Requiring More Documentation for ‘Proof of Claim’ Too Burdensome
May 3, 2010
Mortgage lenders strongly urged the U.S. Judicial Conference’s rulemaking committee to withdraw proposed amendments to federal bankruptcy rules, warning of adverse consequences to the mortgage industry. In recent follow-up comments to the proposed change, the Mortgage Bankers Association, American Bankers Association and Financial Services Roundtable said the proposal...