Ditech Holdings Booted From The New York Stock Exchange

Ditech Holdings Booted From NYSE As Financial Troubles Persist At the Once Bankrupt Mortgage Servicer Things aren't going well at Ditech Holdings. The New York Stock Exchange has booted the mortgage servicer formerly known as Walter Investment Management. Ditech Holdings emerged from Chapter 11 bankruptcy in February after eliminated $800 million in corporate debt. The company also officially changed its name to … Continue reading Ditech Holdings Booted From The New York Stock Exchange

Lenders Must Prove Mortgage Acceleration Letters Are Mailed

Florida Court Says Lenders Must Prove Homeowners Received Mortgage Acceleration Letters Prior To Foreclosure The 2nd Florida DCA ruled that mortgage servicers must prove they mailed mortgage acceleration letters to a homeowner before initiating a foreclosure. The appellate court ruled in favor of homeowner Steven E. Soule. Soule appealed the final judgment of foreclosure entered … Continue reading Lenders Must Prove Mortgage Acceleration Letters Are Mailed

Mortgage Servicing Fraud: Lender Document Experts

Mortgage Servicing Fraud: Lender Document Experts Are Clueless About The Loans They Are Testifying About Judges in Florida are beginning to take a hard look at mortgage servicing fraud. Judges have the time to spend on a case now that foreclosures have subsided in Florida. This became evident in a case playing out in Miami … Continue reading Mortgage Servicing Fraud: Lender Document Experts