Professor Kurt Eggert discussed unfair mortgage lending practices in an article featured in Southside Pride. “Lenders have an interest in painting themselves as responsible, even caring entities. … They want to cast blame for the sub-prime meltdown and make themselves seem like the victim of borrowers in order to fight off additional regulations.” Read the
Professor Kurt Eggert was quoted in an article in St. Petersburg Times entitled, “Government’s hired mortgage servicers have checkered pasts.” The article discusses how mortgage servicers are in the best position to rework loan terms under President Obama’s Home Affordable Modification Program but they face lawsuits for illegal practices. Eggert said, “There is no question that
Professor Kurt Eggert was quoted in an article entitled, “Mortgage Aid Targeted Most-Delinquent Borrowers First, Leaving Others Waiting.” The article details a survey that found mortgage servicers participating in the Obama administration’s foreclosure prevention program are concentrating on the most delinquent borrowers, largely ignoring eligible borrowers who have not yet gone into default. Eggert stated
Professor Ronald Rotunda filed an amicus curae brief with the California Supreme Court on behalf of the National Organization of African Americans in Housing (NOAAH), on the ethics of government lawyers collecting contingency fees for cases of public interest.
Professor Daniel Bogart traveled to Chicago’s PLI Seminar on Commercial Real Estate Financing to give two presentations: “A Visit to the Courthouse:” “‘Waste’ is Back: Borrower Beware” and “Recent Issues in Mortgage Loan Enforcement.”
Professor Kurt Eggert was interviewed for an article in the Los Angeles Times, entitled “Financial regulators missed the big picture, big problems.” The article discusses the lack of oversight of subprime mortgage lenders that ultimately led to today’s financial crisis. “Whole chunks of the mortgage business, including securitization, were almost completely unregulated,” Professor Eggert stated.
Professor Eggert was quoted in the OC Register’s Mortgage Blog (http://mortgage.freedomblogging.com/) and the Dayton Business Journal, where he addressed the Obama foreclosure plan. He said “Obama needs to make sure the effort helps the housing market and just does not result in lenders reworking a limited number of mortgages and then collecting federal incentives….“There is
Professor Kurt Eggert was quoted in a Los Angeles Times article entitled “Housing relief becomes a fence between neighbors.” The article discusses the opposing views among homeowners regarding government funded mortgage relief. In support of government relief, Professor Eggert stated “We’re all in this economy together, and if the economy goes down the tubes, it’s
Professor Kurt Eggert was quoted in article in the Wall Street Journal entitled, “Proposal Is Heavy on Incentives to Modify Loans: Challenges Include Dealing With Mortgages Sold to Investors and Borrowers Who Owe Lenders More Than Homes Are Worth.” In the piece, Professor Eggert stated, “This is the first real significant step to try to
Professor Kurt Eggert was quoted in a story in the Inland Valley Daily Bulletin about the slow down in homebuilding, “State homebuilders association warns of ‘homebuilding depression.’” In the story, he stated, “The other question is: How many people receiving that (proposed homebuyer tax) credit would’ve been purchasing homes anyway?” Professor Eggert says the problem