Select Portfolio Servicing (SPS) has announced that it is set to acquire certain Rushmore Loan Management Services assets, along with their servicing personnel and contracts, in a move that will see the two companies enter “a new era,” says Rushmore president, Jocelyn Martin-Leano. This transaction is expected to be completed in 2022’s fourth quarter, pending […]
Were You Denied a Home or Vehicle Loan Due to Your Credit Score?
During the months of March and April 2022, credit reporting giant, Equifax, one of the three largest credit reporting agencies in the country, issued incorrect credit scores for millions of consumers. If you were denied a home or vehicle loan due to your credit score, you may be entitled to receive compensation. As reported by […]
My Mortgage Company Locked My Account. What Should I Do?
My Mortgage Company Locked My Account and I Can’t Get Mortgage Statements or Account Information. What Should I Do? Many people opt to forgo paper mortgage statements in favor of receiving them electronically, via their lender’s system or app. However, we’re seeing many of our clients get locked out of these systems after they default, […]
How To Avoid Surplus Funds Scams in NJ
Being in foreclosure can be very difficult and draining, but if there is equity in the home, you could be entitled to “Surplus Funds” after a sheriff sale. Beware scams and scam artists who try to take large portions of these funds. These scams specifically target people who have just lost their home, or people […]
Lakeview Loan Servicing Data Breach
A significant breach of data has occurred at Lakeview Loan Servicing, putting the security and privacy of their clients at risk. Unlike similar leaks that have plagued different companies over the years, the breach suffered by Lakeview presents a far more dire situation: as a loan servicing company, Lakeview’s databases contained a treasure trove of […]
CARES Act Foreclosure Protections Ended December 31, 2021
As of December 31, 2021, the Federal Regulations preventing foreclosures for those who have federally-backed mortgages have come to an end. Formerly provided by the CARES Act, these protections allowed for: A grace period from mortgage payments No new foreclosures No foreclosure-related evictions No credit score changes due to COVID-19 relief Now that this period […]
FHA Foreclosures Are Being Filed By Three NJ Banks
Attention NJ Homeowners: FHA foreclosure complaints are now being filed in New Jersey by the following three mortgage servicing companies: Lakeview Loan Servicing LoanCare M&T Bank These are the first federally backed loan foreclosures we have seen since the start of the Covid-19 pandemic. If you have a government-backed loan serviced by one of these […]
Can I Apply For An Additional Stay of Sheriff’s Sale Through the HAF?
On December 8, 2021, the New Jersey Courts Announced that Eligible NJ Homeowners Can Now Apply For Additional Stay of Sheriff’s Sale The Supreme Court has authorized homeowners to request an additional stay for Sheriff’s Sales in residential foreclosures as long as they are eligible to receive relief from the Homeowner Assistance Fund (HAF) and […]
NJ Mortgage Forbearance Ends June 30
COVID-19 Mortgage Forbearance is Ending June 30, 2021 On March 19, 2020, New Jersey Governor Phil Murphy issued Executive Order 106, which suspended eviction and foreclosure removals throughout the state. On March 28th, Murphy announced that financial institutions would be providing mortgage forbearance for NJ residents facing hardship due to the COVID-19 pandemic. This mortgage […]
Flagstar Mortgage Data Breach
Flagstar Mortgage Data Breach We have become aware that a data breach has occurred at Flagstar Mortgage. If Flagstar has been your mortgage servicer, I wanted to reach out to you to let you know that you may get a letter from Flagstar indicating whether or not you were part of the breach. If Flagstar […]
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