FAPA and the Groundbreaking Impact on the Mortgage Industry
Author: Andrew B. Messite.; Michael V. Margarella.
Source: Volume 40, Number 06, June 2024 , pp.53-56(4)
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Abstract:
Eighteen months after the enactment of the Foreclosure Abuse Prevention Act (“FAPA”), litigants still face uncertainty and unresolved constitutionality issues, and await more definitive rulings from the New York state and federal appellate courts.Keywords: Enforceability; Retroactive Use; Debt Acceleration; Freedom Mtge. Corp. v. Engel
Affiliations:
1: Reed Smith LLP; 2: Reed Smith LLP.