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Volume 2014 - Number 7

February 21, 2014

Stakeholders Seek Further Changes to Draft Model Law on Uniform, Consistent State Foreclosure Law

Stakeholders continued to express concern over certain provisions in a draft model law that would be used as an overlay to, rather than a replacement of, existing state foreclosure laws. While many provisions of the current draft of the Home Foreclosure Procedures Act are right on track, several other provisions would raise the cost of lender compliance and make the origination and servicing of residential mortgages more difficult, warned stakeholders. “Sensible reform of the foreclosure process should not include...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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