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The Fight Against Zombie Homes Finds a New Ally
DS News published an article discussing a new partnership between Erie County, New York, The Western New York Law Center and Columbia Law School to help municipalities track and monitor zombie foreclosures. The article features comments from Safeguard Properties Founder and Chairman Robert Klein.
6 Apr 2018
MHA HAMP Update: Updated MHA LPI Date Correction Request & MHA Incentive Inquiry Request Guidance Posted
Making Home Affordable issued an update announcing the availability of several key updates.
5 Apr 2018
Fannie Mae: Check Out the Intro to Servicing eLearning Series and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
4 Apr 2018
USDA: Expanded Guidance – USDA Modified Interest Rate Waiver
The U.S. Department of Agriculture (USDA) issued a notice providing additional guidance on a waiver for approved loan servicers to modify loans when the interest rate may exceed the original guaranteed note rate.
2 Apr 2018
FHFA: Report Details Progress on the 2017 Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a news release announcing the release of a report summarizing the 2017 activities of Fannie Mae and Freddie Mac.
29 Mar 2018
Washington Bills Take Aim at Abandoned Properties
HB 2057 (An act relating to the services and processes available when residential real property is abandoned or in foreclosure) was signed by Governor Jay Inslee on March 28, 2018.
28 Mar 2018
MHA HAMP Update: Revised Official Monthly Reporting – OMR Job Aid Posted
Making Home Affordable (MHA) issued an update announcing a revision that provides reporting guidance to address scenarios in which a borrower in a permanent HAMP Modification completes a Federally Declared Disaster (FDD) Forbearance Plan.
28 Mar 2018
FHFA: Foreclosure Prevention Report – Fourth Quarter 2017
The Federal Housing Finance Agency (FHFA) issued its fourth quarter 2017 Foreclosure Prevention Report.
22 Mar 2018
States Introduce Vacant Property Bills
NE LB256 (Adopt the Vacant Property Registration Act) was signed by Governor Pete Ricketts on March 21, 2018.
21 Mar 2018
Fannie Mae: New Qs in the Project Insurance Requirement FAQs; plus Updates to AMN/HSSN and AAA Matrices
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
21 Mar 2018
CFPB: Regulation X and Regulation Z Mortgage Servicing FAQs
The Consumer Financial Protection Bureau (CFPB) published questions and answers pertaining to compliance with Regulation X and Regulation Z, which will be effective on April 19, 2018.
20 Mar 2018
Lynn, MA Mediation Law Faces Revocation
MA S.884 (An act clarifying municipal authority regarding cash sureties and foreclosures) has replaced S.2396 in the Massachusetts Senate.
19 Mar 2018
Foreclosure Proceedings Bill Approved in Florida
FL SB 220 (Bankruptcy Matters in Foreclosure Proceedings) was approved by Governor Rick Scott on March 19, 2018.
19 Mar 2018
Lawsuit Against City Officials Allege Vacant Property Registry Violates Fourth Amendment
MLive.com published an article outlining a recently filed federal class-action lawsuit against two Saginaw, Mich., city officials, alleging that language included on the city’s vacant property registration application violates amendment rights of property owners.
19 Mar 2018
HUD: FHA INFO #18-12: Extension of HECM Foreclosure Timelines for Properties Impacted by Hurricane Maria in Affected Areas in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #18-12.
19 Mar 2018
Securing Foreclosure Protections for Veterans
DS News published an article outlining passed legislation designed to help protect military servicemembers and their families from foreclosure.
17 Mar 2018