Loan Servicing, Forbearance, and Modification Under Dodd Frank
New requirements in modification, forbearance and foreclosure under Dodd Frank will increase litigation for loan servicers.
More awareness of loan servicing problems and potential causes of action could lead to more litigation-even regarding acts that occurred prior to the new requirements regarding loan servicing.
LOS ANGELES, CALIFORNIA, U.S., December 22, 2013 /EINPresswire.com/ -- Under the Dodd Frank Act, legal and regulatory changes in the way loans are serviced, the circumstances under which borrowers are offered a forbearance or a modification, and the handling of modifications and foreclosure will impact how servicers operate and will likely add to the volume of litigation related to loan modification.— Jofffrey Long
Expert witness testimony is often required in loan servicing litigation, to clarify standard practices, requirements and the duties of the parties in loan servicing. Expert witness consultation can be used for the purpose of better understanding disputes in loan servicing and in loan modification.
More awareness of loan servicing problems and potential causes of action could lead to more litigation-even regarding acts that occurred prior to the new requirements regarding loan servicing.
Expert witness information and descriptions of types of mortgage expert witness testimony can be found at www.MortgageExpertWitness.net
Joffrey Long
Mortgage Expert Witness
818.366.5200
email us here
