Tag Archives: Fees

What are the four steps proposed by the FHFA to validate and approve the credit score models used by Fannie Mae and Freddie Mac?

A Court of Appeal has limited the lender’s right to recover attorney’s fees after successfully defending against borrower lawsuits challenging a foreclosure. That means a victory in court could still prove costly. Editor’s Note: This feature originally appeared in the November issue of DS News, out now.

Discussing his clients’ victory, Larry Pozner, the lead defense attorney in the case, said, “How dare the state tell a law firm what quality it must hire or what sacrifices it should make to please the state. The clients were satisfied with the services they were receiving.”

A California Bill intended to help build low-income homes is doing so on the back of borrower’s facing foreclosure. Here’s how.

New regulations have the propensity to transform the mortgage industry into a system where servicers deliver, regulators protect, and consumers trust again. The Consumer Financial Protection Bureau’s (CFPB) mortgage servicing regulations aim to do just that—get delinquent borrowers into loan modification plans and establish effective communication channels between the servicer and borrower to ultimately protect them from foreclosure.