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Real Estate & Property Law

: The Home Equity Theft Reporter

Federal Court Ruling May Complicate Loan Modifications As Investors In Securitized Trusts Assert Their Rights Against Mortgage Servicers

By r morris

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The New York Times reports:A federal judge in Manhattan has rejected an argument by Countrywide Financial seeking certain protections from investor lawsuits under new legislation intended to encourage modifications of home loans. Countrywide, the big mortgage company, had argued that the legislation automatically voided its pledges to buy back loans from investors if those loans were modified for

Full post as published by The Home Equity Theft Reporter on August 21, 2009 (boomark / email).

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