Mortgage Litigation Index Down Despite Foreclosure Deterioration

DALLAS, March 25, 2013 /PRNewswire/ -- Fewer actions tied to employment and compliance helped reduce overall mortgage litigation activity. But activity is expected to remain elevated above historical levels as foreclosure, investor and regulatory litigation persists.

After peaking at 264 in the second-quarter 2012, the index fell two consecutive quarters.

The latest decline was aided by employment cases, which fell to a 10-quarter low.

An accompanying white paper authored by Ballard Spahr LLP Partner Christopher Willis discusses the foreclosure trend.

Cases involving loan modifications were the most in seven quarters.

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Willis observed that regulators "continue to be very active in bringing mortgage-related enforcement actions."

He sees no return to a normal level of mortgage litigation for the foreseeable future.

Full report including white paper, category tables by quarter and full story at: http://www.mortgagedaily.com/LitigationIndex4Q032513.asp?spcode=pr

Media request complimentary report from [email protected].

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SOURCE Mortgage Daily