Resources / Study / Innovation for Court ADR

Just Court ADR

The blog of Resolution Systems Institute

Posts Tagged ‘Connecticut’

Counting Up the Costs and Benefits to Lenders of Foreclosure Mediation

Jennifer Shack, November 19th, 2012

Is foreclosure mediation a positive or a negative for lenders? An open letter from Connecticut’s Congressional delegation to the Federal Housing Finance Authority (FHFA) provides sound evidence that it’s a financial positive for lenders to participate in a well-functioning mediation program. FHFA, which regulates Fannie Mae and Freddie Mac , is proposing to increase guarantee fees for mortgages in Connecticut, Florida, Illinois, New Jersey, and New York, stating that laws and procedures enacted in those states have extended the foreclosure process and increased the costs of foreclosure on Fannie Mae and Freddie Mac. (more…)

Articulated Purposes and Objectives for Foreclosure Mediation Programs

Heather Scheiwe Kulp, September 6th, 2011

Foreclosure mediation and mitigation programs began appearing in local, state, and national contexts in response to the foreclosure crisis. As the crisis persists, more states have adopted or are looking to adopt such programs as a way to ensure borrowers (more…)

New RSI Report on Foreclosure Mediations Conducted Per Month

Jessica Glowinski, August 18th, 2011

RSI’s foreclosure mediation expert, Heather Scheiwe Kulp, put together a report on the number of mediations being conducted by court foreclosure mediation programs around the country. She calculated these numbers using all the public statistics she could find on the programs. (more…)