201609.14
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Bank’s Failure to Comply With HAMP Trial Plan and Offer a Permanent Modification is Basis for Suit

In Arias v. Elite Mortgage Group, Inc., 2015 N.J. Super. LEXIS 13 (App. Div., Jan. 23, 2015), the Appellate Division addressed for the first time whether borrowers completing a Trial Payment Plan under the federal Home Affordable Mortgage Program (“HAMP”) have a cause of action for Breach of Contract or under the New Jersey Consumer…

201609.08
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Marcia Denbeaux Memorial Service Sat 9/10 1pm, St. Pauls Episcopal Church, 4 Woodland Road, Montvale, NJ

Saturday, September 10 at 1 p.m. at St. Paul’s Episcopal Church, 4 Woodland Road in Montvale. A reception will follow at the Denbeaux home, 3 Werimus Road in Woodcliff Lake. We look forward to celebrating Marcia’s life with you on Saturday. Here are the details for the day: 1 p.m.:Memorial Service at St. Paul’s Episcopal Church,…

201607.22
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CFPB again finds loan servicers routinely violate federal laws causing injury to homeowners

The CFPB found specific areas that loan servicers compliance is lacking in a June 2016 report. CFPB again finds loan servicers routinely violate federal laws causing injury to homeowners by Adam Deutsch In the final days of June, 2016 the Consumer Finance Protection Bureau (CFPB) released its eleventh Supervisory Highlights report. The Report offers a summary…

201607.12
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Time-Bar Invoked in Mortgage Foreclosure Action

Time-Bar Invoked in Mortgage Foreclosure Action Max Mitchell, New Jersey Law Journal July 11, 2016 SHARE PRINT REPRINTS mphillips007 Wading into the rarely-invoked statute of limitations for mortgage foreclosure actions in New Jersey, a Bergen County judge has barred a mortgage company from filing a foreclosure action, finding that the suit was brought outside the statute…

201607.12
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July 12th News of the Week HUD Accountability Hearing

HUD Accountability Hearing, Full House Financial Services Committee Hearing, Wednesday, July 13, 10 a.m EST Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, on Thursday  to appear before his Committee to answer questions about the effect of recent changes to HUD’s delinquent loan sales program on taxpayers. The HUD Secretary accepted the…