Archives For: Industry Updates
City Launches ‘Zombie Team’ to Track Neighborhood Eyesores
PIX 11 published an article discussing a New York City Department of Housing Preservation and Development initiative that aims to monitor abandoned properties throughout the city and transform them into affordable housing.
1 Aug 2019
U.S. Coastal Communities at Risk for Coastal Flooding
Zillow issued a report that pairs its housing data with Climate Central’s sea-level rise expertise to identify the number of homes located in low-lying coastal areas and projects how many could become exposed to chronic ocean flooding over the coming decades.ok.
31 Jul 2019
Is a Recession on the Way?
DS News published an article discussing data from the latest Zillow Home Price Expectations Survey. According to the survey, a panel of real estate economists and experts have concluded that a recession is likely to hit in 2020.
25 Jul 2019
Waters Introduces FHA Foreclosure Prevention Act
Congresswoman Maxine Waters (D-CA) introduced H.R. 3958 (FHA Foreclosure Prevention Act of 2019). The bill aims to make reforms to improve compliance with loss mitigation requirements by FHA mortgage servicers and to prevent foreclosure. A companion measure (S. 2279) has been introduced in the U.S. Senate by Senator Catherine Cortez Masto (D-NV).
25 Jul 2019
Auction.com: Distressed Market Outlook
Auction.com released its first quarter 2019 Distressed Market Outlook.
25 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates
Freddie Mac issued a release containing updates relating to deed-in-lieu foreclosure insections and subsequent transfer of servicing requirements for mortgages registered with MERS.
12 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-16: Selling Updates
Freddie Mac issued a release containing a simplification of its age of documentation requirements for disasters.
10 Jul 2019
Auction.com: Western U.S. Could See Foreclosure Increase
Auction.com published its 2019 Disposition Client Summit Survey Report. According to its findings, western region U.S. markets are at risk for the highest amount of foreclosure activity in the second half of the year.
1 Jul 2019
Mortgage Industry Calls for Servicing Regulation Uniformity in New York
National Mortgage News published an article discussing a joint letter from the MBA and NYBA that highlights discrepancies in the New York Department of Financial Services’ suggested changes to 3 NYCRR 419. The regulation covers business conduct rules for servicing mortgage loans.
1 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates
Freddie Mac issued a release containing a number of updates for servicers. Included is a change to deed-in-lieu foreclosure inspection requirements that will become effective on July 15, 2019.
12 Jun 2019