Tagged: Bankruptcy

LegalShield data shows foreclosure inquiries up 20% year over year as borrowers shift from research to action, signaling potential rise in filings

Voxtur Analytics’ bankruptcy filing has reinforced ALTA’s warning that attorney opinion letters are a fragile and inferior alternative to title insurance, raising renewed concerns about risk, liability, and consumer protection for lenders and regulators

Shellpoint and BNY Mellon seek to dismiss a class action over revived second mortgages, arguing no duty to send statements on debts discharged in bankruptcy amid growing scrutiny of “zombie lien” practices

Consecutive months of annual increases in bankruptcy filings highlight households still struggling with debt

Some originators specialize in helping borrowers facing these financial hardships.

As legal complexities intensify following Sprout Mortgage's shutdown, a U.S. Bankruptcy Judge intervenes, halting settlement funds and escalating legal actions against former executives.

CEO continues to actively recruit loan officers, a source confirms.

Creditors seek $1.35M from Sprout by filing Chapter 7 petition in New York court.

Decision OK'd after one-day delay for reverse mortgage lender to provide additional funding information.