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Trustee empowered to void foreclosure sale where error discovered before delivery of trustee’s deed

Miller Starr Regalia
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USA
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May 21 2013

California’s Supreme Court affirmed a trustee’s right to void a non-judicial foreclosure sale based on mistakes in the foreclosure process discovered

Freddie Mac allows early streamlined modifications; Fannie Mae issues streamlined modification FAQS

BuckleySandler LLP
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USA
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May 20 2013

On May 13, Freddie Mac announced in Bulletin Number 2013-7 that servicers can immediately begin offering modifications under the streamlined

Kansas repeals recently updated mortgage interest rate cap

BuckleySandler LLP
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USA
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May 20 2013

Recently, Kansas enacted SB 129, which repealed a provision in the mortgage interest rate law that set a floating cap on the interest rate charged

CFPB announces RESPA action against homebuilder

BuckleySandler LLP
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USA
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May 20 2013

On May 17, the CFPB announced an enforcement action against a homebuilder the CFPB alleges violated Section 8(a) of RESPA through joint venture

Freddie Mac introduces low activity fee, updates numerous sellerservicer requirements

BuckleySandler LLP
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USA
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May 20 2013

On May 15, Freddie Mac issued Bulletin Number 2013-8, which includes numerous revisions to requirements for sellers and servicers. According to the

Florida to government: your lien doesn't foreclose this old mortgage

Baker Donelson Bearman Caldwell & Berkowitz PC
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USA
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May 20 2013

The Florida Supreme Court has ruled that cities cannot create ordinances that subject prior recorded mortgages to their subsequently recorded county

National Electronic Conveyancing a step closer - new verification of identity policy proposed in South Australia - how it compares to provisions in other jurisdictions

Hunt & Hunt
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Australia
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May 15 2013

In preparation for the introduction of the NEC, South Australia is proposing to introduce Verification of Identity (VOI) requirements from 1 July

Equitable tolling allowed in alleged scheme reinsuring private mortgage insurance

Jorden Burt LLP
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USA
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May 13 2013

Plaintiff homeowners filed a putative class against Bank of America Corp. ("BOA"), Bank of America Reinsurance Corp. ("BOARC") and three primary

Indiana eliminates provisions binding interested parties not named in foreclosure actions

BuckleySandler LLP
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USA
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May 13 2013

On May 7, Indiana enacted SB 279 to (i) eliminate a provision in current law that binds certain omitted parties (i.e., parties who have an interest

Recent legal developments of interest

William Fry
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Ireland
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May 10 2013

The Government has recently introduced several measures aimed at boosting investment in Ireland. The introduction of Real Estate Investment Trusts

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Trustee empowered to void foreclosure sale where error discovered before delivery of trustee’s deed

Freddie Mac allows early streamlined modifications; Fannie Mae issues streamlined modification FAQS

Kansas repeals recently updated mortgage interest rate cap

CFPB announces RESPA action against homebuilder

Freddie Mac introduces low activity fee, updates numerous sellerservicer requirements

Florida to government: your lien doesn't foreclose this old mortgage

National Electronic Conveyancing a step closer - new verification of identity policy proposed in South Australia - how it compares to provisions in other jurisdictions

Equitable tolling allowed in alleged scheme reinsuring private mortgage insurance

Indiana eliminates provisions binding interested parties not named in foreclosure actions

Recent legal developments of interest

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