Millions of homeowners are still coping with mortgage foreclosures and mortgage modifications. On January 14,2014 new CFPB rules under the Real Estate Settlement Procedures Act (RESPA) go into effect comprehensively regulating mortgage servicers. Violations of these new rules give homeowners a right to sue in federal court for actual and statutory damages and attorney fees. Learn about the rules that will give homeowners new remedies against banks and other servicers for the paperwork shuffle and runaround that is still all too common. We will also discuss the continuing impact of the national mortgage servicer settlement.
Alan White joined the faculty at CUNY School of Law in 2012. He teaches consumer law, commercial law, bankruptcy, comparative private law and contracts. He is a nationally recognized expert on credit regulation and the residential mortgage market. Professor White is a past member of the Federal Reserve Board’s Consumer Advisory Council, a member of the American Law Institute, and is currently serving as reporter for the Uniform Law Commission’s project on a Residential Real Estate Foreclosure statute.Before becoming a full-time teacher, Professor White was a supervising attorney at the North Philadelphia office of Community Legal Services, Inc., and was also a fellow and consultant with the National Consumer Law Center in Boston and adjunct professor with Temple University Law School and Drake University School of Law.