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?
Read More »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.
Read More »Protecting Homeowners From Fraud
The Federal Trade Commission has tallied nearly 50,000 reports of COVID-19-related scams. Click through to read more.
Read More »Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules
Here are the key takeaways regarding the enforcement of certain mortgage servicing rules governing borrower communications in response to the COVID-19 emergency.
Read More »Effective Foreclosure Prevention in a Crisis
These are the lessons that clearly jump out when reviewing foreclosure and home price data in the aftermath of the Great Recession of 2008 as well as more recent, regional market trauma caused by natural disasters.
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