Archives For: Industry Updates
WKBW ABC 7 published an article discussing rising foreclosure rates in Erie County, N.Y., and steps officials have taken to combat the issue. Included is new initiative set to being June 1, 2019, that will align the county with the WNY Law Center to research banks/financial institutions responsible for the maintenance of vacant homes in foreclosure and take legal action on those not in compliance.
29 May 2019
On May 27, DS News published an article authored by McCalla Raymer Leibert Pierce (MRLP) Managing Partner Marcos Posada. In it, Posada explores Illinois vacant property laws and provides insight into the importance for servicers to engage properties cautiously.
27 May 2019
The Federal Housing Finance Agency (FHFA) issued its first quarter 2019 Refinance Report.
20 May 2019
The Baltimore Sun published an article outlining issues stemming from a May 7 cyber attack that has compromised the City of Baltimore’s government servers.
14 May 2019
The Consumer Financial Protection Bureau (CFPB) announced additions to its senior leadership and executive teams.
13 May 2019
The Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger announced that Brian Johnson will serve as deputy director.
13 May 2019
The Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input.
13 May 2019
The office of New Jersey Governor Phil Murphy issued a press release outlining the approval of a package of bills aimed at improving foreclosure rates across the state. Included is A4997 (Mortgage Servicers Licensing Act), a bill that will require any person acting as a mortgage servicer to obtain a license from the Commissioner of Banking and Insurance for each main office and each branch office where business is conducted.
30 Apr 2019
The New York Department of Financial Services (NYDFS) announced the appointment of Katherine A. Lemire as the executive deputy superintendent of the newly created Consumer Protection and Financial Enforcement Division.
29 Apr 2019
DS News published an article highlighting a meeting between the National Mortgage Servicing Association’s (NMSA) Joint Federal Agency Task Force and HUD that took place in Washington, D.C.
25 Apr 2019