David J. Stern launches legal battle against nation’s biggest mortgage servicers

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David J. Stern: The man behind the crumbling foreclosure empire By Diane C. Lade, Sun Sentinel March 15, 2011 Attorney David J. Stern has spent much of the past year in the spotlight, as reports of legal troubles plaguing Florida’s home foreclosure system continue to emerge.

David J. Stern launches legal battle against nation’s biggest mortgage servicers Bad mortgage company leading to foreclosure User Name:. I just meant that I can’t call my mortgage company preditary based on the HUD definition of preditary lending for most of the listed items, because they did not initiate the mortgage terms, they only purchased it..

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Loan applications decline as mortgage interest rates skyrocket The average interest rate on 30-year home loans backed by the Federal. s seasonally adjusted gauge on applications for mortgage refinancing dropped 9 percent, to 838.1, the lowest since December.

By Ray McGovern It was summer 1963 when a senior official of CIA’s operations directorate treated our Junior Officer Trainee (JOT) class to an unbridled rant against President John. head in.

David J. Stern launches legal battle against nation’s biggest mortgage servicers Foreclosure king no more, David J. Stern is fighting back against former clients whose business once elevated him to one of the richest and most well-known default services lawyers in the country.

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Foreclosure king no more, David J. Stern is fighting back against former clients whose business once elevated him to one of the richest and most well-known default services lawyers in the country. The fight is taking place largely in state and federal courtrooms via 25 lawsuits where Stern alleges that the biggest names in the mortgage industry owe him more than $34 million in unpaid invoices .

CoreLogic: More foreclosures lead to fewer underwater mortgages The number is down 13 percent from the second quarter and 35 per. More. Serious delinquency is defined as 90 days or more past due, including those loans in. CoreLogic reports there were 41,000 completed foreclosures nationwide in. some “seriously delinquent” underwater homeowners to avoid foreclosure.

The case of Florida Bar v. David J. Stern just reached its next-to-last step, as the judge presiding over the hearing recommended disbarment. The report is scathing. Read it for yourself: Florida Bar v. David J. Stern: Report of Referee [.]

Two giant mortgage lenders bailed. covering the costs. Edward J. DeMarco, the acting director of the federal housing finance agency, told the Times: ‘I understand the frustration regarding the.