CFPB Takes Action Against Flagstar Bank for Loan Modification Abuses

SEP 29 2014 Prepared Remarks of CFPB Director Richard Cordray on the Flagstar Enforcement Action Press Call BY RICHARD CORDRAY Today the Consumer Financial Protection Bureau is taking its first enforcement action under the Bureau’s new mortgage servicing rules. We are entering an order against Michigan-based Flagstar Bank for violating those rules by failing borrowers […]

Arizona Supreme Court Denies Review of Steinberger: Steinberger and Stauffer Stand as Lone Pillars of Hope in a Formerly Hopeless Situation for Arizona Homeowners

Yesterday was a good day for homeowners in Arizona, yet in a very quiet way.  Often in the law, it is the seemingly bone-dry incremental progress that can change the whole chess game.  I think most lawyers have expended some effort trying to explain their exuberance over a seemingly tiny development to  audiences including our […]