Archives For: Industry Updates
Several Illinois Foreclosure Provisions Sunset . . . But Will They Rise Again?
DS News published an article authored by Diana A. Carpintero and Blake A. Strautins of Kluever & Platt, LLC. The article discusses the potentially uncertain future for several borrower-friendly Illinois Mortgage Foreclosure Law (IMFL) amendments.
22 Nov 2016
Ohio Legislature Contemplating Streamlining Foreclosures of Vacant and Abandoned Properties
National Mortgage News posted an article originally appearing in the The Blade (Toledo, OH) that discusses the state of Ohio’s new fast-track foreclosure law. The law officially took effect on September 28, 2016.
21 Nov 2016
City Commissioners Ready to Move Forward on Land Bank Without County
GoldenIsles.news published an article discussing a decision made by the City of Brunswick, GA in regard to the creation of land bank.
19 Nov 2016
State Spotlight: Florida?s Supreme Court Ruling is a Win for Servicers
DS News published an article discussing a recent Florida Supreme Court ruling which decided that servicers may file new foreclosure actions against borrowers who won foreclosure cases more than five years ago if the borrowers defaulted again within five years of the first case’s dismissal.
11 Nov 2016
State Spotlight: The Sun Sets on Nevada’s Foreclosure Mediation Program
DS News released an article discussing the State of Nevada Foreclosure Mediation Program (FMP), which is scheduled to end on June 30, 2017.
9 Nov 2016
Beck Bill to Prevent Sandy Foreclosures Advances Amidst Call for Further Action
New Jersey Senator Jennifer Beck (R-Monmouth) issued a newsletter announcing the passage of S-2300 in the Senate Budget Committee.
4 Nov 2016
Foreclosure Mortgage Fraud Bill Introduced in Illinois
IL HB 6619 had its first reading and was referred to the Rules Committee on November 2, 2016.
2 Nov 2016
Boomerang Buyers Dust Themselves Off to Re-enter Market
DS News published an article discussing the 2.5 million consumers who are set to potentially re-enter the mortgage market in 2017.
27 Oct 2016
Ninth Circuit Holds That Enforcing a Security Interest is Not Necessarily Debt Collection
The National Law Review published an article authored by Mark G. Rackers and Shannon Z. Petersen of Sheppard Mullin Richter & Hampton LLP. The article discusses the United States Court of Appeals for the Ninth Circuit’s affirmation that activities incident to the non-judicial foreclosure of a deed of trust under California state law is not “debt collection” within the scope of the Fair Debt Collection Practices Act.
27 Oct 2016
Treasury: Here?s What Housing Reform Should Look Like
DS News published an article discussing a recent commentary by U.S. Department of the Treasury Counselor Antonio Weiss and Assistant Secretary for Economic Policy Karen Dynan.
27 Oct 2016