Spotlight on Securitized Trusts in Residential Mortgages and Homeowner Bill of Rights (NV and CA)

July 25, 2017 12:40pm

Peter J. Van Zandt
Shareholder
LeClairRyan

Gwen H. Ribar, Esq.
Partner
Wright, Finlay & Zak, LLP

  • Yvanova case on securitized trusts, assignments, and lack of standing
    • big issue in California when loans in securitized trust formed back in 2007 and 2008 and foreclosures taking place in 2014
  • Intended impact of the end of the Homeowners Bill of Rights until end of this year
    • loan modification and servicers obligations and responsibility