Fannie Mae has updated its Servicing Guide to clarify Fannie’s policy and requirements around foreclosure related title costs. (Servicing Guide Announcement SVC-2016-05) Effective September 1, 2016, Fannie Mae will not reimburse the servicer for title costs that exceed the maximum title allowable cost, for the life of default, unless...
By T. Robert Finlay, Esq., Wright, Finlay & Zak, LLPDespite the Consumer Finance Protection Bureau’s (CFPB) promise to issue guidelines this summer, directing loan servicers on how to work with successors to a deceased borrower, the California Legislature moves forward with its effort to duplicate and undoubtedly confuse servicer’s efforts...
By Holly Chisa, HPC Advocacy, UTA Washington State Lobbyist Washington state did little with the Foreclosure Fairness Act (FFA) this session, or with the Deed of Trust Act as a whole. The only significant change was the funding source for the FFA. Under previous statutes, certain beneficiaries were required to...
UTA will file a brief as part of a coalition effort in the case of Linza v PHH. The brief will be prepared by Jonathan D. Fink, Esq., Wright, Finlay & Zak. The claims the borrower is making against the lender include: – A servicer’s and trustee’s prolonged threat of...
UTA’s dinner event held June 9th in San Diego addressed the post Daniels case impact on trustees. The session was led by Genail Anderson, Esq., Aldridge Pite, LLP; Andrew Boylan, Esq., McCarthy Holthus, LLP; and Martin T. McGuinn, Esq., Kirby & McGuinn. The speakers addressed what steps a successor trustee...
Please join us in welcoming the following six new members. -Mike Aleali, Zieve, Brodnax & Steele, Irvine, CA -Denisse De Los Reyes, ServiceLink, Irvine, CA -Sherry Moore, Zieve, Brodnax & Steele, Las Vegas, NV -Marisol Nagata, Trustee Corps, Irvine, CA -Robert W. Norman, Houser, Long Beach, CA -Miriam Paez, ServiceLink...
UTA will hold its 8th Annual California Lobby ‘Afternoon’ on Tuesday March 8th. Members will meet with State Assemblyman and Senators after a briefing provides them with talking points from UTA’s California lobbyist, Mike Belote. Appointments will be scheduled by UTA. A dinner event will be held that same evening...
UTA will hold its 8th Annual California Lobby ‘Afternoon’ on Tuesday March 8th. Members will meet with State Assemblyman and Senators after a briefing provides them with talking points from UTA’s California lobbyist, Mike Belote. Appointments will be scheduled by UTA. A dinner event will be held that same evening...
Washington State has started its legislative session, and the foreclosure community continues to negotiate on legislation. We are expected to work for 60 days.
UTA’s Lobby Day, February 12th in Olympia, Washington and UTA’s 7th Annual California Legislative Day, March 16th in Sacramento, California was successful and enjoyed by all participants.