VA Issues VALERI Servicer Newsflash Regarding Reporting on Loans Impacted by Natural Disaster

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In a recently published VALERI Servicer Newsflash , the VA indicated that Electronic Default Notification events on current loans that are impacted by a natural disaster should not be reported. As explained in the Newsflash, the “EDN event should only be reported prior to the 61st day of delinquency, with 'Property Problems' as the reason […]

Tenth Circuit Joins The Fray Regarding Whether Foreclosures Are Debt Collection Activity

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With the Tenth Circuit's decision the circuits remain split with the Ninth Circuit and now the Tenth Circuit holding that non-judicial foreclosures are not debt collection activity and the Fourth, Fifth and Sixth Circuits holding that they are. Cir., Jan. 19, 2018), Wells Fargo retained foreclosure counsel who sent the consumer an initial communication which […]