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North Carolina Supreme Court Adopts “Substantial Competent Evidence” Requirement for Borrowers Asserting “True Value” Defense in Foreclosure Deficiency Actions
The National Law Review published an article authored by Lance P. Martin of Ward and Smith, P.A. In it, Martin details a recent North Carolina Supreme Court reversal of a 2015 Court of Appeals decision.
9 May 2017
Safeguard Properties Announces Two Management Appointments
Safeguard Properties has appointed Sheilla Lienerth as assistant vice president of client relations and Lisa Nicholas as director of finance and accounting.
9 May 2017
Brooklyn Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases
DNA Info published an article outlining a plan by the Kings County, N.Y. Supreme Court to dismiss all foreclosure cases filed before January 1, 2016 that have seen no court activity after September 30, 2016.
8 May 2017
Underwater Mortgages on Decline
DS News published an article discussing ATTOM Data Solutions’ Q1 2017 U.S. Home Equity & Underwater Report.
8 May 2017
MHA HAMP Update: Updated Reporting Guidance Posted
Making Home Affordable (MHA) issued a release outlining the implementation of an updated MHA Request for Loan Change form.
8 May 2017
Should Servicers Still be Outsourcing REO Disposition?
HousingWire published an article exploring what the current state of the housing industry means for banks and investors that have invested in distressed loan portfolios.
5 May 2017
Fannie Mae: Standard Modification Interest Rate Exhibit
Fannie Mae released an exhibit providing the new Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications.
5 May 2017
CFPB: We Are Seeking Comment on Our Plan for Assessing the Mortgage Servicing Rule
The Consumer Financial Protection Bureau (CFPB) posted a blog announcing a plan to assess the effectiveness of the Real Estate Settlement Procedures Act (RESPA) mortgage servicing rule through the collection of public comment.
4 May 2017
FEMA Declared Disaster California
On May 3, 2017, FEMA issued an update to a Presidential Major Disaster Declaration for areas in California as a result of severe winter storms, flooding and mudslides that took place January 18-23, 2017.
3 May 2017
Fannie Mae: Simplifying Servicing and More
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
3 May 2017
FEMA Declared Disaster Resighini Rancheria
On May 2, 2017, FEMA issued a Presidential Major Disaster Declaration for the Resighini Rancheria Tribe of California as result of flooding that took place February 8-11, 2017.
2 May 2017
MHA HAMP Update: Updated Reporting Guidance Posted, MHA Loan State Change, Servicer Loan Number Change
Making Home Affordable (MHA) issued a release announcing updated guidance for the MHA Loan State Change and Servicer Loan Number Change request processes.
2 May 2017
Building the Best Business Ecosystem
The April issue of Servicing Management featured an article authored by Safeguard Properties Chief Information Officer George Mehok. In it, Mehok explores the concept of business ecosystems and how mortgage field services companies can build the best one possible through the adoption of a fully automated and integrated workflow system.
28 Apr 2017
Laws to Fast-Track Vacant Home Foreclosures Slowly Gain Traction
National Mortgage News published an article exploring current national foreclosure activity and laws that aim to shorten the foreclosure process.
28 Apr 2017
Wisconsin Supreme Court Tackles “Walkaway” Foreclosures
John M. Murphy and Nathan J. Wautier of Reinhart Boerner Van Deuren S.C. authored an article discussing a recent Wisconsin Court of Appeals decision addressing whether “the mortgagee must publish a notice of foreclosure sale within the six-month time frame suggested by the statute (Section 846.101) or risk having the court vacate the foreclosure judgement altogether.
27 Apr 2017
MHA HAMP Update: July 2017 HAMP Reporting System Release Updates & NPL/RPL Reporting Guidance
Making Home Affordable (MHA) issued a release outlining various system updates.
27 Apr 2017