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Bankruptcy law

Weil overbilled bankrupt Ditech by $476,000, trustee says

An internal "work-in-progress" meeting attended by eight lawyers at a cost of $5,845. Two hours of exchanging emails for $1,380. A $133.34 taxi...
Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners | 2019-06-18

Blackstone moves to take full ownership of Stearns Lending when lender exits Chapter 11...

When and if Stearns Holdings, the parent company of Stearns Lending, successfully completes a “comprehensive financial restructuring” and reorganization through Chapter 11 bankruptcy,...
Sen. Elizabeth Warren, right, and former Vice President Joe Biden.

Biden v. Warren: Banking could take center stage in Democratic debate

WASHINGTON — Banking policy has been largely absent from the two first Democratic presidential debates. But that could change when former Vice President...
Vehicles are reflected in the window of a Bank of America branch in Chicago.

BofA sides with elderly borrowers in Ditech bankruptcy

Bank of America, which took heat for how it treated customers in the mortgage crisis a decade ago, has emerged as a champion...
Blackstone sells off more than $1 billion in shares of Invitation Homes | 2019-05-30

Stearns Lending declares Chapter 11 bankruptcy | 2019-07-09

Just nine months ago, Stearns Lending was very much in growth mode, acquiring an equity interest in Citywide Home Loans, rolling out new loan programs and...

Live Well Financial forced into involuntary bankruptcy | 2019-07-03

Live Well Financial has officially entered bankruptcy protection, as a Delaware judge granted a petition Monday that forces the defunct lender into Chapter...
Creditors try to force Live Well Financial into bankruptcy | 2019-06-18

Creditors try to force Live Well Financial into bankruptcy | 2019-06-18

In May, Live Well Financial abruptly shuttered operations, said it would no longer be funding forward or reverse mortgage loans and laid off...

New York Court approves representation for mortgage borrowers in Ditech bankruptcy | 2019-05-21

The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect...

Mortgage borrowers win protection in Ditech bankruptcy, Ditech fights back | 2019-05-14

The long and winding saga of Ditech’s bankruptcy continues, as the U.S. Trustee grants a request to create a committee to protect consumer...
cfpb giving servicers more latitude in dealing with borrowers in bankruptcy 2018 03 08

CFPB giving servicers “more latitude” in dealing with borrowers in bankruptcy

Mortgage servicers are about to have “more latitude” when it comes to dealing with borrowers entering or exiting bankruptcy, the Consumer Financial Protection...

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