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20 Feb 2024, 12:44 pm by Christopher Hewitt
In recent years, many clients have contacted us with questions about a company called the Specialized Loan Servicing LLC, located at 6200 S Quebec St, Greenwood Village, CO, 80111. [read post]
4 Oct 2022, 2:00 pm by John L. Culhane, Jr.
Last week, the CFPB issued a “Student Loan Servicing Special Edition” of Supervisory Highlights. [read post]
3 Jul 2014, 4:17 pm by Sabrina I. Pacifici
FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) - 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in default) in bulk to new… [read post]
19 Apr 2022, 7:02 am by John L. Culhane, Jr.
Student loan servicing was the focus of recent CFPB attention in the form of a blog post, “Busting myths about bankruptcy and private student loans,” and a report (labeled a “special issue brief”) titled “Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends. [read post]
15 Oct 2010, 4:40 pm
Have you tried to qualify for a loan modification program by negotiating with a Loan Servicer? [read post]
15 Oct 2010, 4:40 pm
Have you tried to qualify for a loan modification program by negotiating with a Loan Servicer? [read post]
”  The report discusses the Bureau’s examinations involving fees in the areas of deposits, auto servicing, mortgage servicing, payday and small-dollar lending, and student loan servicing that were completed between July 1, 2022 and February 1, 2023.... [read post]
29 Jul 2020, 2:24 pm
” Plaintiff refers to this as the “verbal loan commitment,” and alleges he would not have entered into the transaction had he known E-Loan would not honor the verbal loan commitment.In early 2015, defendant Specialized Loan Servicing LLC (SLS) began servicing plaintiff’s loan. [read post]
26 Jan 2022, 6:36 pm
Department of Education Announces Transformational Changes to the Public Service Loan Forgiveness Program, Will Put Over 550,000 Public Service Workers Closer to Loan Forgiveness | U.S. [read post]
7 Dec 2008, 5:08 am
Negative equity, GAP insurance, service contracts, and administrative fees rolled into your car loan are not entitled to the special protection for purchase money security interests in cars, a Kansas bankruptcy judge ruled this week in In Re Miller, Case No. 08-40935, (Bankr. [read post]
5 Oct 2015, 12:12 pm by Brian J. Slagle
Specifically, the report identified special populations—service members, veterans, borrowers with disabilities, and older consumers—as underserved. [read post]
5 Jun 2012, 12:57 pm by John Nastasi
” The special servicers have defended themselves saying they have cut the best deals possible and denying any conflicts of interest, according to the Journal report. [read post]
12 Feb 2012, 8:12 pm by John Nastasi
A loan enters special servicing when it is more than 60 days behind in payments or has matured or when some other default has occurred or is imminent. [read post]
15 Feb 2012, 7:09 am by Jeanne M. Hannah
If you are in need or if you are a lawyer with a service member who has financial difficulties, USAcares.org provides grants, not loans, to service members. [read post]
17 Apr 2017, 1:24 pm by John L. Culhane, Jr.
The memoranda had included: recommendations for changes to the compensation structure and performance measurements included in the federal Direct Loan servicing contracts; directions to contractors to designate, train, and appropriately compensate specialized servicing personnel to assist at-risk and certain other borrowers; and standards to provide consistency in the handling, processing, and application of payments by servicers and other… [read post]
14 Oct 2020, 9:04 am by Daily Record Staff
Maryland Court of Special Appeals Commercial Law; Lending fees: Section 12-121 of the Commercial Law Article, which prohibits a “lender” from imposing a property inspection fee “in connection with a loan secured by residential property,” applies to assignees of the loan and servicers as well as the original maker of the loan and prohibits them ... [read post]
14 Feb 2022, 4:09 am by Todd Carney
The LSC accomplishes this by providing funding to legal organizations who specialize in essential legal services. [read post]
13 Jan 2022, 4:01 am by Todd Carney
If you worked out a change in the terms recently, or you are taking advantage of a special program, like the public service forgiveness program, make sure you speak with your servicer and that everything still lines up alright. [read post]