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Strong Winter Storm Moving Across Country
ABC News issued a report offering the latest on strong winter storm that is expected to bring substantial snow accumulations to multiple states.
25 Feb 2020
Alabama Among Worst in Nation for Empty Housing
Al.com published a report detailing vacant property rates in Alabama. Currently, the state ranks fourth in the country for raw vacancy, with more than 18 percent of statewide housing units reported as empty.
25 Feb 2020
FHA INFO #20-15: Proposed CWCOT Enhancements
The U.S. Department of Housing and Urban Development (HUD) announced that it has posted proposed enhancements to its Claims Without Conveyance of Title (CWCOT) program on its Single Family Housing Draft Table. All FHA-approved mortgagees, servicers, and other interested stakeholders are invited to review the posted content and provide feedback on the proposed program updates through March 9, 2020.
24 Feb 2020
Erie County Introduces “ZOMBIE Watch”
WBEN published a report outlining the introduction of Erie County, N.Y.’s “ZOMBIE Watch”, a new program created through the county clerk’s ZOMBIES Initiative.
22 Feb 2020
CFPB: Supplemental Notice of Proposed Rulemaking on Time-Barred Debt Disclosures
The Consumer Financial Protection Bureau (CFPB) issued a Supplemental Notice of Proposed Rulemaking regarding the collection of time-barred debt.
21 Feb 2020
President Trump Announces Nomination for Federal Housing Commissioner
President Donald J. Trump announced his intent to nominate Dana T. Wade to be the assistant secretary for housing, federal housing commissioner.
20 Feb 2020
California Bill Aims to Fine Companies in Possession of Vacant Homes
California Senate Bill 1079 would allow jurisdictions (cities/counties) to impose fines on corporations owning multiple single-family homes that have been vacant for more than 90 days. It also would grant tenants the right of first refusal to purchase foreclosed properties. The legislation was introduced on February 19.
19 Feb 2020
Relentless Storms Roll Across Southern U.S.
WSFA NBC 12 issued a report outlining a statewide emergency declaration issued by Alabama Governor Kay Ivey in response to widespread flooding.
18 Feb 2020
Safeguard Properties Enhances Controls Around Scheduled Inspections
Safeguard Properties has developed enhanced controls surrounding insurance loss and other scheduled inspections through its proprietary SafeView Field Services platform.
18 Feb 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued several updates relevant to servicers. Included is the availability of special relief following earthquakes in Puerto Rico, information pertaining to property redemption procedures and instructions for HOA notices/utility bill document handling after conveyance.
14 Feb 2020
FHFA: Foreclosure Prevention Report – November 2019
The Federal Housing Finance Agency (FHFA) issued its November 2019 Foreclosure Prevention Report.
14 Feb 2020
FHA INFO #20-13: Training Opportunities
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-13.
14 Feb 2020
Freddie Mac: FHLMC Guide Bulletin 2020-02
Freddie Mac issued a release announcing servicing updates related to cooperative share loans and voluntary partial cancellations.
12 Feb 2020
Fannie Mae: SVC-2020-01: Servicing Guide Update
Fannie Mae announced updates relevant to servicers. Included are revisions to the foreclosure milestone schedule, the elimination of prorated foreclosure fee requirements, and clarification regarding delinquency exception reporting.
12 Feb 2020
MHA: Presidents’ Day Holiday Support and System Availability
Making Home Affordable (MHA) issued a release outlining system availability during the Presidents’ Day Holiday.
12 Feb 2020
Allegany County Land Bank Aims for Busy 2020
The Olean Times Herald published an article discussing upcoming initiatives slated for the Allegany County (NY) Land Bank Corporation.
11 Feb 2020