In Defense of Ocwen Servicing – July 2016 Update INTRODUCTION In Defense of Ocwen Servicing, published in the spring of 2015, argued that, “The servicer’s …
The New Normal: Servicing in a Post-Crisis World In the years since the crisis we’ve made important strides in making the servicing industry stronger, more …
FHFA Launches Map of Potentially Eligible Borrowers for Principal Reduction Modification After the announcement on April 14, 2016 that Fannie Mae and Freddie Mac will …
11TH CIRCUIT SAYS FILING STALE CLAIMS IN BANKRUPTCY VIOLATES FDCPA During a bankruptcy case, creditors are allowed to add their claims into the case if …
The Hamptons Housing Market Has Crashed: Luxury Home Sales Drop By Half As Prices Plunge It is not looking good for the US housing market. …
Why Investors Own Private Mortgage-Backed Securities Private-label, or non-agency backed mortgage securities, got a black eye a few years ago when they were blamed for …
U.S. Fed Buys $7 Billion of Mortgage bonds, Sells None If they only knew… The Federal Reserve bought $7.029 billion of agency mortgage-backed securities in …
New Jersey Court retroactively applies Fair Foreclosure Act: Upholds Statute of Limitations See: https://livinglies.wordpress.com/2016/07/15/new-jersey-courts-retroactively-applies-fair-foreclosure-act-upholds-statute-of-limitations/ 15-4- 9718 Anim Inv. Co. v. Shaloub, N.J. Super. Chan. (Jerejian, …
Fraud Complaints Cloud Foreclosure Relief In 2012, after a heart attack left him too ill to work and unable to make his mortgage payments on …
Servicer Claims for Mishandling Loan Modifications are Held to be the Obligations of the Lender Court are upholding Negligence Claims against Servicers for Mishandling Loan …
