A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing their mortgage lien. And, as someone who has litigated several lien priority disputes stemming from an unrecorded loan modification agreement, I can say the answer isn’t always straightforward. From […]

Borrowers suing Loandepot are sharing alleged evidence of the lender’s scheme to steer borrowers to higher rates and deprive its loan officers of their full compensation.  The latest filing in a Truth in Lending Act lawsuit cites emails, screenshots and the testimony of three LOs discussing the company’s actions to circumvent the loan officer compensation

Equifax announced changes to its pricing strategy following Fair Isaac Corp. (FICO)’s rollout of a new program that allows tri-merge resellers to calculate and distribute its scores directly to mortgage lenders. The credit bureau said it will offer VantageScore 4.0 – a direct competitor to FICO — at $4.50 per score through the end of