Foreclosure Updates

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