GLAZER v CHASE HOME FINANCE: FDCPA – 6th Circuit Court of Appeals Rules Mortgage Foreclosure is Debt Collection Under the Act

FDCPA – 6th Circuit Court of Appeals Rules Mortgage Foreclosure is Debt Collection Under the Act UNITED STATES COURT OF APPEALS FOR THE SIXTH CIRCUIT _________________ LAWRENCE R. GLAZER, Plaintiff-Appellant, v. CHASE HOME FINANCE LLC; CINDY A. SMITH; REIMER, ARNOVITZ, CHERNEK & JEFFREY CO., L.P.A.; RONALD CHERNEK; and DARRYL E. GORMLEY, Defendants-Appellees. No. 10-3416 Appeal … Read more

Bank of America v. Casey: Paragraph 22 of Mortgage – Substantial Compliance Rejected, “Bring a court action” Language Does Not Substantially Comply

The “Bring a court action” language does not substantially comply with Paragraph 22, says Broward County judge in blistering opinion Substantial compliance rejected A Broward county judge has issued a new ruling, in what I think should be the last word on the matter: defective letters just don’t constitute substantial compliance. Here’s the scorching language … Read more

Kentucky Attorney General Conway Files Suit Against “MERS” In Foreclosure Investigation

Kentucky Attorney General Conway Files Suit Against “MERS” In Foreclosure Investigation Attorney General Jack Conway announced that his office filed a lawsuit today in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. The lawsuit is a result of General Conway’s … Read more

Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’

Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’ On March 16, 2007, Morgan Stanley employees working on one of the toxic assets that helped blow up the world economy discussed what to name it. Among the team members’ suggestions: “Subprime Meltdown,” “Hitman,” “Nuclear Holocaust,” “Mike Tyson’s Punchout,” and the simple-yet-direct: “Shitbag.” … Read more