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Results: 1-10 of 682

Only promissory note holders can initiate foreclosures in Washington state

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • August 23 2012

The Supreme Court of Washington has determined that, under the Washington deed of trust act, only the actual holder of a promissory note can be the beneficiary with the power to appoint a trustee to proceed with a nonjudicial foreclosure on real property

FinCEN starts e-filing of new CTR and SAR forms mandatory use of new forms soon to follow

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • April 12 2012

The Financial Crimes Enforcement Network (FinCEN) announced on March 29, 2012, that it is now accepting the new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) forms for filing on the BSA E-Filing System

HUD face-to-face meeting rule gets expansive reading from Virginia high court

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • May 10 2012

In a decision affecting all lenders in Virginia that issue FHA-insured home loans, the Supreme Court of Virginia has adopted an expansive reading of HUD’s requirement of face-to-face meetings prior to foreclosure

HUD revises proposal to reduce seller concessions on FHA loans

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • March 1 2012

On February 23, 2012, the United States Department of Housing and Urban Development published a revised proposal to reduce the maximum concession that a seller or other interested third party may provide to a borrower purchasing a home with an FHA-insured single-family mortgage loan

Federal judge refuses to dismiss Arizona mortgage class action alleging interest rate fraud

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • February 21 2013

On January 25, 2013, a federal judge in Arizona refused to dismiss a class action lawsuit against an Arizona-based mortgage company in a case

Maryland foreclosure statutes survive constitutional challenge

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • April 12 2012

In a decision that is good news for mortgage lenders and servicers, a Maryland appellate court has upheld the constitutionality of recent amendments to Maryland’s foreclosure statutes that retroactively cured defects in certain mortgage instruments

Mortgage investor's alleged failure to be licensed could subject company to claims under debt collection statutes

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • March 21 2013

A federal court in Maryland recently declined to dismiss a borrower's claims that the owner of a mortgage loan operated as a debt collection agency

More on the Pew Payday Loan Study

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • March 4 2013

The Report arrives at four "Key Findings" and uses these Findings to attack the payday lending industry. According to the Report: 1. Twelve million

Maryland removes certain licensing exemptions

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • November 15 2012

Recent Maryland legislation has removed the exemption for affiliates and subsidiaries of federally chartered institutions from Mortgage Lender License requirements

The CFPB takes another stab at the privilege waiver issue

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • March 13 2012

One of the issues that we have discussed several times on this blog is the CFPB’s position with respect to privileged information it may request during examinations of supervised entities