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Expert Analysis

Calif. Mortgage Industry Must Clean Up Its Documentation

Law360, New York (February 22, 2016, 12:50 PM EST) -- In a potentially far-reaching decision affecting residential mortgage lending in California, the California Supreme Court (CASC) recently reversed several prior court of appeal decisions and held that a borrower has standing to sue for wrongful foreclosure based on allegations that the assignment of the mortgage was void. (Yvanova v. New Century Mortgage Corporation, (Feb. 18, 2016) (S218973))....

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