Archives For: Industry Updates
DS News published an article outlining the NPPC 2020 keynote address of HUD Senior Advisor to the Assistant Secretary for Housing and Federal Housing Commissioner Dror Oppenheimer.
10 Nov 2020
Freddie Mac updated the effective date for the deployment of the new Unified Counterparty Experience System® from November 8, 2020 to December 7, 2020.
2 Nov 2020
Freddie Mac announced updates to electronic payment deferral agreements, transfers of ownership, escrow requirements, eligible disaster requirements and more.
14 Oct 2020
California Governor signed SB 1079 (Residential property: foreclosure) into law. Taking effect on January 1, 2021, the law will prohibit bulk sales of foreclosed properties (one to four units).
28 Sep 2020
The New York State Department of Financial Services (NYDFS) issued guidance to state-regulated mortgage lenders and servicers pertaining to fees paid to register mortgages in default. The guidance outlines a compliance requirement for mortgagees under the supervision of the NYDFS to remove and reverse any and all registration fees charged to the mortgagor’s account for properties registered in the State of New York.
1 Sep 2020
Bloomberg published an article discussing a Centers for Disease Control and Prevention (CDC) announcement to temporarily suspend evictions of certain consumers to prevent the spread of COVID-19.
1 Sep 2020
DS News published an article highlighting how mortgage lenders and servicers are working to assess creditworthiness and anticipate potential risk among aspiring homebuyers.
31 Aug 2020
ATTOM Data Solutions released its third-quarter 2020 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.5 million residential properties in the United States are vacant, representing 1.6 percent of all homes.
27 Aug 2020
A5627/S4408 has passed the New York State Legislature. The proposed legislation would require an authorized lender that seeks to foreclose upon a reverse mortgage issued under the federal home equity conversion mortgage program to provide notice to the department of financial services and to the mortgagor.
22 Jul 2020
A.6976/S.4190 has passed the New York State Legislature. The proposed legislation would require a mortgage loan servicer’s name and phone number to be included at multiple points during foreclosure proceedings.
21 Jul 2020