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--TILA Case Law
Truth in Lending Act Case Law Summaries
McIntosh v. Irwin Union Bank & Trust
--Mortgage Lender Fraud
Current Trends in Residential Mortgage Litigation
Mortgage Servicer Must Prove Up the Original Note
--Landmark Decisions in 2011
The impact of the U.S. Bank v. Ibanez case on the foreclosure and REO market. The Court’s ruling appears rather elementary: you need to own the mortgage before you can foreclose. But it’s become much more complicated with the proliferation of mortgage backed securities (MBS’s) –which constitute 60% or more of the entire U.S. mortgage market. The Court has held unequivocally that the common industry practice of assigning a mortgage “in blank” — meaning without specifying to whom the mortgage would be assigned until after the fact — does not constitute a proper assignment, at least in Massachusetts.
See Also: Ibanez v. U.S. Bank Case and Ibanez and Securitization Fail