Expansion of Eligibility for Home Affordable Refinancing Program

Stephen Ornstein, Matthew Yoon, and John Holahan of SNR Denton In this expert analysis, Stephen Ornstein, Matthew Yoon, and John Holahan of SNR Denton, examine President Obama's Homeowner Affordability and Stability Plan (HAMP), and the "guidelines, initiatives, and details that have emerged...

Adverse Actions in Loan Modification Context

Stephen Ornstein, Matthew Yoon, and John Holahan of SNR Denton In this commentary, Stephen Ornstein, Matthew Yoon, and John Holahan of SNR Denton examine a significant new development involving the provision of "adverse action" notices to borrowers who have been declined loan modifications...

Lee Berlik Says "Enjoin that Wrongful Foreclosure Before It Is Too Late"

Those considering retaining a Virginia law firm to help stave off a wrongful foreclosure should keep this useful fact in mind: your lawyer's job will be a lot easier if you take legal action before the bank forecloses on your property. Seek legal advice when you begin to fall behind on your mortgage...

Podcast: The Servicemembers Civil Relief Act (SCRA) - Mortgages, Creditors, Foreclosures, Interest Rate Caps, Repossessions, Compliance

On this edition, Kirk Jensen and Jeff Naimon of BuckleySandler LLP in Washington, D.C. discuss the Servicemembers Civil Relief Act (SCRA). They discuss how military servicemembers are protected by the act, the types of financial obligations affected by the act, including mortgages, which have been in...

New York Comptroller Announces $168 Million Settlement With National City Corp.

NEW YORK - (Mealey's) The comptroller of the State of New York has reached a $168 million settlement with National City Corp. and certain of its current and former officers and directors, settling claims that the financial holding giant misrepresented the "quality of its mortgages and home equity...