Foreclosure

William Scott Leaman, an Attorney with the team at Diaz Anselmo & Associates, examines an Ohio Appellate Court ruling where a judgment of foreclosure was granted in favor of a lender, despite the borrower claiming they were not in default as their payments were wrongly rejected by the lender.

Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and rewrote the terms of the note and mortgage.

The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.

Jeffrey Helms of Diaz Anselmo & Associates examines a recent case where the borrowers argued that the statute of limitations barred the foreclosure of their mortgage.

According to the latest Loan Performance Insights Report, 16 metro areas posted slight annual delinquency upticks. With hurricane season in full swing, some areas of the U.S. could see typical seasonal delinquencies rise later this year and into 2024.

The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.

Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO, where he will manage, maintain, and expand the company’s IT infrastructure.

Asset managers and industry stakeholders took part in a forum at the Five Star Conference & Expo in Dallas to discuss shifts in the REO marketplace, and how to overcome hurdles the industry may face in the coming months.

The Five Star Conference & Expo closed out with a lively discussion on the latest headwinds impacting the mortgage servicing space, featuring top mortgage servicing execs, economists, and government reps exchanging ideas on how to move the industry forward.

At the annual Five Star Conference in Dallas, the 30-year industry trailblazer was recognized for her accomplishments in the mortgage finance space throughout her career.