Speakers' Written Submissions
This strategy summit will allow participants to engage in roundtable discussion of hot topics in mortgage servicing and foreclosure cases.
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created.
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created.
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created.
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created.
For advocates newer to handling mortgage and foreclosure cases, gaining a clear understanding of the rules of loss mitigation is a crucial step. This intensive will cover the basics of loss mitigation terminology and the background loan modification rules for FHA and Fannie Mae and Freddie Mac mortgages. Understanding the rules that existed prior to the pandemic will allow advocates to better understand the pandemic-related overlays that have been created.
High-cost lenders are increasingly trying to exploit banks’ preemption rights by laundering their loans through banks to evade state rate caps. “Rent-a-bank” schemes are being used not only by online installment lenders but also auto title lenders, point-of-sale financing offered on tablets in stores, and small business loans that imperil the owner’s home. The legal landscape is messy and evolving rapidly. Federal bank regulators are weighing in with rules of questionable legality to protect rent-a-bank schemes, while state atttorneys general are starting to have success in fighting back.
This September 23, 2019 HUD HECM letter: eliminates the MOE Assignment election and assessment deadlines and the 120-day timeframe for bringing current all property charges on a HECM that is subject to a pre-existing loss mitigation repayment plan; establishes a 180-day reasonable diligence timeframe to initiate an MOE Assignment; eliminates the requirement for an Eligible Surviving Non-Borrowing Spouse to obtain good and marketable title to the property; and requires mortgagees to request information from borrowers to attempt to identify Non-Borrowing Spouses.
This action is brought by Plaintiff for actual damages, statutory damages, and civil penalties against Defendant National Recovery Solutions, LLC, for violation of the Fair Debt Collection Practices Act, 15 U.S.C. §§1692 et seq. (“FDCPA”), which prohibits debt collectors from engaging in abusive, deceptive, and unfair practices, and requires the communication of specific statutory rights, and the North Carolina Collection Agency Act, N.C. Gen. Stat. § 58-70-90 et seq. (“NCCAA”).