The California Homeowner’s Bill of Rights:Assessing Its Current Impact on the Industry WithRegard to Class Actions, Judicial Foreclosure,Regulation X, Preemption, Dual Tracking andSingle Point of Contact

October 23, 2014 5:10pm


John Calvagna
McGlinchey Stafford

E. Scott Palmer
Palmer, Lombardi & Donohue LLP

  • HBOR defenses and preemption issues
  • Are class actions authorized?
  • Whether statutes are preempted by federal laws regulating national banks and S&L associations
  • Combatting the increased litigation costs to lenders (which in turn increases burden on consumers)
  • Further delays in non-judicial foreclosure process
  • More judicial foreclosures?
  • Erosion of incentive for short sales
  • Regulation X
  • Dual tracking and single point of contact issues