An “In Rem” Judgment Limits Collection To The Mortgaged Property
Loan Servicers As Plaintiffs In Foreclosure Cases

PHH v. Consumer Financial Protection Bureau: Opinion

Last Tuesday the 11th, the United States Court of Appeals for the District of Columbia Circuit issued its 110-page opinion in PHH v. Consumer Financial Protection Bureau.  If you'd like to read the entire decision, here it is.

This is all over the news. Essentially, the Court held that the structure of the CFPB is unconstitutional.  Big news.  I won't post the news articles here because a separate Google search will provide you with plenty to read.  But, as one example, here is what George Will, one of my favorite columnists, wrote about the result:   Congress insists on making itself irrelevant

The CFPB really has no involvement with commercial foreclosure issues.  It does, however, have a great impact on residential/consumer mortgage lenders and their servicers, which our firm represents in a variety of matters here in Indiana. 

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