Archives For: Industry Updates
The Consumer Financial Protection Bureau (CFPB) launched a pilot advisory opinion program to publicly address regulatory uncertainty in its existing regulations.
18 Jun 2020
On June 4, 2020, H.R. 7103 (To direct the Neighborhood Reinvestment Corporation with respect to the establishment of a national land bank network, and for other purposes) was referred to the House Committee on Financial Services.
16 Jun 2020
The Utica Observer-Dispatch published an article discussing a recent decision by Herkimer County, N.Y., to withdraw from the Greater Mohawk Valley Land Bank.
12 Jun 2020
The Poughkeepsie Journal published an article outlining a recently approved plan by the New York State Legislature for the creation of a joint land bank between Dutchess County and the City of Poughkeepsie.
11 Jun 2020
On June 8, ValuePenguin published a report outlining the top 10 U.S. states at risk for natural disasters. The report also states that 2020 is on pace to be the year with the most federally declared disasters in history.
8 Jun 2020
Freddie Mac issued a release outlining upcoming changes to its Servicing Gateway platform scheduled to become effective on May 25, 2020.
18 May 2020
ATTOM Data Solutions released its first quarter 2020 U.S. Home Equity & Underwater Report. According to its findings, 3.6 million (one in 15) mortgaged homes were considered seriously underwater during this time frame.
7 May 2020
AccuWeather published a report outlining its updated 2020 Atlantic Basin hurricane forecast.
7 May 2020
The CFPB has outlined practices to provide mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.
24 Apr 2020
Recently, LD 1963/HP 1407 (An Act to Preserve the Value of Abandoned Properties by Allowing Entry by Mortgagees) was signed by Maine Governor Janet T. Mills. Taking effect on June 15 2020,, the bill amends provisions of state law that set the process by which a plaintiff in a foreclosure action may enter property that has been abandoned by the homeowner.
10 Apr 2020