servicer

The coronavirus (COVID-19) outbreak is continuing to cause widespread public concern and economic impacts for individuals and businesses across the globe. Mortgage lenders in particular have been greatly impacted due to increased demand in mortgage loan refinancing, record-low interest rates, and unexpected layoffs and unemployment for borrowers. Mortgage refinances currently make up 75% of all …

[COVID-19] Impact on Mortgage Lenders and Servicers in the U.S., and How to Mitigate Risks Read More »

THE PRICE OF STUPIDITY – OR HOW TO REALLY SCREW UP SERVICING A LOAN

In April 2019, the Eleventh Circuit Court of Appeal issued a lengthy ruling eviscerating Carrington Mortgage Services, LLC (“CMS”) for a litany of idiocies perpetrated upon a Florida couple. A complete recitation of CMS’ buffoonery consumes the Court’s 60-page opinion and provides a veritable “how not to” treatise of easily avoidable violations of the Fair …

The Price of Stupidity – or How to Really Screw Up Servicing a Loan Read More »