Tag Archives: Loss Mitigation

Hurricane season in the Atlantic Ocean is underway and the star of another summer in the west is a cause for concern for CoreLogic, as it revealed more than 500,000 acres were burned by wildfires during the first six months ...

Click through to see why nearly 40% of respondents feel the western region of the nation could face issues with distressed properties, and how it compares to the rest of the U.S.

Here’s why the 5th Circuit Court recently upheld a District Court decision to dismiss a suit for alleged violations of certain servicing requirements under RESPA.

The CFPB found shortcomings in loss mitigation due diligence, HECM resolutions, and charging excessive late fees but also identified servicers’ resolutions of these issues.

With the passage of time and a collection of new policies, New York has dampened its foreclosure rate, its backlog of foreclosure cases, and its population of zombie properties.

If and when the current economic boom takes a downward turn, servicers will need to rely on three critical elements to help support their loss mitigation efforts: data, technology, and people. Editor’s note: This feature originally appeared in the February issue of DS News, out now.

A new report by the CFPB gives insight into some of the most common complaints by military servicemembers. Here’s what they had to say about their dealings with mortgage lenders and servicers.

An analysis of what constitutes “actual damages” for borrowers under RESPA gives insights into how borrowers making false claims under this Act are likely to face an uphill task. Editor's Note: This feature originally appeared in the January issue of DS News, out now.

As the citizens of Puerto Rico continue to feel the impact of last year’s devastating storms, a new initiative aims to alleviate the community’s hardships.

US Bank VP and Assistant General Counsel Beth Northrop-Day discusses where default servicing is headed, the legal cases that could impact the industry, and how legal firms can best streamline their interactions with servicers.