By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group Is it 2008 again? For us in the mortgage industry, we woke up this week feeling as if during the night, we were transported back to 2008 when the mortgage industry basically collapsed. Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. As of March 25, 2020, like everything...
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By Henry E. Hildebrand, III, Chapter 13 Standing Trustee for the Middle District of Tennessee
Repeated failure of a mortgage servicer to comply with the disclosure requirements of Rule 3002.1 justifies the imposition of significant sanctions against the servicer. In re Nicholas and Amanda Gravel, et al, 556 B.R. 561 (Bankr. D. Vt. September 12, 2016) (Brown)
Case Summary
Judge Colleen Brown of the District of Vermont consolidated several actions brought by the Chapter 13 Trustee against PHH Mortgage Corporation. The Trustee asserted that PHH had repeatedly included in the debtors’ mortgage . . .
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