COVID-19 Forbearance—What Comes Next?

October 22, 2020, 2:15 p.m. ET–3:15 p.m. ET
| Skill areas: 
Spotting and Investigating the Legal Issue
,
Strategy: Structuring and Plotting the Case

Private Members: $40
Legal Aid and Public Interest Members: $30
Nonmembers: $90 (Email us to start the vetting process)

As the economic fallout of COVID-19 continues, more and more people will seek out forbearances for their home, auto, and student loans. The options available are dependent on the type of government-backed loans held by the borrowers. Max Gardner and Jay Patterson will explore the end of forbearance options for Fannie Mae and Freddie Mac loans as well as FHA/VA insured loans.

Escrow issues can play a part of the post forbearance options. Previous partial claim modifications are integrated in the decision-making process as well for FHA loans. Learn about the many forbearance opportunities available to consumers. This webinar is geared to intermediate practitioners.

What You Will Learn

  • What options are available for borrowers at the end of their forbearance plans
  • Why the status of the loan on March 1, 2020 is important
  • Whether the borrower can maintain their pre-forbearance payment

Speakers

Jay Patterson is a nationally recognized forensic accountant and Certified Fraud Examiner. He has been the owner of Full Disclosure LLC since 2007. His practice is limited to forensic and investigative accounting/auditing relating to mortgage loan servicing functions, processes, and document forensics. Jay has specialized knowledge in these areas and has testified as an expert witness in a variety of jurisdictions, including state courts, federal courts, and legislative bodies. He has developed methodologies used in the investigation, examination, and analyses of mortgage loan servicing transactions and processes. Jay is currently working with the Ditech Holding Corporation Consumer Creditor Recover Trust analyzing claims.

Attorney Oliver Max Gardner III is recognized as one of the leading lawyers in America in the area of predatory mortgage servicing and as the “dean” of mortgage servicing issues in consumer bankruptcy cases. Max received his undergraduate degree from the University of North Carolina at Chapel Hill in 1969 and graduated with high honors from the UNC School of Law in 1974. Following graduation, he served as the senior law clerk to the Hon. William H. Bobbitt, the late Chief Justice of the North Carolina Supreme Court, and as senior law clerk to the Hon. William Copeland, an Associate Justice of that Court. He has been recognized twice by the National Association of Consumer Bankruptcy Attorneys for special national awards. He is also the founder of his renowned Max Gardner’s Bankruptcy Boot Camp

CLE Credit

Are you interested in receiving CLE credit for this webinar? NACA does not seek CLE approval for each webinar in each individual state.  Individual attorneys can generally apply for, and receive CLE credit, in their respective states. Please note that NACA is now a State Bar of California MCLE Provider and this webinar is considered pre-approved for CLE credits for lawyers practicing in California. NACA will provide, upon request, certificates of attendance to be used in state bar applications and for records required by California attorneys. Email training@consumeradvocates.org to request a certificate of attendance. 

Refund Policy

Please note that there are no refunds for webinars since participants can view the presentation after it has taken place. If your registration was submitted less than two hours prior to the event, it is not guaranteed that you will receive access to participate in the live presentation. However, you will receive access to the recorded webinar in the coming days.

Why You Should Register Even If You Can’t Attend the Live Webinar

For each webinar you register for, regardless of whether you attend live, you will automatically receive an email inviting you to view a recording of the webinar and also containing attachments of the Power Point presentation and any other supplemental materials within two business days of the live webinar. This way, if you have a time conflict, you will be able to listen to the webinar and study the course materials at your convenience. If you have any questions, please email training@consumeradvocates.org.