select portfolio

Select Portfolio Servicing Caves! Walks Away From Foreclosure Battle.

Select Portfolio Servicing Voluntarily Dismisses Foreclosure Case With Prejudice Against MFI-Miami Client MFI-Miami client Eliaquin Ortega scored a decisive victory against Select Portfolio Servicing. Attorney Claudio Cedrez-Pellegrino successfully argued MFI-Miami’s findings that led to victory in the case. MFI-Miami found that the MBS Trust (Multiclass Mortgage Pass-Through Certificates Chaseflex Trust Series 2007-M1) did not have legal standing […]

New Laws Prohibiting Dual Tracking in the Foreclosure Context

 Amy Loftsgordon, Nolo Dual tracking occurs when a mortgage holder continues to foreclose on a homeowner’s home while simultaneously considering the homeowner’s application for a loan modification. In the past, dual tracking was common. However, new rules issued by the Consumer Financial Protection Bureau (CFPB) as well as various state laws and the National Mortgage Settlement (NMS) […]

Are Hedge Funds Here To Save The Day Like Mighty Mouse?

Hedge Funds Unlikely Saviors for New York-Area Homeowners Prashant Gopal, Bloomberg Louis Ragusa, who hasn’t paid his mortgage in two years, says he now has a chance to save his Blackwood, New Jersey, home from foreclosure after a hedge fund bought the loan. American Homeowner Preservation, a Chicago-based investment firm, purchased the mortgage for less than half […]

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