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Expedited Foreclosure Process Bill Introduced in New Jersey
NJ A3823 (Concerns expedited process for foreclosing vacant and abandoned residential properties in uncontested actions) has been changed to A2085 for the current session and remains in the Assembly Housing and Community Development Committee. An identical Senate bill, S1243, is a carryover of S1832 from the previous session and is pending in the Senate Community and Urban Affairs Committee.
30 Apr 2018
HUD: FHA INFO #18-18: New Natural Disaster Partial Claim Option Available in FHA Connection
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #18-18.
30 Apr 2018
FEMA Declared Disaster Alabama
On April 26, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in Alabama as a result of severe storms and tornadoes that took place March 19-21, 2018.
26 Apr 2018
Future is Uncertain for State’s Groundbreaking Foreclosure Mediation Program
The Hartford Courant published an article discussing CT HB 5495 (An Act removing the sunset date for the Foreclosure Mediation Program).
26 Apr 2018
Freddie Mac: May 21 Servicer Performance Profile Updates
Freddie Mac issued a release outlining Servicer Performance Profile changes taking place before an upcoming software upgrade.
25 Apr 2018
Maryland Foreclosure Procedure Bill Approved by Governor
MD HB 78 was signed into law by Governor Larry Hogan on April 24, 2018. The bill will require the Department of Labor, Licensing, and Regulation to establish procedures that require a foreclosure purchaser to submit to the Foreclosed Property Registry any change to certain information within 21 days after the change is known to the purchaser.
24 Apr 2018
CFPB Considers Ending Public Access to Bank Complaints
HousingWire published an article discussing a recent report from The Wall Street Journal.
24 Apr 2018
How These Hurricane-Ravaged States Have Avoided a Housing Disaster — So Far
CNN released a report discussing the housing market following the 2017 hurricane season.
22 Apr 2018
Freddie Mac: Updated Property Values for Borrowers Impacted by Eligible Disasters
Freddie Mac issued a release outlining a recent BPODirect update.
20 Apr 2018
Cortez Masto Introduces FHA Foreclosure Prevention Act of 2018
The office of U.S. Senator Catherine Cortez Masto (D-NV) issued a press release announcing the introduction of S.2698 (A bill to make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA, and for other purposes).
19 Apr 2018
Community Initiatives First Quarter 2018 Activity Summary
Safeguard’s community initiatives department spent the first portion of 2018 connecting with code enforcement officials through continued outreach and education and developing a resource to facilitate communication between municipalities and the mortgage servicing industry.
18 Apr 2018
Senate Addresses Robocalls: What Mortgage Servicers Need to Know
DS News published an article highlighting a recent Senate hearing on robocalls.
18 Apr 2018
The Fault Line?s Implications on California Housing
MReport published an article highlighting a recent CoreLogic report that explores the potential impact an earthquake along the California Hayward fault could have on communities located in the San Francisco East Bay area.
18 Apr 2018
Fannie Mae: SMDU Enhancements Coming This Weekend; AAA Matrix Updates; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
18 Apr 2018
VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued an update containing news pertaining to servicer pre-approval requests.
18 Apr 2018
FEMA Declared Disaster West Virginia
On April 17, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms, flooding, landslides and mudslides from February 14-20, 2018.
17 Apr 2018