Real Estate & Property Law

Loan Modifications and PSA contract limits
One of the obstacles to preventing foreclosures through loan modifications has been the restrictions in securitization contracts. The pooling and servicing agreements ("PSAs") that create securitization trusts usually limit the servicer's authority to rewrite mortgage terms on behalf of the...

Aggressive Mortgage Mods Work
By Alan M. White A distressed homeowner?s chances of being offered a meaningful loan restructuring, as opposed to demands for increased payments to make up past defaults, depends a lot on which mortgage servicing company they happen to be dealing...

GSEs Loan Mods Fall, as Loan Reinstatements Rise
Government entities Fannie Mae (FNM: 0.69 0.00%) and Freddie Mac (FRE: 0.71 0.00%) have pledged in recent months to do their part in tackling the foreclosure mess, largely through easing borrowers#8217; payments through loan modifications and unsecured loans...

Kurt Eggert Paper: What Prevents Loan Modifications
Kurt Eggert has written What Prevents Loan Modifications? 18 Housing Policy Debate No. 2. Here's the abstract: This comment describes the barriers to preventive servicing for securitized residential loans and assesses the importance of loan modifications, given the recent increases...

Mortgage Magic--Recreating Servicing Documents
The latest uproar about mortgage servicing in bankruptcy is an admission by Countrywide that it "recreated" documents related to the servicing of a consumer's home loan. The short story is that Countrywide says a debtor's monthly mortgage payment changed during...

Columbia Profs Tackle Loan Mods
Three Columbia University professors are the latest to weigh in on the much-discussed topic of loan modifications in a report released late last week. In a two part proposal, which suggests creating financial incentives for servicers and reducing the red tape around workouts, the academics provide what they consider a comprehensive solution to boost modifications [...

The Future of Mortgage Servicing
In my prior post on mortgage servicing, I talked about the potential of mortgage servicers to be harmful barriers between homeowners and investors, both of whom may want to negotiate a loan modification...

NPR: Countrywide Loan Officer Coaching Loan Applicants to Lie
by Christopher Peterson National Public Radio ran a story this morning reporting on a Washington, D.C. family's experiences applying for a loan with Countrywide. The customer says that Countrywide's loan officer aggressively coached her to lie about her and her...

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification

Legal Forms
Business and Commercial Legal Forms

SunTrust HELOC Loan Termination
SunTrust HELOC allegedly violated clients contracts by decreasing, freezing, or terminating HELOC loans.

Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action

Aurora Loan Faces Class Action over Mortgage Review Services
Aurora Loan Faces Class Action over Mortgage Review Services

Student Loan Xpress Settles Class Action with Students
Student Loan Xpress Settles Class Action with Students

Americash Advance
Faces Class Action Over Loan Terms

Loan Agreement
Vernalis to pay Endo Pharmaceuticals $7 million settlement.