Topic
Loan Servicing
34 published works
The Bankruptcy Soap Box
Before You List Your Home For Sale: The Essential First Task
By Cathy Moran
Selling your home? Before you list your home, before you interview a realtor, before you lift a paint brush, or clean a closet, you need to write a letter.…
Jus Corpus Law Journal Blogs
INTERNSHIP OPPORTUNITY AT TRUST LAW ASSOCIATES
By JusCorpus
About the FirmTrust Law Associates is a legal practice working in the Banking, Finance, and Loan Settlement sector. The firm handles client cases involving debt, financial disputes, and related legal…
Financial Services Perspectives
Potential Impact of FHA’s Revised Defect Taxonomy on Mortgage Originators and Servicers
By James W. Wright Jr., John Thomas Mostellar III
On January 7, 2025, the Federal Housing Administration (FHA) officially revised its Defect Taxonomy (Final Defect Taxonomy) with the publication of Mortgagee Letter (ML) 2025-01 and the related attachment detailing…
Indiana Commercial Foreclosure Law
Affidavit From Subservicer Employee Passes Hearsay Test For Original Lender’s Records
Lesson. Loan records created by the originating lender can be admissible in an assignee lender’s lawsuit. Case cite. King v. Nat'l Collegiate Student Loan Tr. 2006-4 232 N.E.3d 646 (Ind.…
Consumer Finance and Fintech Blog
Latest CFPB Supervisory Highlights Focuses on Servicing and Debt Collection Practices
By A.J. Dhaliwal, Mehul Madia, Celene Gayle*
On July 2, the CFPB released its Summer 2024 Supervisory Highlights, which focused on the servicing and collection of consumer debt. The report shared key findings from recent supervisory examinations…
Consumer Financial Services Law Monitor
CFPB Releases Supervisory Highlights Focusing on Debt Collection and Loan Servicing Practices
By Chris Capurso, Stefanie Jackman, Lori Sommerfield, Chris Willis
On July 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published the summer edition of its Supervisory Highlights, focusing on examinations of auto and student loan servicing companies and…
Financial Services Perspectives
CFPB: Ineffective Loan Servicing Is an Abusive Act or Practice
In a consent order with a reverse mortgage servicer on June 18, 2024, the Consumer Financial Protection Bureau (CFPB) made the argument that failing to effectively service loans is abusive.…
Financial Services Perspectives
Fannie Mae Issues Fair Servicing Best Practices Guide
By Christy W. Hancock, John Thomas Mostellar III, Britney M. Crawford
This week, in line with the CFPB’s ever-increasing focus on fair lending, Fannie Mae issued a Fair Servicing Best Practices Guide to promote “servicer awareness of fair servicing best practices.”…
Litigation Finance Journal
Counsel Financial Announces $25M Equity Transaction and Launch of New Loan Servicing Business
By John Freund
Counsel Financial, a pioneer in providing financing solutions to the plaintiffs’ bar, is proud to announce the successful close of a $25 million private equity transaction and the launch of…
Consumer Finance Monitor
This week’s podcast episode: Recent developments affecting student loan origination and servicing
With federal student loans approaching $1.7 trillion, private student loans approaching $129 billion, strident consumer group advocacy, and national elections on the horizon, student loan origination and servicing continues to…