Major Banks to Delete Records for Some Borrowers Who Filed for Bankruptcy

Major Banks to Delete Records for Some Borrowers Who Filed for Bankruptcy Two top U.S. banks are preparing to delete negative credit reporting records for some borrowers who filed for bankruptcy, after facing accusations of letting poor marks for unpaid debt haunt borrowers’ credit even after the debt was canceled. At a hearing last week, … Read more

Tenants Renting from Wall Street Pay More

Tenants Renting from Wall Street Pay More According to a report released today by a California tenant advocacy group, Wall Street-backed corporations, which bought up thousands of foreclosed single family homes in California between 2009 and 2013, are charging renters above-market rents while making shoddy, minimal investments to maintain the vast inventories of homes they control … Read more

Group Accuses Fannie Mae of Racial Discrimination

Group Accuses Fannie Mae of Racial Discrimination INDIANAPOLIS (WISH) — The Fair Housing Center of Central Indiana is one of 20 civil rights groups accusing the Federal National Mortgage Association, or Fannie Mae, of racial discrimination. The groups say Fannie Mae catered to primarily white neighborhoods, while neglecting neighborhoods with mostly minorities. The National Fair … Read more

Ocwen Forcing Homeowners Into Expensive Insurance

Ocwen Forcing Homeowners Into Expensive Insurance Overcharges may still be widespread because companies find other ways to receive kickbacks Anyone who has taken out a home mortgage knows that one of the borrower’s key responsibilities is to pay hazard insurance premiums on the property and not let the policy lapse. But are you aware that … Read more

MERS Litigation — Brief Of Amicus Curiae The Legal Services Center of Harvard Law School And Law Professors in Support of The Appellee, Montgomery County, Pennsylvania, Recorder Of Deeds

SUMMARY OF ARGUMENT MERS represents a major departure from and grave disruption of recording practices in counties such as Montgomery County, Pennsylvania, that have traditionally ensured the orderly transfer of real property across the country. Prior to MERS, records of real property interests were public, transparent, and provided a secure foundation upon which the American … Read more