Tuesday , 26 January 2021

Commentary

Is Student Loan Debt Really an Obstacle to Homeownership?

Contrary to a long-running argument, student loan debt burden is not an impediment to achieving homeownership, according to a commentary authored by First American Deputy Chief Economist Odeta Kushi. Citing data from the recently-released 2019 Survey of Consumer Finances, Kushi observed that although average student debt increased from $12,600 in 1992 to $40,600 in 2019 … The post Is Student …

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Mortgage Professionals Gather to Discuss Diversity and Inclusion

Five Star Global’s American Mortgage Diversity Council (AMCD) this week hosted its Fall Virtual Member Meeting, “Connecting Across Distances,” during which industry professionals gathered to address race and inclusion.   AMDC’s Vice-Chair Jodi Gaines, Chief Client Officer at Insight One Financial, says she believes this type of event is invaluable for those aiming to provide effective leadership.  “As mortgage professionals, and especially as leaders, it’s important … The post Mortgage Professionals …

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Florida Court Reverses Dismissal of Foreclosure Complaint

Earlier this month the Fourth DCA of Florida reversed a circuit court’s dismissal of Lakeview Loan Servicing, LLC’s (“Lakeview” or “the Bank”) foreclosure complaint. Lakeview Loan Servicing v. Walcott-Barr. The DCA found the Bank presented sufficient evidence to show it complied with pertinent HUD regulations, specifically § 203.604(d), so dismissal based on failure to satisfy conditions precedent … The post Florida Court …

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FHFA Releases Mortgage Relief Data for July

Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which show that: The two GSEs completed 230,198 foreclosure prevention actions in July. Close to half of these actions are permanent loan modifications, FHFA reported. They … The post FHFA Releases …

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Proving Entitlement to Foreclosure of a Modified Loan

Last month, Florida’s Third DCA affirmed a foreclosure judgment entered in favor of U.S. Bank National Association finding the Bank proffered competent, substantial evidence that the borrower breached the terms of a modified note and mortgage. 3499 Saraev Properties, LLC v. US Bank Nat’l Ass’n. The appellant, 3499 Saraev Properties (“Saraev”), was a third-party purchaser … The post Proving Entitlement …

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HUD, White House Pen Op-Ed on ‘Defending Suburbs’ 

President Donald Trump and HUD Secretary Dr. Benjamin Carson co-authored an op-ed piece in the Wall Street Journal, addressing housing-industry talking points such as affordability, single-family zoning, opportunity zones, and the President’s recent campaign press to “defend the suburbs.” This topic has become a recent talking point for President Trump’s campaign. The resulting op-ed skews sharply … The post HUD, White …

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