The new bankruptcy rules set to go into effect will significantly impact consumers, creditors, and the broader economy. With consumer bankruptcies on the rise, increasing by 8% year-over-year in 2023 and another 6% in 2024, these changes introduce both challenges and opportunities. For consumers, the new rules may provide greater avenues for transparency into their mortgage based debts. Creditors, lenders, and investors, on the other hand, will face heightened scrutiny and need to adapt quickly to ensure compliance with the new requirements. Law firms that specialize in creditor rights must leverage technology and streamline processes to stay ahead of the competition. By embracing these operational adjustments, creditors and their counsel can navigate the changing landscape and position themselves as leaders in handling the growing wave of consumer bankruptcies.
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Over the years, default loan servicing has undergone significant changes. Processes, technologies, and policies have been shaped by economic events, regulatory reforms, and technological advancements. This webinar is led by specialists with decades of experience in the default servicing industry and will dive into the evolution of default loan servicing by analyzing past practices, current challenges and opportunities, and the future trajectory of the industry. Please join us as our experts will share their knowledge of how default loan servicing has evolved, their insight into the current landscape of the industry, and perspective to predict and adapt to the always changing environment of default loan servicing.
Stay ahead of the curve with this webinar focusing on the latest litigation updates and emerging trends in the mortgage industry. Our panel of attorneys will provide valuable insights into current legal challenges, key litigation cases, and how these developments are shaping the sector. Whether you’re a lender, servicer, or legal professional, this session will equip you with the knowledge to navigate potential risks and maintain compliance in a rapidly changing legal landscape