Wells Fargo Class Action Suit Survives Dismissal
In addition to Wigod v. Wells Fargo, it seems that more Plaintiffs are surviving motions to dismiss in their lawsuits […]
Practice Note: The Business Records Rule and Affidavits
Bob Lawless over at Credit Slips recently wrote about a recent ruling from the Tennessee Court of Appeals. The case hinges on
Can I Be Arrested For Failing To Pay My Debts?
The United States abolished debtor’s prisons in the 1830s. Less-than-scrupulous debt collectors are using a loophole in Illinois state law
Illinois Attorney General Madigan Announces $20 Million In Legal Assistance Funding
Illinois Attorney General Lisa Madigan has announced that $20 million of the funds Illinois will receive from the foreclosure fraud settlement will
The City of Chicago’s Abandoned Property Pivot
When the City of Chicago first began addressing the challenge of abandoned properties, it was focusing the majority of its
The Consumer Financial Protection Bureau To Propose New Mortgage Servicing Rules
This summer, the Consumer Financial Protection Bureau will formally propose new rules for mortgage servicers. The rules will be finalized
Federal Regulators Considering Fines For Eight More Mortgage Servicers
Even though the much ballyhooed foreclosure fraud settlement has been a bit of a letdown, it has not stopped federal
Freddie and Fannie: Principal Reductions Make Sense
As first reported by Pro Publica and NPR News, Freddie Mac and Fannie Mae have released statements in favor of granting
Have You Received A Letter from Bank of America? I Finally Saw One.
I recently had the opportunity to see one of the Bank of America offer letters. These are the offer letters
Landmark Mortgage Settlement May Inadvertently Increase Mortgage Scams
The U.S. Department of Justice and U.S. Department of Housing and Urban Development (HUD), in addition to 49 attorneys general,