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Loss Mitigation

Duty Free

In the case of Sheen v. Wells Fargo Bank, the California Supreme Court ruled that borrower negligence claims can be limited. Attorney Jonathan D. Fink of Wright, Finlay & Zak, LLP discusses the importance of this decision.

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Seriously Delinquent Borrowers Struggling to Recover

According to CoreLogic, the nation’s delinquency rate in the U.S. in February 2022 hit its lowest recorded point since at least January 1999, as found in its monthly Loan Performance Insights Report.  In February of this year, some 3.2% of ...

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Attention to Detail

As the CFPB swings into full enforcement mode with loss mitigation underway, Meghan Jones-Rolla of Mortgage Connect discusses how the industry is handling the Bureau’s mandate of “unprepared is unacceptable.”

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Uncovering Natural Disaster Insurance Gaps

The consumer question at bay, do insurance companies cover natural disasters?  The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes.   ...

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