CFPB has issued an interpretive rule to clarify that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering the Bureau’s Ability-to-Repay rule.
The Los Angeles Times reports that a former Fannie Mae specialist in foreclosures was recently sentenced to 15 months in prison for soliciting kickbacks from a real estate broker.
UTA has redesigned its website, allowing members to more easily view upcoming events and recent news items. “The site is easier to read, with images that are bigger, bolder and easier to navigate,” said Joyce Copeland. “Plus we will be updating the site with member photos after this year’s annual...
The United Trustees Association welcomes three new members this month: Terri Morales, Jorge Rios-Jimenez, and Gail Windus.
On behalf of the United Trustees Association, Ann Marshall, Esq., of Bishop, Marshall & Wiebel, has filed an amicus brief in the case of Meyer v U.S. Bank.
Wright Finlay & Zak is seeing a recent influx of “direct deeding” issues with REO sales in GSE foreclosures in Nevada -- yet direct deeding itself is arguably unlawful in the state since October 2011...
An article in The San Francisco Chronicle headlined ‘How Deft Bid-Riggers Harmed Ex-Owners of Foreclosed Homes’, noted that the FBI has investigated bid-rigging at foreclosure auctions – whereby bidders collude with other bidders to suppress the sale prices of foreclosed properties and then hold private illegal secondary auctions where they...
Sixty attendees enjoyed UTA’s June San Diego Dinner, which featured a lively discussion on HOA lien foreclosures, CFPB rules, and lender audits.
Tina Suihkonen, currently serving as President of Beacon Default Management, has been appointed by UTA President Joyce Copeland to the Board of Directors.
Long-time UTA Member John Babigian has died. UTA will honor John’s memory with an award presentation at the 39th Annual Conference in La Quinta, California. John served as Vice President of Metropolitan News Company from 1988 until his retirement in 2002. Prior to that, he worked for 27 years with...