Bankruptcy Courts Can't Strip Jr Liens (June 1)
Junior liens held by mortgage lenders can't be voided by a bankruptcy judge just because the borrower is in a negative-equity position, according to a decision from the nation's high court.
Wholesaler Settles Charges of Discrimination (May 29)
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.
NY Foreclosure War Rages as Servicers, State Team Up (May 26)
Mortgage holders in New York continue to battle delinquent borrowers, judges and challenges to standing based on, in one instance, "law office failure" and, in another, "clerical error." Servicers have teamed up with the state government to cut down on "zombie properties."