When it comes to making the choice between homeownership or renting, here's how the numbers are breaking down across the nation.
Read More »How Mortgage Servicers Can Turn COVID’s Biggest Challenges into Customer Retention
Mortgage servicers face two huge challenges in the COVID era: (1) how to prepare for more serious homeowner hardships as key relief policies expire in late-2020 and early-2021, and (2) how to retain 4 of 5 borrowers who currently get new loans from a new lender.
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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.
Read More »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 ...
Read More »Expert Insights: An Update on Demand Letter Litigation
A recent ruling in Illinois has implications for mortgage servicers operating in the state. Here’s what you need to know.
Read More »Navigating Distressed Asset Investment
Turbulent times create opportunities and uncertainty. How can investors identify what is a potential good investment versus a risky bet?
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