HSBC Bank USA, Nat’l Ass’n, etc. v. Buset, No. 3D16-1383 (Fla. 3d DCA Feb. 7, 2018)- the court made many significant holdings to foreclosure law gong forward. First, that a note IS in fact a negotiable instrument, the negotiability of ...
Freddie Mac and two nonbank lenders are loosening income and documentation requirements for mortgage applicants in a new pilot program. The changes announced Monday are designed to help boost mortgage originations among first-time ...
http://nypost.com/2016/03/12/obama-is-setting-us-up-for-another-housing-crash/ We learned nothing from the last financial crisis. The housing market is set to collapse, again, and a key culprit, again, is artificial demand created by ...
A new loan program from Bank of America (“BOA”) will allow low and medium income borrowers to get loans up to $417,000 with only 3% down instead of the traditional 20%. Borrowers can’t make more than the medium income ...
Here is a trap waiting to happen. Often we have clients who come and say, the bank offered me a modification (that our office submitted and worked on, but the documents are very often sent to the property address). Great, but now what ...
Federal National Mortgage Association (“Fannie Mae”) is planning to reboot the lending industry which may produce the same predictable consequences of the prior housing crash when the mortgage agency loaned so much money to ...
In Russell v. Nationstar Mortgage, LLC, No. 14-61977-CIV, 2015 WL 5029346, at *5 (S.D. Fla. Aug. 26, 2015), the Southern District of Florida federal court put an end to lawsuits brought by consumers against lenders regarding ...