Monday Morning Cup of Coffee: G-fees won’t pay for highways

Monday Morning Cup of Coffee: G-fees won’t pay for highways

Fed inaction leaves analysts strongly neutral on mortgage bonds

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Servicing / The Ticker

Texas law governs BofA foreclosures in Utah

foreclosure sign
/ Print / Reprints /
| Share More
/ Text Size+

A federal court in Utah held that Texas law applies in a local foreclosure case since the foreclosing banking unit is located in the Lone Star state.

According to The Salt Lake Tribune, a federal court ruled that Texas law governs foreclosures in Utah when the process is carried out by a Texas-based unit of Bank of America (BAC).

U.S. District Judge David Sam had agreed with ReconTrust’s arguments that because its offices are in Texas when it carried out foreclosure procedures in Utah, national banking laws and regulations mean that the governing law is in the state in which its offices are located.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus