Fannie Mae Reaches Out to Borrowers in Wildfire Zones
The numerous California communities hit hard by recent desolating—and spreading—wildfires can get at least a semblance of relief from Fannie Mae in the form of mortgage assistance, the GSE reminded [...]
Florida Court Deflates Balloon Payment Plan
The Southern District of Florida (Federal Bankruptcy Court) issued a memorandum opinion addressing two debtors’ proposed chapter 13 plans, both of which included a balloon payment to their respective mortgagees [...]
High Foreclosures and Higher Education
A recent study published in Demography, a bimonthly scientific journal from the Population Association of America, analyzed the potential impact of families with children seeking higher education on the rate [...]
Following Fannie and Freddie Foreclosure Findings
The Federal Housing Finance Agency has released the Foreclosure Prevention Report for May 2018, a monthly update on the foreclosure data resulting from the actions of Fannie Mae and Freddie [...]
What’s Keeping Millennial Renters from Owning a Home?
Young Americans are more interested in homeownership than older millennials, yet they’re wary of purchasing a home according to a report. What is causing them to hold back? The post [...]
Four Direct Ways to Impact Housing Affordability
This year, proposals have begun making their way to Congress aimed at helping ease the tight supply and rising prices that are preventing many—particularly low-income Americans—from finding affordable housing. However, [...]
The Changing Face of Default Servicing Litigation
Dan Young received a B.S. from Hope College and a J.D. from Vermont Law School. He is admitted to practice in New York and Vermont and is a member of [...]
Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for [...]
Cities With the Biggest Jumps in Single-Family Rentals
Several markets hit by the 2008 recession rebounded as rental markets, according to a study. Click through to learn which cities saw the biggest surge in single-family rental properties. The [...]