New York Court approves representation for mortgage borrowers in Ditech bankruptcy

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New York Court approves representation for mortgage borrowers. – New York Court approves representation for mortgage borrowers in Ditech bankruptcy | 2019-05-21 By admin 19 hours ago The Bankruptcy Court of the Southern District New York denied Ditech ‘s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries.

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The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have.

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 · The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have.

Mortgage borrowers win protection in Ditech bankruptcy, Ditech fights back May 14, 2019 RSS FEED No comments The long and winding saga of Ditech ‘s bankruptcy continues, as the U.S. Trustee grants a request to create a committee to protect consumer interests in the proceedings.

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 · The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries. The creation of the committee was first approved last month by the U.S. Trustee, a division of the Department of [.]

New York Bankruptcy Court Holds Mortgage Servicer in Contempt for Sending Periodic Statements to a Borrower Discharged in Bankruptcy. However, under the current mortgage servicing rules, there is an exemption to the periodic statement requirement if the borrower is in bankruptcy. As we explained in a prior advisory, that broad exemption is being significantly narrowed under amendments that take effect on October 19, 2017.

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