Default Mortgage Servicing of Litigated Matters in the COVID-19 Era

April 20, 2021

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The COVID-19 pandemic has directly impacted the default mortgage servicing industry and has broadly affected default litigation matters nationwide. As state and federal governments seek to mitigate the impact of the virus, new regulations have been implemented to slow the rate of foreclosures and evictions. Consequently, mortgage servicers and their counsel have been forced to navigate a constantly shifting sea of regulations.

Shanna Boughton (Boston), Patrick Voke (Boston), and Dennis Amore (New York City) co-authored an article summarizing some of the regulatory developments affecting default mortgage servicers and further considerations for handling default litigation in the ABA Business Law Section’s The Business Lawyer, Volume 76, Issue 2, Spring 2021.

Read the full article here.

Insights

Event

Webinar: Navigating New York’s Foreclosure Process Post-COVID-19

Thursday, March 3, 2022

Join McGlinchey’s New York Consumer Financial Services Team for a 90-minute interactive webinar discussing New York foreclosure practice in light of the end of the hardship moratorium.

Presentation

New York Legislative Session Wrap Up

June 17, 2021

Jeff Barringer (Albany) will present a wrap-up of the New York Legislative Session during the Mortgage Bankers Association (MBA) State Legislative & Regulatory Committee (SLRC) Meeting on June 17, 2021.

Alert

NY Court of Appeals Issues a Landmark Decision on the Statute of Limitations in Mortgage Foreclosure Actions

February 18, 2021

On February 18, 2021, the New York Court of Appeals issued a landmark decision in four cases related to the application of the statute of limitations to foreclose a mortgage in New York. Most notable is the long-anticipated decision in Freedom Mortgage Corporation v. Engel (“Engel”), which reversed the Appellate Division’s prior decision on theMore

Alert

COVID Relief Updates: Mortgages, Debt Collection, and Student Lending

February 9, 2021

Since the beginning of the year and the change in Presidential administrations, a number of relief measures granted in response to the COVID-19 pandemic have been extended. Below are updates regarding relief measures in place pertaining to mortgage foreclosures and evictions, debt collection, and student lending.

Presentation

Mortgage Forbearance – The Road Ahead

December 10, 2020

Sanford (Sandy) P. Shatz (Irvine) will chair a panel on Mortgage Forbearance on Thursday, December 10, 2020, during the FinTech and Consumer Finance Webinar.

Alert

NYDFS FAQs Confirm Scope of COVID Mortgage Forbearance Law

August 5, 2020

On June 17, New York Governor Andrew Cuomo signed legislation creating N.Y. Banking Law § 9-x, which relates to residential forbearances as a result of COVID-19. Recently, the NYDFS released FAQs to address questions from those in the industry.