Foreclosure/Bankruptcy

Attorneys Stephen M. Hladik and Kent McPhail share their insights on the state of the housing market, and the topics covered on their new podcast, What the M.

Attorneys Laura M. Hawley and Michael P. Hogan examine a century of loss mitigation options for borrowers to remain in their homes and avoid foreclosure.

Attorney Daniel C. Chilton discusses advancements in artificial intelligence, and how reliant we have become on it in the mortgage servicing industry.

“The uptick in overall foreclosure filings nationwide points toward a trend that may suggest more increased activity is on the horizon as we enter the new year,” said ATTOM CEO Rob Barber.

Attorneys Thuy Frazier and Cole Patton discuss what happens when a borrower passes away before the underlying mortgage obligation has been satisfied.

According to the National Consumer Law Center, when the GSEs sell loans to private investors it can cause borrowers to lose protections to keep them out of foreclosure.

Attorney Michelle Garcia Gilbert discusses how technology is simplifying mortgage and servicing processes while also improving the customer experience.

The Federal Housing Agency and the Consumer Financial Protection Bureau have been called on to fix servicing problems and create additional protection for the 480,000 outstanding reverse mortgages in the country.

As we move through Q1 2023, attorney and Legal League Chair Stephen M. Hladik provides an outlook as to what issues are likely to make their way to the appellate courts in 2023.

“While still below pre-pandemic totals, bankruptcy filings continue to increase amid growing debt loads due to inflationary pressures and reduced availability of low-cost financing,” said ABI Executive Director Amy Quackenboss.