mortgage modification | firsttuesday Journal

The coming surge in mortgage modification defaults

by Benjamin J. Smith | Jul 19, 2021 | Mortgages, Real Estate | 0

This article forecasts a surge in mortgage modifications in the wake of the coming expiration of foreclosure moratoriums — which will in turn lead to a rise in re-defaulting borrowers.

May a homeowner stop foreclosure proceedings resulting from a default caused by the owner’s participation in a forbearance agreement?

by Benjamin J. Smith | Oct 28, 2019 | Real Estate, Recent Case Decisions | 0

Moore v. Wells Fargo Bank, N.A. Facts: A homeowner who is unable to afford their monthly mortgage...

May a mortgage holder demand an owner pay portions of the mortgage deferred under a mortgage modification when the owner defaults on the modified mortgage?

by Benjamin J. Smith | Aug 19, 2019 | Real Estate, Recent Case Decisions | 0

Taniguchi v. Restoration Homes, Inc. Facts: A property owner defaults on their mortgage and their...

May a lender prevent a homeowner from curing a mortgage default outside of a mortgage modification?

by Oscar Alvarez | Jan 23, 2019 | Finance, Laws and Regulations, Real Estate, Recent Case Decisions | 1

Turner v. Seterus, Inc. Facts: A homeowner experiences financial difficulties after losing their...

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...

FHFA introduces overdue program for underwater homeowners

by Sarah Kolvas | Jul 18, 2016 | Finance, Real Estate | 0

See why the new principal reduction program is unlikely to help California homeowners.

Is an owner entitled to money losses for wrongful foreclosure caused by a misrepresentation made in a mortgage modification agreement?

by Amy Thomas | Jun 22, 2015 | Recent Case Decisions | 0

An owner enters into a permanent mortgage modification agreement with a mortgage holder. The mortgage holder issues a statement stating it will no longer honor the agreement.

Is a verbal agreement to postpone a sale enforceable against foreclosure?

by Amy Thomas | Jun 19, 2015 | Recent Case Decisions | 0

A homeowner and mortgage holder verbally agree to postpone a trustee’s sale while negotiating a mortgage modification.

Changing the terms of a mortgage

by ft Editorial Staff | Oct 7, 2014 | Feature Articles, Finance, Real Estate | 2

The basics of negotiating to modify the terms of a mortgage.

Pushing and shoving the banks into compliance

by Matthew Shade | Oct 16, 2013 | Real Estate | 0

On Wednesday, October 2, New York Attorney General, Eric Schneiderman, filed a lawsuit against Wells Fargo.

The reverse eminent domain saga continues…

by ft Editorial Staff | Sep 23, 2013 | Real Estate | 0

The city council in Richmond, California, is forging ahead with their reverse eminent domain...

Reports suggest FHFA killed cramdowns without cause

by Sarah Cantino | May 18, 2012 | Real Estate | 2

A recent letter from Congress to the Acting Director of the Federal Housing Finance Agency (FHFA)...

Mortgage modification showdown: Interest rate reductions v. Principal cramdowns

by ft Editorial Staff | Nov 11, 2010 | Feature Articles, Real Estate | 7

This article covers efficacy of mortgage modifications and why lenders are hesitant to grant them.

HAMP is losing participants

by ft Editorial Staff | Jul 7, 2010 | Real Estate | 9

The administration implemented the $75 billion Home Affordable Modification Program (HAMP) to lower a homeowner’s monthly mortgage payment by reducing their interest rates to as low as 2% for five years and extending the loan...