Mortgage Foreclosures in the Spotlight

October 25, 2010
Issues regarding the process of handling mortgage foreclosures have captured widespread attention during the last several weeks. While largely a documentation issue that is likely to be promptly rectified by most lenders and servicers, allegations that large numbers of foreclosures have been processed without adequate review, and that documents used in the foreclosure process did not meet legal requirements, have raised broad concerns. This update reviews the impact of these developments as well as how to prepare for potential challenges to business practices and reestablish credibility in the marketplace and with regulators.