David Van Ess, an attorney experienced in mortgage-related litigation, has been named executive vice president of national operations at the LOGS Network, a Northbrook, Ill.-based network of attorneys, trustees, title personnel, and collection staff that represent lenders.Mr. Van Ess was previously Florida operations manager for Codilis & Stawiarski PA, where he managed foreclosure, bankruptcy, title, eviction, and real-estate-owned closing services, the network said. He was also LOGS attorney liaison for Fleet Mortgage, and he helped resolve litigation involving the Real Estate Settlement Procedures Act and the Truth in Lending Act. LOGS can be found on the Web at http://www.logs.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18