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Foreclosure Updates

May 26, 2011

This might be of interest to those who work with clients dealing with foreclosure concerns, including those who work with affected military service members and their families. A few articles about significant developments that have occurred over the last several months:

Wall Street Journal - Banks Face $17 Billion in Suits Over Foreclosures
Bloomberg - JPMorgan Settles Military Mortgage Suits for $56 Million
Military Times - Banks must take second look at foreclosures
Military Times - Feds investigate banks after SCRA complaints
Federal Deposit Insurance Corporation (FDIC) - Supervisory Insights Special Foreclosure Edition: Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks

Jerry Buchko


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