By David Dayen, August 2, 2017 The Volcker rule was a sensible principle on the day Paul Volcker announced it in January 2010, in the first Obama administration response to Scott Brown’s Senate victory. Financial institutions shouldn’t be able to take deposits and use the money to gamble in the capital markets. Simple, right? But …
Blog Pete’s Take Porzio Bromberg & Newman PC http://www.lexology.com/library/detail.aspx?g=06b8e212-01e0-4a00-aacf-87b6af32b34d USA August 1 2017 Lawsuits arising out of foreclosures and mortgage modifications are common. (Even more common than lawsuits about gyms or health clubs if you can believe that.) Nearly every day there is a decision from the Appellate Division arising out of a residential foreclosure. …
EverBank failed to comply with a condition precedent to foreclosure, imposed by HUD regulations, requiring that in the event of payment default, the mortgagee have a face-to-face meeting with the mortgagor, or make a reasonable effort to do so. This was a Massachussets Appeal Court case entitled Everbank v. Chacon, that was originally filed in …
EverBank failed to comply with HUD Face-to-Face Requirements Read More »
