Real Estate Finance

Home prices run away from incomes, for now

by Carrie B. Reyes | Jul 30, 2018

Today’s volatile relationship between incomes and home prices is ripe for a correction.

May a trustee retain surplus funds from a foreclosure sale while a wrongful foreclosure action is pending?

by Oscar Alvarez | Jul 30, 2018

Placer Foreclosure, Inc. v. Aflalo Facts: A homeowner obtains a mortgage from a lender, which is secured by the homeowner’s property. The homeowner experiences financial difficulties and defaults on the mortgage. The lender completes a trustee’s foreclosure sale of...

Financial sector tests out LIBOR replacement

by Carrie B. Reyes | Jul 30, 2018

LIBOR’s replacement will be more reliable than the scandal-ridden LIBOR.

Lender guidance for VA home improvement mortgages

by ft Editorial Staff | Jul 24, 2018

The VA has released instructions on how to process home improvement mortgages.

Lender guidance for VA construction mortgages

by ft Editorial Staff | Jul 23, 2018

Clarifications for the lender’s process to close VA-guaranteed construction mortgages.

May a credit reporting agency (CRA) be held liable for Fannie Mae’s incorrect classification of a short sale as a foreclosure?

by Oscar Alvarez | Jul 20, 2018

Shaw v. Experian Information Solutions, Inc. Facts: A distressed homeowner short sells their property which was secured by a mortgage. A credit reporting agency (CRA) accurately reports this on the homeowner’s credit report using a proprietary code format. Fannie...

Does a cost of savings index (COSI) substitution require affirmative approval from a lender’s regulator?

by Oscar Alvarez | Jul 10, 2018

Campidoglio LLC v. Wells Fargo & Company Facts: A borrower obtains a mortgage from a lender. The lender is acquired by a second lender which notifies its primary regulator of its intent to substitute the cost of savings index (COSI) used to calculate the...