Houston Chronicle-
A federal judge is considering how to move forward on nearly 800 mortgage foreclosure cases after an appeals court noted problems with how he set up an order designed to deal with the state’s mortgage crisis.
U.S. District Judge Jack McConnell heard arguments Wednesday in a courtroom filled nearly to capacity with lawyers for financial institutions and borrowers. He said he would issue a ruling later.
The 1st U.S. Circuit Court of Appeals said last month that McConnell did not follow proper procedures when he halted all foreclosure cases before the court and ordered financial institutions to try to settle with homeowners behind on their mortgage payments before allowing them to foreclose.
A special master appointed by the court to oversee mediation in the cases said in a report filed Wednesday that nearly 200 cases had been settled or otherwise dismissed under the program as of June 30.
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