loan modification | firsttuesday Journal

The 20% solution: personal savings rates and homeownership

by ft Editorial Staff | Aug 14, 2023 | Charts, Economics, Home Sales, Market Watch, Real Estate | 0

How today’s low savings rates impact California’s real estate market.

FHA lengthens amortization of delinquent mortgages to 40 years

by ft Editorial Staff | May 19, 2023 | Finance, Mortgages, Real Estate | 0

The Federal Housing Administration (FHA) is keeping their mortgaged homeowners who are delinquent in payments on the books.

Does a mortgage holder violate the Homeowner Bill of Rights (HBOR) when using multiple representatives to handle a loan modification request?

by Amy Platero | Aug 3, 2022 | Mortgages, Real Estate, Recent Case Decisions | 0

Morris v. JPMorgan Chase Bank, N.A.

POLL: Of your buyers who take title subject to an existing mortgage, how often does the lender call the loan due or demand fees and modification of rates on an assumption?

by ft Editorial Staff | May 31, 2022 | Reader Polls, Real Estate | 0

This week’s poll asks readers to weigh in on all things existing mortgage. Share your experiences with us!

California’s low homeownership rate to continue

by ft Editorial Staff | Mar 16, 2020 | Charts, Economics, Home Sales, Market Watch, Real Estate | 3

California’s homeownership rate ballooned during the Millennium Boom, but quickly fell to today’s low level of 55%.

California’s Homeowner Bill of Rights is back

by Carrie B. Reyes | Oct 15, 2018 | Mortgages, New Laws | 0

Foreclosure protections that expired earlier in 2018 are back.

Is a mortgage holder required to provide a single point of contact to a borrower seeking a mortgage modification?

by ft Editorial Staff | Apr 30, 2018 | Finance, Laws and Regulations, Real Estate, Recent Case Decisions | 0

Conroy v. Wells Fargo Bank, N.A. Facts: After refinancing a residential mortgage secured by a...

Can a homeowner recover against a mortgage holder after a foreclosure due to unconscionable mortgage terms?

by ft Editorial Staff | Apr 11, 2016 | Real Estate, Recent Case Decisions | 0

What recourse does a homeowner have against a predatory mortgage holder who sells them an overly harsh loan or loan modification?

Can a mortgage holder foreclose on a property while processing a request for loan modification?

by ft Editorial Staff | Mar 21, 2016 | Real Estate, Recent Case Decisions | 1

Majd v. Bank of America, N.A., et al. Facts: An owner purchases residential property funded by an...

Title companies not liable for premature foreclosure recordings

by ft Editorial Staff | Jul 30, 2014 | Laws and Regulations, Mortgages, New Laws, Real Estate | 1

Title companies not liable for premature foreclosure recordings Civil Code §2924.25 Amended by...

Legislative Gossip

by ft Editorial Staff | Apr 2, 2014 | Pending Laws, Real Estate | 0

Stay on top of current pending legislation affecting real estate in 2014! Updated September 2, 2014.

Is a carryback note modified by a settlement agreement still controlled by anti-deficiency law?

by Matthew Shade | Nov 11, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A buyer sought to avoid a seller’s demand, claiming the seller was prohibited from seeking a deficiency judgment since the buyer was protected under state anti-deficiency law.

Does a loan servicer have a duty to respond to letters challenging loan terms and requesting modification?

by Matthew Shade | Oct 21, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Owners sent three letters challenging the validity of the loan terms and requesting modifications to the loan servicer. The loan servicer did not respond to the letters.

Did a lender improperly foreclose after issuing a written rejection of a loan modification and verbally informing the owner the modification was pending?

by Matthew Shade | Oct 17, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A homeowner defaulted on their loan and applied for a loan modification. The lender sent the homeowner a written denial of their loan modification application.

If a borrower meets all terms of a trial modification and the lender does not provide notice of failure to qualify, must the lender grant the modification?

by Matthew Shade | Oct 16, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

A distressed borrower applied for a loan modification under the Home Affordable Modification Program (HAMP). The lender prepared a trial period plan (TPP)