By Rob Chrisman
Posted To: Pipeline Press
Residential lenders across the land wonder at their good fortune for great origination volumes in March, with many setting records, and they are to be truly complimented for being able to do that. I head to San Antonio today for the Texas Mortgage Roundup. But one doesn’t have to travel far to figure out why it is so hard to make money servicing loans – or even investing in them. All you have to do is look in the New York Times. “Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: T hey may get to keep their homes without ever having to pay another dime . The reason, lawyers for homeowners argue, is that the cases have dragged on too long.” Speaking of potential nightmares, it rarely results in a tasty treat when one puts super lien states…(read more)
Via:: BofA & Super Liens; Non-Bank Servicer Standards; MBA Tech Conference; Events & Training
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