Adam Levitin | Securitization Chain-of-Title: The US Bank v. Congress Ruling
Securitization Chain-of-Title: the US Bank v. Congress ruling posted by Adam Levitin Over on Housing Wire, Paul Jackson is crowing that chain-of-title issues in mortgage securitization are overblown because an Alabama state trial court rejected such arguments in a case ironically captioned U.S. Bank v. Congress. But let’s actually consider whether the opinion matters, what the … Read more
Oregon Foreclosure Sales Stopped After Judges’ Rulings
Oregon Foreclosure Sales Stopped After Judges’ Rulings Sales of hundreds of foreclosed homes in Oregon have been halted or withdrawn in recent weeks after federal judges repeatedly questioned their legality, according to a number of real estate attorneys in the state. Lenders have withdrawn more than 300 foreclosure sales since February in Deschutes County alone, … Read more
WAPO | Behind the foreclosure crisis, big banks’ reign of error
Just another story of another “deadbeat.” Behind the foreclosure crisis, big banks’ reign of error The problem in the nation’s housing market now isn’t subprime lending. It’s subpar lenders. Last fall, my wife and I refinanced our mortgage with Citibank. Sixty days later, we received a “cancellation notice” from our homeowners insurance company “for non-payment … Read more
