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FEMA Declared Disaster New York State
On December 22, FEMA issued a Presidential Major Disaster Declaration for areas in New York State as a result of a severe winter storm, snowstorm and flooding, November 17-26.
22 Dec 2014
At MBA’s Urging, Federal Action Taken on Eminent Domain Mortgage Seizure Proposal
On December 17, the Mortgage Bankers Association (MBA) released an MBAlert discussing a provision in the Fiscal Year 2015 omnibus appropriations bill that bars HUD, FHA and Ginnie Mae from insuring, securitizing, or establishing a Federal guarantee for mortgage loans seized through eminent domain.
22 Dec 2014
Bankruptcy Court Finds Debtor Entitled to a “Free House” Because Mortgage Foreclosure Complaint Barred by New Jersey Statute of Limitations
In a recently released article to JD Supra Business Advisor, Duane Morris LLP discusses a recent decision by the United States Bankruptcy Court for the District of New Jersey.
22 Dec 2014
Fannie Mae: Economic Growth Ends Year With a Slower Q4, but Poised to Strengthen in 2015
On December 18, Fannie Mae issued a news release titled Economic Growth Ends Year With a Slower Q4, but Poised to Strengthen in 2015.
22 Dec 2014
Julian Castro Statement on HUD FY2015 Budget
On December 17, the U.S. Department of Housing and Urban Development issued a press release titled Julian Castro Statement on HUD FY2015 Budget.
22 Dec 2014
Senate Passes Tax Bill That Includes Key Mortgage Deductions
On December 17, National Mortgage News published an article detailing a bill approved by the U.S. Senate that would retroactively extend over 50 expiring tax provisions for one year.
22 Dec 2014
Freddie Mac Predicts Biggest Year for Home Sales Since ?07
On December 16, DS News released an article highlighting information from Freddie Mac’s December 2014 U.S. Economic and Housing Market Outlook.
18 Dec 2014
New York County Hopes to Revive Vacant Properties with Land Bank Creation
On December 11, The Buffalo News published an article titled Cattaraugus County establishes land bank.
16 Dec 2014
FHLMC Guide Bulletin 2014-24 Selling and Servicing Updates
On December 15, Freddie Mac released an update titled Guide Bulletin 2014-24: Selling and Servicing Updates.
15 Dec 2014
Johnson Congratulates Brown
On December 12, the U.S. Committee on Banking published a news release featuring Chairman Tim Johnson’s statement congratulating Senator Sherrod Brown on being named Ranking Member for the Banking Committee next Congress.
15 Dec 2014
Spending Bill Bans FHA from Financing Eminent Domain Loans
On December 12, National Mortgage News released an article discussing a provision in the $1.05 trillion cromnibus appropriations bill that would ban the Federal Housing Administration from refinancing loans that have been seized through eminent domain.
12 Dec 2014
MHA HAMP Reporting Update Updated Reporting Form Posted on HMPadmin.com
On December 10, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled Updated Reporting Form Posted on HMPadmin.com.
12 Dec 2014
Fannie Mae SVC-2014-21 Servicing Guide Upates
On December 10, Fannie Mae released Servicing Guide Announcement SVC-2014-21, subtitled Servicing Guide Updates.
11 Dec 2014
Fannie Mae Taps Reinsurance Industry in New Risk Sharing Transaction
On December 10, Fannie Mae published a news release announcing its completion of a new credit risk sharing transaction.
11 Dec 2014
GAO-15-56: Information Technology: HUD Can Take Additional Actions to Improve its Governance
On December 10, the U.S. Government Accountability Office (GAO) released GAO-15-56, a report subtitled Information Technology: HUD Can Take Additional Actions to Improve its Governance.
11 Dec 2014
Massachusetts AG Urges FHFA to Make More Changes to Buyback Policy
On December 10, DS News published an article discussing a letter written by Massachusetts Attorney General Martha Coakley to FHFA Director Mel Watt featuring changes the agency could make to its Fannie Mae and Freddie Mac REO buyback policy.
11 Dec 2014