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The New Foreclosure Statutes: A Review of the Perils
The New York Law Journal featured an article by Bruce J. Bergman of Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. The article discusses the new omnibus foreclosure law that will become effective in the state of New York on December 20, 2016.
29 Nov 2016
VA Circular 26-16-37 Requirements for Notification Evaluation and Reduction
The U.S. Department of Veterans Affairs (VA) released Circular 26-16-37. The circular updates VA guidance on the implementation of Department of Housing and Urban Development (HUD) and Environmental Protection Agency (EPA) guidelines governing the notification, evaluation and reduction of lead-based paint (LBP) and/or lead-based paint hazards in federally-owned residential housing managed by a private sector service provider.
29 Nov 2016
FHA INFO #16-72: Process Efficiencies for Mortgagees When Using Professional Employer Organizations
On November 28, the U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-72.
28 Nov 2016
Fannie Mae: Principal Reduction Modification Retirement and Eviction Lockout Moratorium Announced
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
23 Nov 2016
Several Illinois Foreclosure Provisions Sunset . . . But Will They Rise Again?
DS News published an article authored by Diana A. Carpintero and Blake A. Strautins of Kluever & Platt, LLC. The article discusses the potentially uncertain future for several borrower-friendly Illinois Mortgage Foreclosure Law (IMFL) amendments.
22 Nov 2016
VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) released an announcement containing information on the Real-Estate Owned and Portfolio Servicing Contract (RPSC) on FedBiz Opps.
22 Nov 2016
FEMA Declared Disaster Kansas
On November 21, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kansas as a result of severe storms and flooding that took place September 2-12, 2016.
21 Nov 2016
Ohio Legislature Contemplating Streamlining Foreclosures of Vacant and Abandoned Properties
National Mortgage News posted an article originally appearing in the The Blade (Toledo, OH) that discusses the state of Ohio’s new fast-track foreclosure law. The law officially took effect on September 28, 2016.
21 Nov 2016
City Commissioners Ready to Move Forward on Land Bank Without County
GoldenIsles.news published an article discussing a decision made by the City of Brunswick, GA in regard to the creation of land bank.
19 Nov 2016
FCC Denies Mortgage Servicers’ Bid for Robo-Calling Waiver
National Mortgage News published an article discussing a recent Mortgage Bankers Association (MBA) request for exemption from part of the Telephone Consumer Protection Act.
18 Nov 2016
FHFA: HARP Refinances Continue Decline in Third Quarter
The Federal Housing Finance Agency (FHFA) issued a news release highlighting data from its third quarter 2016 Refinance Report.
17 Nov 2016
Freddie Mac: It’s Getting Easier to Go Fully Electronic with eMortgages
Freddie Mac issued an update exploring the use of electronic loan documents.
17 Nov 2016
MHA HAMP Reporting Update Updated Data Dictionaries Posted
Making Home Affordable (MHA) published an update announcing the availability of several updated Data Dictionaries on HMPadmin.com.
17 Nov 2016
There?s Less Than 1 Year Left for More Than 200,000 HARP Eligible Borrowers
HousingWire published an article discussing the Home Affordable Refinance Program (HARP), which is scheduled to end on September 30, 2017.
17 Nov 2016
VA: M26-4 Servicer Handbook Updates
The U.S. Department of Veterans Affairs (VA) updated several sections of the M26-4 Servicer Handbook. In particular, Appendix H: Property Preservation Requiements has been revised to provide updated information regarding winterization and snow removal.
17 Nov 2016
FHFA Releases Further Data on Non-performing Loan Sales
The Federal Housing Finance Agency (FHFA) issued a press release announcing the availability of a report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
16 Nov 2016