Loan Think

The (Foreclosure) Empire Strikes Back!

Mortgage servicers have been getting whacked upside the head thanks to the 'Foreclosure-gate' scandal, sweeping the nation. But a Florida law firm that processes foreclosures for servicers has won a battle (for now) against state attorney general Bill McCullom (a former Republican Congressman, by the way.) Judge Jack S. Cox of the Fifteenth Judicial Circuit in Palm Beach County ordered an immediate halt to the investigative subpoena issued by McCollum's office. The "Petition to Quash" was brought by Shapiro & Fishman, LLP, which has been targeted for investigation concerning foreclosure processes throughout Florida. In his five-page ruling, Judge Cox said the Attorney General lacks jurisdiction over this matter. More to come on the National Mortgage News website in an hour…

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