Sumberg on

“Robo-signing,” the term coined to refer to bank officials who quickly approved mortgage foreclosure documents without actual knowledge of the validity of the grounds for foreclosure, has been spurring lawsuits and making...more

Saul Ewing Arnstein & Lehr LLP

State v. Brown Affords Managers in the Mortgage Processing Industry a Cautionary Tale

Saul Ewing Arnstein & Lehr LLP on

In Brief: - Significant jail time can result from overseeing and directing unauthorized robo-signing activities. - Victims of unauthorized robo-signing include residential mortgage servicers, in addition to...more

Ballard Spahr LLP

Mortgage Banking Update - March 21, 2013

Ballard Spahr LLP on

In This Issue: - Uniform State Test Implementation Nearing - Mortgage Servicer's Alleged Failure To Be Licensed Subjects Company to Claims under State and Federal Debt Collection Statutes - Sixth Circuit...more

Bilzin Sumberg

Taking The Easy Way Out Again: Recent OCC/Big Banks Settlement

Bilzin Sumberg on

Any follower of this blog or the mortgage crisis at large will — sadly — not be surprised by the seemingly never-ending news of foreclosure misdeeds by the nation’s biggest banks. Recent news reveals a particularly...more

Holland & Knight LLP

Lenders Must Comply with New Foreclosure Requirements in Illinois Courts

Holland & Knight LLP on

Mortgage lenders in Illinois are required to use the judicial process to obtain collateral and enter deficiency judgments against borrowers. In February 2013, Illinois crafted two new rules adding additional requirements to...more

Foley & Lardner LLP

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

Foley & Lardner LLP on

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

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