This webinar will examine a case study of New Residential (NRZ) to provide a current example of how the new sub-servicing model in the mortgage market makes things even worse for consumers. New Residential Investment Corp is a leading provider of capital and services to the mortgage and financial services industries. Learn why this system continues to harass homeowners and their attorneys with what Max calls "a terminal illness with the entire mortgage servicing system." The webinar is geared to advanced practitioners of mortgage servicing cases.
What You Will Learn
• How the sub-servicing model in the mortgage market works
• What the reduced fees are for sub-servicing a mortgage
• How excess servicing rights are securitized for immediate cash outs
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.