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497 Hooksett Rd. #105
 Manchester, NH 03104 
Phone: (603) 685 4301

In the News

Appeals Court says Attorney General Martha Coakley can continue investigation into Newton law firm over alleged ‘deceptive acts’ tied to foreclosures - Business - The Boston Globe

Massachusetts Attorney General Martha Coakley on Monday applauded a state Appeals Court decision that gave her permission — once again — to investigate a Newton law firm specializing in home foreclosures.

The recent unanimous court ruling affirmed a 2011 Suffolk Superior Court decision allowing Coakley’s office to continue examining Harmon Law O

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HET: 9th Circuit: Dual-Tracking Of Homeowner Making Prompt Payments Under Loan Modification Agreement Constitutes Adverse Action That Triggers Bankster's Duty To Give Notice Within 30 Days Under Federal ECOA

In San Francisco, California,

Bloomberg reports:


Wells Fargo & Co. (WFC) must face borrowers’ claims that it violated the Equal Credit Opportunity Act by starting foreclosure proceedings while the customers were making payments under a loan-modification agreement.

The U.S. Court of Appeals in San Francisco [] reinstated the claims of John and Carol Schlegel, who received default notices after the bank told them to proceed with payments under a loan-modification plan and failed to respond to their inquiry seeking an explanation.

The bank’s action, the court found, constituted a revocation of credit without notice required under the Equal Credit Opportunity Act, which makes it illegal for creditors to discriminate against applicants and requires them to provide an explanation within 30 days when denying or revoking credit or changing credit terms.

 

New Residential closes $43 billion in Nationstar MSRs | HousingWire

New Residential closed another huge mortgage servicing rights deal earlier this month, in addition to an earlier deal inked two months ago with affiliate Nationstar Mortgage.

The latest deal includes MSRs from the Bank of America ($13.53 0%) transaction with Nationstar ($39.18 0%). BofA sold more than $10 billion in MSRs to Nationstar.

The latest

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Wells Fargo Must Face Foreclosure Suit After Loan Accord - Bloomberg

Wells Fargo & Co. (WFC) must face borrowers’ claims that it violated the Equal Credit Opportunity Act by starting foreclosure proceedings while the customers were making payments under a loan-modification agreement.

The U.S. Court of Appeals in San Francisco today reinstated the claims of John and Carol Schlegel, who received default notices

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Company Contact

Stellionata Consulting, LLC

497 Hooksett Rd. #105

Manchester, NH 03104

Phone: (603) 685 4301

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Chain of Title

A few years ago, there was a lot of media hype about "producing the original note." There was almost equal response from the mortgage/foreclosure industry that the original note wasn't important and that reasonable facsimiles that were attested to as being "true and accurate copies of the original" were/are good enough to demonstrate that the current "bearer" of the copy is the rightful note holder and, therefore, has title and interest in the promissory note and has legal standing to foreclose.

Find out more