A Washington bankruptcy court recently agreed with a pro se debtor that mortgage servicing agents do not possess legal standing to bring relief from stay motions in chapter 13 cases.
In re Jacobson, 2009 WL 567188 (Bky.W.D.Wash. March 6, 2009), involved a chapter 13 bankruptcy debtor whose mortgage servicing agent filed a motion seeking an order from the [...]

On January 5, 2009, Florida-based Mortgage Foreclosure Solutions, Inc., agreed to a $1.2 million settlement with the Federal Trade Commission.  The FTC had sued the foreclosure “rescue” service in February 2008, alleging unfair and deceptive practices in violation of federal law.  The defendant claimed, in numerous websites and blogs, that it could stop mortgage foreclosures regardless [...]

On November 18, 2008, the National Community Reinvestment Coalition filed a complaint with the federal Office of Fair Housing & Equal Opportunity, alleging that Fitch Ratings Ltd. and Moody’s Investors Services unlawfully inflated ratings of subprime mortgage securities. The securities were based upon mortgages made in black and Hispanic communities, contributing to high rates of mortgage foreclosure in those [...]