Comment

Comment by Douglas Brown on March 8, 2012 at 9:24am

Except for Section 12, I don't see any language which would get the majority of these changes to take effect sooner than this summer.  Am I correct on that?

 

Comment by Jeff Bean on March 7, 2012 at 10:12am

Here's a link to the bill as passed.

Comment by Jeff Bean on March 6, 2012 at 5:26pm

Rep. Orwall just informs that the FFA amendments, amended onto HB 2614, just passed the house. 

Comment by Jeff Bean on March 6, 2012 at 10:13am

The FFA technical fix amendment bill looked like it was a casualty of last Friday's parliamentary maneuvers. It has since been amended to another bill that's still in play. Click here to track the old FFA amendment bill; it's been amended to HB 2614 which you can track here. 

Comment by Jeff Bean on January 30, 2012 at 6:08pm

The bill coming out of the all-stakeholder group that met over the holidays is making its way through the House. It includes establishing immunity for all mediators and makes some significant improvements to the mediation process and NPV calculations. See the bill tracker here.

Comment by Jeff Bean on November 30, 2011 at 7:13pm

The URL for the FDIC Loan Modification Program Guide ("Mod in a Box") is now returning a 404 File Not Found. Searching FDIC's site still shows it as the correct URL. Can anyone advise where FDIC put it?

Here's the address that 404s now:

http://www.fdic.gov/consumers/loans/loanmod/loanmodguide.html

Comment by Jeff Bean on November 29, 2011 at 4:10pm

FFA has been codified in Chapter 61.24 RCW. Find links on the Resources and links page. Of most interest will be RCW 61.24.163 (formerly Section 7 of the session law).

Comment by Judith Eiler on November 17, 2011 at 1:27pm

It has been my experience in 5 mediations that the lender's representative does not want to bring the NPV.  There is always some excuse.  I tell them that they send the NPV (they can attach all the objections, limitations, or other language that they want but the NPV comes or a bad faith ruling goes to the Dept. of Comm.  It is surprising how fast I get an NPV and 2 pages of objections and gripes about how it doesn't apply.  They do not like them but if required they will send them

Comment by Sherman L. Knight on November 17, 2011 at 11:30am

I send a letter to the parties before the mediation. It typically includes a
request for the NVP and a link to the website that has the calculator or I send
a copy (attachment) of the spreadsheet we received at the training. 

I ask the lender to do the math and come prepared.  I have never had a problem with the lender and NVP.  

Sherman

Sherman

Comment by Steve Olsen on November 17, 2011 at 10:07am

John:

How are you & others handling the lender's failure to provide the NPV? I'm hearing that this may be a pattern

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