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

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 […]

9th Circuit Affirms Dismissal of FCRA Reporting Error Case Against Consumer Reporting Agency

A three-judge panel of the Ninth Circuit recently affirmed a district court's summary judgment finding that a national consumer reporting agency did not violate the Fair Credit Reporting Act . The court explained that the CRA could not be held responsible for the adverse consequences that consumers may face when a subscriber interprets consumer reports […]