November 7, 2016
- Wells Fargo has recently experienced a great deal of difficulty in the legal community. The bank can now add to their list of issues because state and federal prosecutors are examining their mortgage-backed security practices.
- A court in Florida edited the foreclosure rules in the state. A judge in Florida determined that the statute of limitations for foreclosure filing resets each time a mortgage payment is late.
- The Second Circuit is currently reviewing a case where the plaintiff is urging the court to mandate the “sell off roughly $542 million defaulted residential mortgage-backed securities.”