eClosing
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Ongoing MERS lawsuits may hurt current RMBS
Mar 28, 2011Ratings agency DBRS says a lack of consistency when it comes to court rulings on the legal standing of the Mortgage Electronic Registration Systems, or MERS, could negatively impact RMBS deals by causing further delays in the foreclosure process. For this reason, the agency is watching MERS cases closely to determine what sort of pattern emerges. DBRS said it has found a lack of consistency among courts who have addressed MERS’ legal standing in situations where a foreclosure is filed on a servicer’s property that is assigned to MERS.
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Originating: Life Estates: The Changes and the Challenges
Mar 28, 2011 -
Texas HOA bill to prevent foreclosures on active military passes Senate
Mar 24, 2011 -
Four AGs say foreclosure settlement proposal promotes strategic default
Mar 23, 2011 -
Connecticut foreclosure mediation bill moves out of banks committee
Mar 22, 2011 -
Texas bill to prevent HOA foreclosures on active military passes committee
Mar 15, 2011 -
DOJ investigating Saxon for military mortgage compliance
Mar 14, 2011 -
Process serving reform calls for renewed transparency, integrity and innovation
Mar 10, 2011 -
Bank of America launches mortgage program to assist servicemembers
Mar 10, 2011 -
AARP Files Suit Against HUD for RM Policies
Mar 09, 2011 -
AARP sues HUD over reverse mortgage foreclosures
Mar 08, 2011 -
BarCap expects industry pushback on mortgage servicing proposal
Mar 08, 2011
