Foreclosure Sector Professionals Discuss Every-Day Challenges

first_imgHome / Daily Dose / Foreclosure Sector Professionals Discuss Every-Day Challenges Demand Propels Home Prices Upward 2 days ago Five Star Conference and Expo Foreclosure Lab 2016-09-12 Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save September 12, 2016 1,320 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure Sector Professionals Discuss Every-Day Challenges Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Foreclosure professionals from across the mortgage industry attended the 2016 Five Star Conference’s Foreclosure Lab Monday morning to discuss the every-day challenges and examination from regulatory agencies, servicers, and investors.The lab began with a welcome and introduction from Steve McCaffrey, President and Founder of MetroCorp Claims and the director of the lab. The group then entered into a discussion led by David Greene, Associate General Counsel for Fannie Mae, about foreclosure of e-Notes, including recent court decisions approving foreclosures of e-Notes. Touch on recent legislation pushing foreclosure sales onto online auction platforms. Proposed federal legislation to create a national note repository that will eliminate paper notes and simplify enforcement processes.Courtney Thompson, First VP Default Servicing Oversight for Flagstar Bank, then spoke to the group about the latest regulations and compliance expectations for vendors as well as steps that can be taken to make sure businesses are more attractive to servicers. Being a servicer herself, Thompson discussed OCC 2013-29, CFPB 2012-03 & UDAAP, due diligence, policies, procedures, controls, and training.There then was a panel moderated by Neil Sherman, Managing Partner of Schneiderman and Sherman, to discuss the constantly changing regulatory environment as well as how servicers must regularly assess their compliance position in order to adapt their operations to comply with regulatory changes. Sherman was joined with panelists including Dawn Adams, VP Default Services for Roundpoint Mortgage Servicing Corporation; Mark Gugino, SVP, Foreclosure and Document Execution for Wells Fargo Bank; Carolyn Taylor, Partner for Hughes Watters Askanase L.L.P.; and Lawrence Zielke, Managing Partner for Shapiro & Zielke.After the panel, the lab invited Puneet K. Singh to speak on how to terminate the tenancy of a former borrower vs. tenant, including notice to terminate tenancy, cash for keys agreements, and eviction process. Singh went into depth about how, in general, most states require some type of eviction process and she focused on the stricter states which require longer time periods, relocation payments, etc. She also discussed the cash for keys process and general timelines and costs for evictions across different states and how to use that information to leverage the best cash-for keys deal.Sharmila Bharwani, Assistant General Counsel for Citigroup, Inc., then took the stage to share with the audience about the topic of examination of proposed bankruptcy rules, CFPB periodic statements, unsecured POCs, and statute of limitations. William Glasgow, Jr., SVP Head of Mortgage Servicing for HSBC then lead a panel on managing aged inventory and strategies to reduce risk together with Rob Cooper, Managing Director for Assurant Field Services; Jay Jones, Partner for Phelan Hallinan Diamond & Jones; Keller Mackie, President for Mackie Wolf Zientz & Mann; and Wanda Montgomery, SVP Foreclosure for Fay Servicing. To wrap up the session, CFPB Senior Counsel for Office of Regulations’ Laura Johnson discussed CFPB’s foreclosure-related aspects of the new mortgage servicing final rule.Editor’s Note: The Five Star Institute is the parent company of DS News and Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post in Daily Dose, Featured, Foreclosure, News Tagged with: Five Star Conference and Expo Foreclosure Lab Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Previous: REO Agents and Brokers Prepare for the Future Next: Five Star Honors Veterans at Military Heroes Keys for Life Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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St Benet’s monastic superior quits after child abuse scandal

first_imgFather Francis Davidson, responsible for the welfare of student monks at St Benet’s, is the only surviving headmaster of Fort Augustus Abbey School, the subject of a recent BBC Scotland investigation for the programme Sins of Our Fathers.The programme, broadcast on 29 July, revealed claims of physical and sexual abuse spanning from 1950s to 1990s.  Fr Davidson is one of three headmasters accused of covering up the scandal; ten Fort Augustus monks have been accused of physical abuse, and four monks and one lay teacher of sexual abuse, including rape.  The programme contains further allegations that the school was a “dumping ground” for clergy with a history of abusing children.Over 50 ex-pupils have spoken to the BBC about their experiences at fee-paying Fort Augustus School in the Scottish Highlands, which shut in 1993, and its feeder preparatory school, Carlekemp, shut in 1977.One former pupil, Hugh Kennedy, who attended Fort Augustus in the 1970s, recalls being sexually abused by two teachers. One of the abusers was his housemaster Fr Chrysostum Alexander.  He told the BBC, “He would play with me, masturbate me and would make me do certain things to him, oral sex, things along those lines… I did tell Fr Davidson, who was the headmaster.”Despite claiming that he had personally alerted Fr Davidson, Mr Kennedy says the police were never involved in this “sustained and protracted” experience, and that Fr Chrysostum visited his home to convince his family of his innocence, where “he [Chrysostum] had convinced her [Kennedy’s stepmother] this was a non story and… I was sent back to Fort Augustus to be subjected to further abuse by Chrysostom.”After allegations were reportedly made by a second victim in 1977, then headmaster Davidson failed to alert the police, instead sending Fr Chrysostum back to Australia, with no warnings about his offending.Earlier this week, Fr Davidson told the BBC that he did not remember Kennedy’s allegations. “I would like to offer my profound sympathies to former pupils of Fort Augustus Abbey School and their families for any historic abuse committed by Fr Chrysostom Alexander including to Hugh Kennedy.“I was shocked and saddened to hear of Mr Kennedy’s allegations and of those against Bill Owen relating to Fort Augustus in the 1970s. I do not recall them being reported to me during my time as headmaster of Fort Augustus Abbey School.“Subsequent allegations of abuse made to the Abbot, who is now dead, resulted in an internal investigation by the Abbot and Fr Chrysostom’s immediate removal from the school.”There is currently an ongoing police investigation into the abuse, but leading children’s charities, including the NSPCC, are calling for full, independent inquiries.These revelations come eight years after an Oxford student made a formal complaint of harassment against St Benet’s Hall tutor, Bernard Green.  Fr Bernard had previously pled guilty in 1996 to indecently assaulting a 13 year old whilst housemaster at Catholic public school, Ampleforth College.St Benet’s Hall released the following statement to Cherwell: “We would like to offer our heartfelt sympathies to former pupils of  Fort Augustus Abbey School and their families.“As investigations into matters at Fort Augustus Abbey School and Carlekemp Priory school are ongoing, we can confirm that Fr Francis Davidson has stepped aside from his role of religious superior of St. Benet’s Hall.”last_img read more

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