Foreclosure/Bankruptcy

Attorney Kathleen Achille examines a recent Florida Circuit Court case where the lender was allowed to proceed with its foreclosure case in a state trial court, even with the borrowers’ notice of removal to federal court.

MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.

With the nation’s highest foreclosure rates found in the states of New Jersey, South Carolina, and Delaware, ATTOM reports a near 30% quarter-over-quarter rise in third quarter default notices, scheduled auctions and bank repossessions, approaching levels seen before the pandemic.

A new white paper challenges the notion of disruption in the mortgage space, and how the utilization of proper software can bring this idea to fruition.

MortgagePoint invites you to get to know this year’s Five Star Lifetime Achievement Award recipient: Kim Yowell, EVP of Servicing for Fairway Independent Mortgage Corporation.

Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector.

Mortgage loan subservicer taps 30-year industry veteran for new role, overseeing both the internal QC team, and outsourced vendors, establishing objectives to drive the execution of Cenlar’s QC program.

Regulatory oversight has become a fact of life for mortgage servicers. Toby Wells of Cornerstone Servicing explains how staying compliant requires a robust risk management framework.

When it comes to wading through a sea of industry jargon, there is no larger ocean to navigate than the default servicing industry, and an upcoming webinar hosted by Legal League will help assist in improving the communication gap between attorneys and servicers.

William Scott Leaman, an Attorney with the team at Diaz Anselmo & Associates, examines an Ohio Appellate Court ruling where a judgment of foreclosure was granted in favor of a lender, despite the borrower claiming they were not in default as their payments were wrongly rejected by the lender.