HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]
Disabled US Marine Jacob McGreevey Fights PHH Mortgage And Their Trump Allies In Washington To Reclaim His Illegally Foreclosed Home PHH Mortgage apparently had no idea how badly they screwed the pooch with one single decision in 2010. In that one moment, some nameless manager at PHH Mortgage made the decision to foreclose on Jacob McGreevey. The McGreevey foreclosure would come back to haunt PHH Mortgage. The foreclosure […]
Wells Fargo Home Mortgage Has A Secret Panic Code For MFI-Miami Foreclosure Clients It appears Wells Fargo Home Mortgage has a secret panic code assigned to MFI-Miami files. MFI-Miami servicing files get stamped with an “MFI” code when we request copies. I haven’t quite figured out what the “MFI” code means because we haven’t any issues getting […]
Quicken Loans Settles With Washington State Over Accusations Of Deceptive Advertising To Military Personnel And Veterans Quicken Loans settles embarrassing accusations of deceiving active military personnel and veterans. The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) accused the lender of misleading military personnel. Quicken Loans has agreed to continued oversight of its advertising […]
JPMorgan Chase Quits 5 1/2 Year Foreclosure Case I received some good news last week when I was getting ready to drive to Miami to testify at a foreclosure trial. My client’s attorney called to inform that JPMorgan Chase was throwing in the towel. JPMorgan Chase had filed a motion to voluntarily dismiss with prejudice […]
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