Mortgage Law

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Democrats and Republicans Compromise on Foreclosure Relief Bill

Under pressure from consumer groups and troubled homeowners to prevent further collapse in the housing market, Senate Democrats and Republicans are working together to create a foreclosure relief bill.

2Apr2008 | iaff_staff | 0 comments | Continued
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Tax-Exempt Bonds May Be Used to Help Homeowners Refinance

With foreclosures on the rise in nearly every area of the country, the White House is under pressure from consumer advocates to do something to address the crisis. One of the latest solutions involves letting states issue tax-exempt bonds to help troubled homeowners refinance.

4Jan2008 | iaff_staff | 1 comment | Continued
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True Sale, False Securitizations

by Aaron Krowne and Moe Bedard
A story we broke this past Tuesday in regards to the Ohio Federal Court Deutsche Bank ruling has been getting a tremendous amount of attention, and probably rightfully so. It wasn’t long after we posted it here that dozens of bloggers and forums were circulating the news around cyberspace.
Calculated Risk’s [...]

16Nov2007 | admin | 5 comments | Continued
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The Judicial Integrity of the United States Court is “Priceless” – 27 More Foreclosures Dismissed

By Aaron Krowne & Moe Bedard
In a decision piggy-backing on Judge Boyko’s recent Deutsche Bank ruling (announced on this site Tuesday), Judge Rose has thrown out another batch of foreclosures, making the following summary remarks:
“This court is well aware that entities who hold valid notes are entitled to receive timely payments in accordance with the [...]

16Nov2007 | akrowne | 4 comments | Continued
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Loan Rescission – When Three Days Really Means Three Years

By Nathan Fransen, Esq.- a practicing mortgage law attorney in the State of California.
Most people are familiar with the “three-day right to cancel” period after signing a refinance loan secured by a principle dwelling. Lenders even provide documentation that clearly identifies the procedure for canceling the loan and the time in which it [...]

16Nov2007 | Moe Bedard | 0 comments | Continued
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Deutsche Bank Foreclosures Tossed Out of Ohio Federal Court – “They Own Nothing!”

by Moe Bedard and Aaron Krowne
Judge Christopher A. Boyko of the Eastern Ohio United States District Court, on October 31, 2007 dismissed 14 Deutsche Bank-filed foreclosures in a ruling based on lack of standing for not owning/holding the mortgage loan at the time the lawsuits were filed.

12Nov2007 | akrowne | 11 comments | Continued