From The Texas Lawyer, July 18, 2011 With the economic downturn, the number of consumer credit-related suits filed in U.S. District Courts in Texas has steadily increased over the past five years. In 2005, 81 such cases were filed in Texas, according to PACER, the federal courts' online filing system. But in 2010, that number rose to 390. The trend is on track to continue this year. From Jan. 1 to June 30, 2011, the number of consumer credit-related cases filed in Texas' U.S. District Courts totaled 263, compared to 190 for the same period in 2010, PACER shows. The numbers include consumer … [Read more...]
State attorneys general tackle mortgage servicing
From the Washington Post By Brady Dennis, Thursday, March 17, 9:00 PM State attorneys general, who soon will enter settlement talks with the nation’s largest mortgage servicers after revelations of flawed foreclosure paperwork and other shoddy practices, will accept nothing less than wholesale changes to the way those companies treat troubled homeowners, the group’s leader said Wednesday. “We’re trying to shift the servicing industry from [being] a dysfunctional one to a functional one,” Iowa Attorney General Tom Miller, who’s heading up the 50-state coalition, said in an interview. “If … [Read more...]
