USFN Publications | e-Update |
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USFN e-Update Keeps You Briefed on Local Updates, Industry Issues, and Trends |
Thank you for reading the USFN e-Update, providing you with a timely digest on current national and state topics related to mortgage loan servicing. With curated content provided by USFN law firm members, this bimonthly newsletter is available to all USFN members and industry professionals who want to stay in the know on local, state, and national cases, and industry trends. Be sure to forward this email to colleagues who will benefit from the up-to-date information or contact us to add your entire team to the mailing list.
Connect with our authors and their firms via LinkedIn by clicking on their names and/or firm names.
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Changing of the Guard
Championing DEI with Vulnerability and Strength
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Sally Garrison,
Outgoing DEI Section Chair
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Hello, my friends and colleagues. It is time for me to hand off the leadership of USFN’s Diversity, Equity, and Inclusion (DEI) Section. I admit I am sentimental about it. I love this group of people. They have servants’ hearts coupled with a desire to advocate for our community. It is hard not to love them and be inspired by them. I am so honored to have been a facilitator for all the ideas and innovation generated by this group.
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In Focus: USFN Member Spotlight
Collaboration and camaraderie are just two reasons why Associate Member Jan Duke of a360inc loves to attend USFN's Member Retreat. Hear Jan share her USFN story in this installment of USFN's Member Spotlight Series, and, if you haven't already, meet Jan at this year's Member Retreat, Dec. 1-2 in Philadelphia.
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Fall 2022 USFN Report Now Available on NEW Digital Platform!
Now you can easily read, scroll, and share the latest default industry news in the Fall USFN Report in its new online format. In this latest Fall edition, you can catch up on the Hunstein ruling, learn how to leverage the recent interest rate increases to your advantage in bankruptcy plans, get tips for avoiding age discrimination, and follow some interesting case strategies from Minnesota and Kansas.
You can read the Report from your phone, computer, laptop, or tablet on our new interactive online platform.
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Maine's High Court Requests Amici Briefs in Appeal |
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Will "Free House" Precedent be Overturned?
The Maine Law Court has requested amici briefs in an appeal filed by J.P. Morgan Mortgage Acquisition Corp., regarding key issues in Maine foreclosure law: strict statutory compliance with Maine’s demand letter statute and the res judicata effect of a judgment for a defendant based on a finding that a mortgagee’s demand letter failed to strictly comply.
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USFN Submits Amicus Brief in Maine Moulton Case
USFN submits amicus curiae brief in the case of J.P. Morgan Acquisition Corp. v. Camille Moulton. Pursuant to the Maine Supreme Court’s invitation to submit amicus briefs, the USFN was proud to submit a brief outlining the industry’s position and hopefully taking a big step toward reversing the State of Maine’s “Free House” trend.
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Connecticut: Appellate Court Clarifies Interplay of the Appellate Stay and the Effectiveness of Law Days in Strict Foreclosures
On August 30, 2022, the Connecticut Appellate Court issued its opinion in the case of Lending Home Funding Corporation v. REI Holdings, LLC, 214 Conn. App. 703, 2022 WL 3712640 (2022). In the opinion, the Appellate Court clarifies the rules of practice that govern the appellate stay and how those rules interact with and affect the law days set in a judgment of strict foreclosure. The opinion serves as a reminder to foreclosing plaintiffs to thoroughly review the court file to ensure that all stays have expired, so that valid title is obtained after a foreclosure. READ THE FULL STORY
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Maine: Servicer Satisfies Business Records Rule in Enforcing Mortgage
Recently, a mortgage loan servicer prevailed at trial on its foreclosure action in Maine, satisfying its burden of proof and meeting the requirements of the integrated business records rule. In Nationstar Mortgage, LLC v. Jones, ALFSC-RE-17-78, the plaintiff filed suit to enforce a mortgage loan it serviced for an investor. READ THE FULL STORY
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Got Questions
We'll get the answers! Have a mortgage servicing default issue that you would like to see addressed? Submit your question via this form, and we will share with our Publications and Education team to be considered either for an upcoming publication or Briefing.
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Opinions of the authors and/or material may not reflect the views of USFN and its membership. Stories written by non-members or guest authors are not an endorsement of any particular product or service.
To access archives of past e-Updates or subscribe to USFN's array of print and digital reference publications, visit USFN.org.
*Denotes firm is a 2021 Award of Excellence recipient.
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Upcoming Events & Activities |
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DEC 1-2
THE BELLEVUE HOTEL
PHILADELPHIA, PA
Members & Associate Members
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COMPLIMENTARY MONTHLY BRIEFINGS @ 1 PM CT
NOV 9 | BANKRUPTCY
DEC 13 | DIVERSITY, EQUITY & INCLUSION
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ON DEMAND RECORDINGS AVAILABLE
1.0 | CORE CONCEPTS
2.0 | UNDER THE MICROSCOPE
3.0 | THE BASIC FORMULA
Register to view FREE on demand default servicing training with focused modules led by experienced industry leaders!
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USFN and its members provide the information contained in this newsletter as a public service and for general information purposes only. It is not provided in the course of an attorney-client relationship, is not intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in the relevant jurisdiction.
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