DOJ Announces Subprime Mortgage Settlement with Wells Fargo
A multi-million dollar fair-lending settlement was recent announced by the Justice Department. Specifically, the settlement concludes a particular dispute in […]
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POSSIBLE SCAM ALERT: The Consumer Financial Protection Bureau Does NOT Offer Debt Consolidation Services
According to the Consumer Financial Protection Bureau’s blog, there is a new potential scam out in the wild — people
Following Mortgage Modification, Majority of Borrowers Fall Behind Again
A recently released study discovered that many borrowers that are behind on their mortgages and work with lenders to get
Consumer Financial Protection Bureau Releases Credit Card Complaint Database
The Consumer Financial Protection Bureau (CFPB) recently made its credit card complaint database available to the public. The data is being refreshed daily beginning
Alabama Appellate Court Rejects a Ta-Da Allonge
One common practice that I’ve seen in foreclosure cases is the magically appearing or Ta-Da! allonge. These documents are supposed
Fair Housing Administration to Sell Distressed Mortgages
The Fair Housing Administration (FHA) has announced that it will begin selling bundles of distressed mortgages as early as September 2012. The
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