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Defaulted Loans: Florida State Laws, Federal Laws and Federal Regulations

Jimerson Firm

When a lender holds a defaulted loan there are several issues that need to be considered before initiating a foreclosure. Lenders holding defaulted loans will first need to consider relevant Florida laws prior to beginning any foreclosure proceedings. Foreclosures are a state law proceeding first and foremost. Busey Bank, N.A.,

Loans 98
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5 Key Provisions in the CFPB’s New COVID-19 Mortgage Servicing Final Rule

Burr Forman

The Consumer Financial Protection Bureau (“CFPB”) hopes that these provisions will prevent a new foreclosure crisis when the majority of existing foreclosure moratoria implemented by state and federal governments expire over the course of this summer.

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5 Key Provisions in the New COVID-19 Mortgage Servicing Rule

Burr Forman

The Consumer Financial Protection Bureau (“CFPB”) hopes that these provisions will prevent a new foreclosure crisis when the majority of existing foreclosure moratoria implemented by state and federal governments expire over the course of this summer.

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CFPB Issues Proposed Rule To Amend Regulation X

Collection Industry News

The proposed amendments would establish a pre-foreclosure review period to provide an opportunity for borrowers affected by the Covid-19 pandemic to be evaluated for loss mitigation before a servicer files for foreclosure.

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7th Circuit Challenges Whether Plaintiffs Had Standing in Recent District Court Cases

Troutman Sanders

The Seventh Circuit held that for a concrete injury to result from the dunning letter’s exclusion of a statement about accruing interest, the exclusion must have detrimentally affected the Spuhlers handling of their debts.

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Emerging Trends In FDCPA Litigation Against Community Association Attorneys

FDCPA Defense

Duty to disclose accruing interest, fees or other charges A significant recent trend in FDCPA case law involves courts that have imposed new disclosure obligations that are not found in the plain language of the Act. Determining the line between foreclosure activity and debt collection, however, can be elusive. ReconTrust Co.,

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We’re Debt Free [And How You Can Do It]

Credit Corp

After buckling down for about seven years, my wife and I were able to pay off our home mortgage, vehicle loans, credit card debt , recover from a prior-foreclosure, and set us up to retire with over a million dollars in my employer-sponsored retirement fund. My Debt-Free Life Started Late in My Adult Life. Pay Off Your Mortgage Early.