Stern & Eisenberg, a regional firm servicing New York, New Jersey, Pennsylvania, Delaware, West Virginia, Maryland, Virginia, North Carolina, South Carolina, Georgia, Tennessee, Alabama, and the District of Columbia. A recent decision from the Maryland Court Of Appeals overruled the ...
Read More »Home Prices in Nevada Grow at Break-neck Speed
A recent analysis found that states in the Western region saw the fastest growth of home prices across the country. Which other states joined the Silver State in home price appreciation gains?
Read More »Fannie Mae Reaches Out to Borrowers in Wildfire Zones
The numerous California communities hit hard by recent desolating—and spreading—wildfires can get at least a semblance of relief from Fannie Mae in the form of mortgage assistance, the GSE reminded borrowers in a statement. Under the GSE’s guidelines for single-family ...
Read More »Florida Court Deflates Balloon Payment Plan
The Southern District of Florida (Federal Bankruptcy Court) issued a memorandum opinion addressing two debtors’ proposed chapter 13 plans, both of which included a balloon payment to their respective mortgagees in the final month of the plan. In re: Dora Benedicto, and In ...
Read More »Higher Education Costs and High Foreclosure Rates
A recent study published in Demography, a bimonthly scientific journal from the Population Association of America, analyzed the potential impact of families with children seeking higher education on the rate of foreclosures. Researchers Jacob Faber of New York University and ...
Read More »Following Fannie and Freddie Foreclosure Findings
The Federal Housing Finance Agency has released the Foreclosure Prevention Report for May 2018, a monthly update on the foreclosure data resulting from the actions of Fannie Mae and Freddie Mac. The data reported nearly 24,211 foreclosure prevention actions completed ...
Read More »What’s Keeping Millennial Renters from Owning a Home?
Young Americans are more interested in homeownership than older millennials, yet they’re wary of purchasing a home according to a report. What is causing them to hold back?
Read More »Four Direct Ways to Impact Housing Affordability
This year, proposals have begun making their way to Congress aimed at helping ease the tight supply and rising prices that are preventing many—particularly low-income Americans—from finding affordable housing. However, Jenny Schuetz, a David M. Rubenstein Fellow at the Metropolitan ...
Read More »The Changing Face of Default Servicing Litigation
Dan Young received a B.S. from Hope College and a J.D. from Vermont Law School. He is admitted to practice in New York and Vermont and is a member of the New York Bar Association, with his major areas of ...
Read More »Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
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