With new guidance and model documents issued by Fannie Mae and Freddie Mac, the mortgage industry is several steps closer to operating without LIBOR.
The industry has been grappling with the eventual demise of LIBOR since...more
2/10/2020
/ Adjustable-Rate Mortgage ,
Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Fannie Mae ,
Freddie Mac ,
GSE ,
Libor ,
Loan Servicer ,
Mortgage Lenders ,
Mortgages ,
New Guidance ,
Secured Overnight Funding Rate (SOFR)
The final rule promulgated by the Board of Governors of the Federal Reserve (Federal Reserve), the Farm Credit Administration, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration, and...more
The Board of Governors of the Federal Reserve System, the Farm Credit Administration, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (the...more
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing property damage and applying insurance proceeds in compliance with the terms of the standard mortgage...more
10/24/2017
/ Anti-Concurrent Causation Clauses ,
Flood Insurance ,
Hurricane Harvey ,
Insurance Claims ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
National Flood Insurance Program ,
Natural Disasters ,
Property Damage ,
Property Insurance
On an issue of first impression, the Tennessee Supreme Court held on December 12, 2015, that MERS does not have a property interest that is protected under the Due Process Clause of the Fourteenth Amendment to the United...more
The Nevada Supreme Court recently reversed – or at least clarified – the impact of MERS in Nevada under the approach set forth in the Restatement (Third) of Property: Mortgages. The Supreme Court had held in 2012 that at the...more
9/10/2015
/ Bank Notes ,
Bank of New York (BNY) Mellon ,
Beneficiaries ,
Consumer Lenders ,
Deed of Trust ,
Deutsche Bank ,
Financial Institutions ,
Foreclosure ,
MERS ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
NV Supreme Court ,
SCOTUS ,
Trusts