Search Results for: foreclosure

The four executive actions President Donald Trump signed Saturday may face legal challenges because the Constitution grants Congress, not the president, the power to tax and spend. Trump signed three presidential memoranda and an executive order to provide economic relief for the economic crisis caused by COVID-19. The three memoranda seek to increase the unemployment [...]

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The Massachusetts Senate on Friday approved a bill that imposes a moratorium on foreclosures and evictions during the COVID-19 pandemic. The bill was then sent to Governor Charlie Baker for approval. “ purposes, which are to establish forthwith a moratorium on evictions and foreclosures during the governor’s COVID19 emergency declaration … necessary for the immediate [...]

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The Judicial Council, the policymaking body of the California courts, approved 11 temporary emergency rules on Monday to ensure California courts can meet the state’s health directives while also providing the public with due process and access to justice. The rules that were adopted include “setting bail statewide at $0 for misdemeanors and lower-level felonies to [...]

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US President Donald Trump announced Wednesday that his administration would be suspending all evictions and foreclosures through the end of April to ease people’s concerns during the COVID-19 outbreak. In addition, he activated the Defense Production Act, which was established in the 1950s and used during wartime. It allows the president to force American businesses [...]

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The US Supreme Court ruled unanimously Wednesday in Obduskey v. McCarthy & Holthus LLP that a business is not a “debtor collector” under the Fair Debt Collection Practices Act, except in enforcing security interest under 15 USC §1692f(6). Homeowner and political activist Dennis Obduskey sued law firm McCarthy & Holthus when they attempted to carry out [...]

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The US Court of Appeals for the Ninth Circuit ruled Wednesday that the Federal National Mortgage Association (Fannie Mae) does not qualify as a “consumer reporting agency” as defined in the Fair Credit Reporting Act (FCRA), and therefore cannot be sued for misreporting that an Arizona couple had a prior foreclosure. Fannie Mae’s proprietary software, Desktop Underwriter (DU), [...]

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The Greek Parliament approved new legislation Tuesday cutting pensions and increasing the rate of privatization. The measures were taken in order to satiate creditors and receive aid under the country's third bail-out procedure. Included in the deal...

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