Ohio Supreme Court Holds Foreclosure Action Void If Party Filing Suit Did So Before Becoming Actual Party in Interest

Ohio Supreme Court Holds Foreclosure Action Void If Party Filing Suit Did So Before Becoming Actual Party in Interest Assignment of Note After Suit Filed Does Not Cure Lack of Standing The Supreme Court of Ohio ruled today that a party’s standing to initiate a mortgage foreclosure lawsuit is determined on the date the complaint … Read more

Michael Olenick: How Fannie Enriches Private Equity Investors at Taxpayer and Homeowner Expense

Michael Olenick: How Fannie Enriches Private Equity Investors at Taxpayer and Homeowner Expense By Michael Olenick, creator of NASTIACO, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data Corporate welfare queen Fannie Mae has decided to spread their taxpayer … Read more

Ruvin v. Federal National Mortgage Association – Miami Dade Clerk of Court Sues Fannie, Freddie Over Unpaid Transfer Taxes

Miami Dade Clerk of Court Sues Fannie, Freddie Over Unpaid Transfer Taxes Fannie Mae and Freddie Mac, the home mortgage-finance companies now under government control, were accused by Miami-Dade County, Florida, of failing to pay transfer taxes when they took ownership and sold thousands of foreclosed properties. Harvey Ruvin, clerk of the courts for Miami-Dade … Read more

Fannie, Freddie Give “Relief” to Borrowers Hit by Hurricane Sandy

Fannie, Freddie give relief to borrowers hit by Hurricane Sandy Oct 30 (Reuters) – Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy. The aid applies to property owners living in towns and cities along the eastern United States that have been declared disaster … Read more