|
|
|
|
|
|
Complete list of specialty news sections
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
|
Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.
|
|
Ohio Foreclosure Lawsuits Dog Lenders
Recent activity in Ohio foreclosure litigation
June 18, 2012
By SAM GARCIA Mortgage Daily
|
|
|
The Buckeye State continues to be tough on mortgage servicers, with courts frequently ruling for borrowers in foreclosure litigation. However, lenders are having some luck at the appellate level.
A review last year by Mortgage Daily found that the worst state for mortgage investors was Ohio. The findings were based on a combination of legislative and other government actions taken in attempts to hinder recovery through the foreclosure process. One big factor was foreclosure cases lost by lenders.
The report cited former Ohio Attorney General Richard Cordray -- now the director of the Consumer Financial Protection Agency -- for actions he took against GMAC Mortgage LLC and HomEq Servicing. |
subscribers read full story
subscribe & read story now
current headlines
browse free headlines by subject
|
Related:
Ohio Worst State for Mortgage Investors
The federal government has gone to great lengths to protect the less than 5 percent of borrowers who haven't been making mortgage payments at the expense of mortgage investors and the other 95 percent of current and future borrowers who will end up subsidizing the delinquents. As if that weren't enough to hurt investor demand, some individual states have gone to great lengths to delay or block lenders from enforcing their liens -- and Ohio is the biggest culprit.
|
|
|
|
|
Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.
e-mail: SamGarcia@MortgageDaily.com
|
|
|
