Mortgage Servicing and Loan Modifications

Mortgage Servicing and Loan Modifications

The most complete and up-to-date treatise on federal and state homeowner rights dealing with mortgage servicers and obtaining loan modifications, including separate treatments of Fannie Mae, Freddie Mac, FHA, VA and RHS mortgages. Unique analysis of all aspects of homeowner litigation against servicers and mortgage holders.

Homeowner Rights and Remedies Dealing with Mortgage Servicers

•  Loan servicer procedures, incentives, and abuses
• Analyzing a servicing case
• Using RESPA discovery and dispute rights
• RESPA, TILA and other federal rights dealing with servicers, including loss mitigation procedures, dual tracking protections, and periodic statements
• Transfer of servicing requirements
• Recent CFPB Regulation X changes dealing with forbearances, deferrals and streamlined loan modifications
• RESPA requirements for escrow accounts and force-placed insurance
• New discussion of Fannie Mae and Freddie Mac note sales programs
• State law protections, including state-by-state analyses of state mortgage servicing laws
• Consumer remedies and recovery of damages
• Litigation with mortgage servicers and sample pleadings. See an example of a sample pleading here.

Rights to Delay and Modify Mortgage Payments

• Special chapter on homeowner rights after natural disasters and after expiration of COVID-19 protections including new discussion of the Homeowner Assistance Fund (HAF)
• Updated discussion of loss mitigation basics
• The latest loan modification programs for Fannie Mae, Freddie Mac, FHA, VA and RHS mortgages
• Pursuing loss mitigation rights through litigation

A Complete Practice Package

• Reprints of key federal statutes, rules, agency guidelines, and policy statements
• 50-state summaries of state laws on mortgage servicing, payoff statements, and mortgage discharges
• Foreclosure prevention practice aids and
• Over 300 sample pleadings