Servicing Under Obama’s Plan: Disclosure Requirements for Refinancings and Modifications

Client Advisory By: Jennifer M. Monty, Esq. After months of speculation and questions, President Obama released his proposed plan to stop rising foreclosures.  Announced on Tuesday, February 18-President Obama’s plan calls for widespread changes to the lending and servicing industries. Over the past several years, servicers have routinely engaged in loss mitigation, including loan modifications. …

An Overview of the Licensing and Registration Requirements of the S.A.F.E. Mortgage Licensing Act

The following is an article reprinted with permission from the upcoming Winter 2009 edition of The WWR Letter: An Overview of the Licensing and Registration Requirements of the S.A.F.E. Mortgage Licensing Act By: Michael F. Schmitz, Associate After the recent economic upheaval and questions regarding regulation of the mortgage industry, President Bush signed the Housing and Economic…

Current Issues in Credit Unions #33

Faith, Brian, Guy, Katherine and Rob bring you the first CIiCU episode of 2009. Here are the topics: –Data Breach Mania!  Security response programs revisited.    (This is getting crazy right now). –Reg Z final rule –TARP and bailout update. –Contest considerations. –Mortgage cram-downs in bankruptcy. –Bond claim tips and traps. –Remote capture update. –Hunker down…