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Mortgage Professionals Gather to Discuss Diversity and Inclusion

Five Star Global’s American Mortgage Diversity Council (AMCD) this week hosted its Fall Virtual Member Meeting, “Connecting Across Distances,” during which industry professionals gathered to address race and inclusion.   AMDC’s Vice-Chair Jodi Gaines, Chief Client Officer at Insight One Financial, says she believes this type of event is invaluable ...

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Legal Insights: HUD Compliance and Foreclosure Dismissals

Earlier this month, the Fourth DCA of Florida reversed a circuit court’s dismissal of Lakeview Loan Servicing, LLC’s (“Lakeview” or “the Bank”) foreclosure complaint. Lakeview Loan Servicing v. Walcott-Barr. The DCA found the Bank presented sufficient evidence to show it ...

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FHFA Releases Mortgage Relief Data for July

Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which show that: The two GSEs completed 230,198 foreclosure prevention actions ...

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Ohio Courts Add Program to Expedite Settlement Process

The United States Bankruptcy Court for the Southern District of Ohio recently announced a Mortgage Modification Mediation Program (MMM Program) to facilitate negotiations and expedite the settlement process between debtors and creditors within the bankruptcy proceedings. “The MMM Program shall ...

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Court Ruling: When Can Banks Foreclose?

A legal expert examines a recent decision in Florida where a defendant claimed the foreclosing bank didn’t properly prove the right to foreclose. The Court disagreed, and here’s why.

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Florida Court Reverses Dismissal in Foreclosure Case

Florida’s Second District Court of Appeals reversed a judgment of dismissal entered against U.S. Bank and in favor of mortgagor Charles Engle concluding the lower court erred when it held the bank failed to establish a prima facie case for ...

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Appraisals at a Distance

As current and potential homeowners continue to move forward with buying, selling and refinancing properties, it’s important that valuations are done both accurately and safely.  

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