CFPB Seeks Comments on Proposed Mortgage Servicing Rule

CFPB Seeks Servicing Agent Comments on Proposed Mortgage Servicing Rules.  This is an important discussion for Service Providers who work for Mortgage Lenders  LINK TO CFPB POST By Erik Durbin and Paul Rothstein – MAY 04, 2017 Today, we’ve released our plan to assess...

Mortgage Note NOT Assigned to Foreclosing Lender?! OOOPS -It’s all in the Details

Interesting case out of Alabama.  See more detail. Her mortgage had been foreclosed, but the mortgagor challenged the foreclosure by appeal, saying the lender who foreclosed had no legal interest because the note was not properly assigned. The appeal court agreed and...

Legal Issues Affecting Real Estate and Mortgage Title Closings

Excellent article by  Alston and Bird (AlstonFinance.com) Non-Agency Residential Mortgage Loans in 2014:   A Survey of Legal Issues Affecting the Market. (Read entire article) It covers in a solid overview of : Qualified Mortgages QRM and Risk Retention Due Diligence...

Beware of Document Prep, Imperfect Mortgage May Grant a Homebuyer a Free Home

A great article “Mortgage Recording Requirements: Tiny Technical Defect Strikes Again” in Lexology this week by Vicki Harding of Pepper Hamilton LLP, reminds us how dangerous it is for a lender or settlement to make a mistake on a Mortgage Document....