SouthFloridaBankruptcyLawBlog

The issues present in the many of the mortgages that are part of today's mortgage crisis have been much debated. It appears that there is much more yet to be debated or learned. In order to help resolve the mortgage crisis, many have urged mortgage servicers and the state Attorney Generals to reach a "global settlement." Among those is Chairman of the FDIC, Sheila C.

Yesterday's New York Times has an article "For the Jobless, Little U.S. Help on Foreclosure".

The article states or quotes those who suggest the following:

On April 13, 2011, the United States Senate Permanent Subcommitte on Investigations, Committe on Homeland Security and Governmental Affairs issued its report "Wall Street and the Financial Crisis: Anatomy of a Financial Collapse."

The Miami Herald reports today that the 11th Circuit Court, which includes Miami-Dade County, has made a change in the organization that has been managing the mortgage foreclosure mediation program since its initiation. It has replaced the Collins Center with the Oasis Alliance Corporation, apparently based in Tampa. Herald quotes a director of the Collins Center that it operates in "six of Florida's judicial districts and receives $275 for each case it handles, [and] has managed about 8,000 foreclosure mediations in Miami-Dade over the past two years."

The Miami Herald reports today that the 11th Circuit Court, which includes Miami-Dade County, has made a change in the organization that has been managing the mortgage foreclosure mediation program since its initiation. It has replaced the Collins Center with the Oasis Alliance Corporation, apparently based in Tampa. Herald quotes a director of the Collins Center that it operates in "six of Florida's judicial districts and receives $275 for each case it handles, [and] has managed about 8,000 foreclosure mediations in Miami-Dade over the past two years."