If we’re to restore the rule of law in foreclosure cases, it’s going to take a lot more than the fall of Stern’s firm, which is just one of several “foreclosure mills” in Florida. Others are under investigation. Maybe some of t…
A partial settlement plan has been constructed by a group of state attorneys general and federal regulators. In theory, it addresses banks’ flawed mortgage servicing, modification and foreclosure practices. In reality, it just …
All across Florida, courts are starting to clear their overwhelmed dockets by dismissing foreclosure cases the banks have failed to prosecute. In one division of one of Florida’s 20 judicial districts, perhaps as many as 2,700 …
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
Banks created the Mortgage Electronic Registration System to save themselves a boatload in fees by keeping mortgage transfers off the books of local governments. Now, a New York judge says the whole system violates state law, a…