Relevant:
- United States: Sixth Circuit Holds That Mortgage Foreclosure And Foreclosure Lawyers Are Subject To The FDCPA
- U.S. Fifth Circuit Court of Appeals Rules Foreclosing in Texas Without the Note is Okay
- GSEs Redoing 1,250 MERS Foreclosures in Michigan
- AIG Suit Against Bank of America to Be Sent to State Court - Syndication Content Article - American Banker
- Fannie & Freddie: The biggest bailout
2013-01-25 — mfi-miami.com
The 6th US Circuit Court of Appeals ruled that foreclosures were indeed about the collection of money and therefore fall under the Federal Debt Collections Practices Act. This is bad news for Fannie and Freddie because the foreclosure mills and servicers can no longer conceal the owner of the debt.
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