Archives For: Industry Updates
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
Freddie Mac announced servicing and selling updates related to its new Unified Counterparty Experience System and eMortgages.
19 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
Freddie Mac announced a number of updates relevant to servicers. Included are changes to insurance loss requirements and document custody.
15 Jul 2020
Freddie Mac: FHLMC Guide Bulletin 2020-28: Eligible Disasters and Other Servicing Guidance Related to COVID-19
Freddie Mac announced a number of updates relevant to servicers. Included is guidance related to eligible disasters and the introduction of the Disaster Payment Deferral.
15 Jul 2020
Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger announced that Thomas Pahl will serve as bureau deputy director. Pahl has served as policy associate director for research, markets, and regulations since April 2018.
7 Jul 2020
DS News published an article outlining a U.S. Supreme Court decision to invalidate a 2015 Telephone Consumer Protection Act (TCPA) amendment permitting the use of mobile phone robocalls for government-related debt collection.
6 Jul 2020