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Winning Bidder At Sheriff's Sale Entitled To Recoup Some, But Not All, Of His Deposit After Sale Is Vacated
  • Porzio Bromberg & Newman PC
  • USA
  • June 16 2017

A recent decision from the Appellate Division drives home (1) the duty of sellers at sheriff's sales to announce all material information about the


Maine Amends Consumer Credit Code to Regulate Mortgage Loan Servicers
  • Buckley Sandler LLP
  • USA
  • June 16 2017

On May 30, Maine Governor Paul LePage signed into law S.P. 444, which amends the state’s Consumer Credit Code to improve the mortgage foreclosure


Treasury Issues Report Encouraging Sweeping Reforms to Regulation of Consumer Financial Products and Services
  • Buckley Sandler LLP
  • USA
  • June 15 2017

On June 12, the Treasury Department issued the first of four reports to the president detailing its review of financial regulation in the United


Supreme Court Holds Debt Buyers Not Subject to FDCPA
  • Duane Morris LLP
  • USA
  • June 15 2017

This decision may interest and benefit certain purchasers of defaulted mortgage loans who later face FDCPA claims. This decision


Condominium Association Cannot Collect Unpaid Fees from Lender’s Assignee
  • Stark & Stark
  • USA
  • June 15 2017

On June 6, 2017, the New Jersey Appellate Division ruled that a foreclosing mortgagee is not liable for unpaid condominium maintenance fees simply


New Jersey Giveth And Taketh Away: Recent Steps to Reduce And To Increase Regulatory Burden On Home Mortgage Lenders
  • Reed Smith LLP
  • USA
  • June 14 2017

Recently, the State of New Jersey has taken a small step in the direction of less regulation over home mortgage lenders and, virtually at the same


Florida District Court Dismisses Plaintiff’s Complaint Alleging Violations of RESPA Due To Lack Of Article III Standing In Light Of Plaintiff’s Failure To Allege Actual Damages
  • Riker Danzig Scherer Hyland & Perretti LLP
  • USA
  • June 14 2017

The United States District Court, Middle District of Florida, recently granted defendant loan servicer’s motion to dismiss Plaintiff’s complaint


2017 CREFC Annual Conference: Into the Heart of the Swamp
  • Dechert LLP
  • European Union, United Kingdom, USA
  • June 14 2017

CREFC held its Annual Conference last week in Washington D.C. Given the current politically charged climate, 2017 felt like a very appropriate time to


Appeal Denied in Los Angeles Fair Housing Suit
  • Buckley Sandler LLP
  • USA
  • June 12 2017

On May 26, the Ninth Circuit issued decisions affirming the District Court's decisions to grant summary judgments in two separate lawsuits brought


CFPB Fines Mortgage Servicer for RESPA Violations
  • Buckley Sandler LLP
  • USA
  • June 9 2017

On June 7, the CFPB ordered a mortgage servicer to pay up to $1.15 million in restitution for failing to provide borrowers with required foreclosure