Through a compromise or concession, depending on your viewpoint, the new version of the Arizona statute that defines the required content of your Notice of Sale now includes the following additional warning language.
UTA has submitted an amicus brief in the case of Yvanova v. New Century Mortgage Corporation. The brief was drafted and filed by Jonathan D. Fink, Esq., Wright Finlay & Zak, on behalf of UTA.
The California Mortgage Association (CMA) provided detailed comments to CFPB in response to the agency’s proposed rules to expand foreclosure protections for mortgage borrowers - specifically surviving family members and other homeowners with the same protections as the original borrower.
For better or worse, the California legislature is back in action to begin the 2015-2016 two-year session, and some of the issues relating to UTA may carry a sense of, well, familiarity. Both on issues supported and opposed by trustees, at least four of the most important bills identified of...
The Los Angeles city council voted on November 12th to amend the foreclosure registry ordinance to add a registration fee for any single family resident property when the status changes to foreclosure completed. Read UTA’s opposition letter. Read story in Los Angeles Times
The Consumer Financial Protection Bureau (CFPB) has an additional set of measures designed to expand foreclosure protections for mortgage borrowers, specifically surviving family members and other homeowners with the same protections as the original borrower. Read the full story in DS News. Read details about CFPB’s proposal. Read a copy...
The California Legislature has been described as operating a bill factory, an assembly-line operation where the “product” is new laws. There is some truth to that: each year the Assembly and Senate introduce 2000-2500 new laws, of which slightly less than half are eventually enacted and signed into law by...
UTA will be filing an amicus brief in a case that addresses whether a nonjudicial foreclosure constitutes debt collection. The case – Ho v. ReconTrust Company – also addresses whether nonjudicially foreclosing is covered by FDCPA (Fair Debt Collection Practices Act).
Laurie Maggiano, Program Manager for Servicing and Secondary Markets at the Consumer Financial Protection Bureau leads a panel that will update UTA members on CFPB rules, the issues in 2014 and what’s around the corner in 2015.Read the conference program and register today!
Four bankruptcy judges from California and Arizona will be participating in the ‘Please Be Seated!’ panel discussion on issues that affect trustees’ day-to-day operations at the upcoming UTA conference in La Quinta. Read the conference program and register today!