Since 2007, the U.S. has been subjected to the worst Housing Crisis since the Depression. Government efforts to resolve the crisis have failed miserably.
Homeowners lose homes daily to foreclosure, even though there are usually solutions available to keep a homeowner in the home. As foreclosures mount, the worse the economy becomes, and the impact on a family is unconsciousable.
LFI Analytics has been at the forefront of the legal battle assisting homeowners in trouble. LFI has developed many of the arguments that attorneys use today to fight foreclosures. Additionly, LFI serves as "Case Consultants" for attorneys assisting in case development and litigation.
LFI continues to review new Case Law and Regulations, and to develop new arguments as the laws evolve.
For housing to recover, it will take a long-term commitment of time and resources. The Private Sector, working with Lenders and Servicers, will need to develop new strategies to resolve the pressing issues.
Homeowners who are capable of meeting financial obligations and not re-defaulting on a loan should be given every opportunity to stay in the home. Those who genuinely will end up re-defaulting no matter how loan terms are changed must face the inevitable. LFI has products available to assist in making re-default determinations.
As the Foreclosure Crisis begins to abate, and a Housing Recovery begins, there will be a need for new products and methodologies to ensure that the US does not undergo another Housing Crisis like today. LFI Analytics is committed to the goal of a Housing Recovery by working with other firms to bring new products to market that will improve Underwriting Decisions and also improve Risk Management options.