MORTGAGE REFINANCE

摘要

The housing foreclosure crisis that began with the collapse of the subprime lending market in 2008 serves as the immediate backdrop for the decision of the federal district court for the southern district of Georgia in Bennett v. Flagstar Bank, 2011 WL 6152940 (S.D. Ga. 2011). The Bennetts (Genesis and Evora) were issued a mortgage by Flagstar Bank in September 2008 for their principal residence in Brunswick, Georgia, with the bank receiving in return a security deed on the property.