AZ 2nd to Worst State at Getting Aid to Homeowners–WTG AZ

From the Arizona Republic: A newly released federal audit found that Arizona has one of the worst records of any state in dispersing federal housing aid to struggling homeowners. The audit, released late Monday, found that Arizona distributed the second lowest percentage of federal “Hardest Hit” mortgage aid directly to homeowners, despite being one the […]

Vermont Supreme Court Finds No Principled Basis for Depriving Homeowner of State Law Protection By Allowing Bank to Use Standing as Sword

The Vermont Supreme Court issued an interesting decision October 18, 2013, Dernier v. Mortgage Network, Inc., Mortgage Electronic Registration Systems, Inc., and U.S. Bank National Association.  They reversed in part the trial court’s dismissal of the homeowner’s mortgage-related claims, and remanded back to trial court for further proceedings.   In so doing, the Vermont Supreme […]

Bashing the Borrower and the Borrower’s Attorney: Do Some Attorneys Need a Fresh Lesson in Professionalism?

This is an excerpt from a piece by Scott Stafne, about his journey into a creditor-lawyer-heavy seminar.  It turns out that they are indoctrinating young attorneys to engage in abusive litigation tactics (threaten sanctions and ethics charges against homeowner attorneys, though these bank attorneys are the ones presenting false, shoddy evidence to the court) and […]

New York Attorney General Targets Wells Fargo for Failure to Follow Servicing Standards of National Mortgage Settlement

Press Release from New York Attorney General: NEW YORK – Attorney General Eric T. Schneiderman today announced that he is suing Wells Fargo so that a federal judge will compel the bank to honor its commitments under the 2012 National Mortgage Settlement. At a press conference in New York, Attorney General Schneiderman also announced that […]

“Can We Trust Trustees?” Asks John Campbell

This is a law review article by John Campell entitled “Can We Trust Trustees? Proposals for Reducing Wrongful Foreclosures”  An excerpt on the complicated role that trustees play in modern foreclosures: In many states, trustees are deeply imbedded in every step of the foreclosure process. The trustee is a sort of chameleon who takes on […]