Supreme Court of Missouri Opinion in Holm v. Wells Fargo
Read the Supreme Court of Missouri opinion in Holms v. Well Fargo here.
Read the Supreme Court of Missouri opinion in Holms v. Well Fargo here.
Read the Missouri Lawyers Weekly article or visit their website.
Read the Read the Missouri Court of Appeals opinion here..
In 2011, the ten largest servicers of mortgage loans in the United States were banks. Two years later, only five of the ten largest servicers of mortgage loans were banks. The trend is for non-banks to service delinquent loans. The two largest non-bank servicers of mortgage loans are Ocwen and Nationstar. This trend is evident […]
Two sociologists collected recent data from the National Suburban Poll conducted annually by Princeton Survey Research Associates, in conjunction with the National Center for Suburban Studies at Hofstra University. The result is a treasure trove of demographic detail focusing on the ten million Americans who went through a foreclosure between 2007 and 2012, in the […]
Why does it take years to get approved for a loan modification? Does it really take 8 submissions of financial asset/expense sheets and payroll information of a steady income to prove that a consumer is eligible for a trial payment plan and/or modification? The answers are simple, and yet little has been done to ease […]
A home loan servicer is the company that collects loan payments on what is likely to be the most significant asset you own: your home. The servicer then passes the payment income stream to the owner or investor of the note. A homeowner rarely knows the identity of the owner of their note. The investor […]
What happens when you meet your end of a deal to stave off a foreclosure, and then the bank forecloses on your house anyway?
Ask David and Crystal Holm. The Holt, Missouri, couple believed that they had met Wells Fargo’s terms to stop a foreclosure on their home. Then they spent six years in limbo.
After the […]
After nearly a year of discovery disputes, a Missouri judge threw up his hands and threw out all of the defense pleadings in a wrongful foreclosure case. As a result, the loan servicer now owes the homeowners more than $3.25 million.
Read more: http://molawyersmedia.com/2015/02/06/judge-hits-bank-with-record-judgment-for-wrongful-foreclosure/#ixzz3R5LERtkJ
Or download the PDF here.
2/1/15 – New York Times, Fair Game by Gretchen Morgenson
Big banks hold great sway in Washington these days, far more than troubled homeowners do. But outside the Beltway, many people remain caught in the maw of the financial giants, which is why it is heartening when some judges step into the fray.
Consider two opinions involving […]
The 6.5 year fight of a Missouri family to keep their home ended on Monday, January 26, 2015. The deceptions of Wells Fargo were exposed in a Clinton County, Missouri courtroom. Wells Fargo and Freddie Mac were represented by the Missouri default services firm of Kozeny & McCubbin. Kozeny’s trial team of Martin Blanchard, Andrew […]