Archives For: Industry Updates
Should Servicers Still be Outsourcing REO Disposition?
HousingWire published an article exploring what the current state of the housing industry means for banks and investors that have invested in distressed loan portfolios.
5 May 2017
Laws to Fast-Track Vacant Home Foreclosures Slowly Gain Traction
National Mortgage News published an article exploring current national foreclosure activity and laws that aim to shorten the foreclosure process.
28 Apr 2017
Wisconsin Supreme Court Tackles “Walkaway” Foreclosures
John M. Murphy and Nathan J. Wautier of Reinhart Boerner Van Deuren S.C. authored an article discussing a recent Wisconsin Court of Appeals decision addressing whether “the mortgagee must publish a notice of foreclosure sale within the six-month time frame suggested by the statute (Section 846.101) or risk having the court vacate the foreclosure judgement altogether.
27 Apr 2017
Oklahoma Bill Allows Abandoned Property Registration
OK HB 1381 was signed into law by Governor Mary Fallin on April 24, 2017. The bill provides an exception to the prohibition that prevents municipalities from registering real property.
24 Apr 2017
Montgomery Co. Bill May Help Foreclosed Homes Get on the Market
Washington Top News published an article discussing the enactment of a Montgomery County, Md. bill (Bill 38-16) that seeks to impose a civil penalty for failure to register a foreclosure purchase.
24 Apr 2017
Enforcement of Vacant and Abandoned Property Ordinances on Rise
Barley Snyder Attorneys at Law published an article authored by attorneys Scott F. Landis and Joseph P. Schalk. The article explores vacant property registration ordinances (VPRO) and companies like ProChamps that assist municipalities with their enforcement.
21 Apr 2017
Nevada Servicemember Foreclosure Bill Introduced in Senate
NV S.B. 33 has been amended, passed by the Senate and sent to the Assembly. If enacted, the bill will “prohibit the foreclosure of real property owned by certain military personnel or their dependents in certain circumstances”.
18 Apr 2017
NMSA Announces New Chairperson
MReport published an article discussing the appointment of BankUnited EVP of Mortgage Services Ray Barbone as the new chairperson of the National Mortgage Servicing Association (NMSA).
14 Apr 2017
Rhode Island Bills Set Sights on Foreclosed Properties
RI H 5265 was introduced into the Rhode Island General Assembly on January 27 and was recommended to be held for further study by the House Judiciary Committee on March 1. The bill aims to establish the “Foreclosed Property Upkeep Act” and require a purchaser to maintain property by posting a bond and identify an agent for service of process.
5 Apr 2017
Pennsylvania Ponders Fast-Track Foreclosure Bill
On March 1, PA SB 471 was introduced and referred to the Committee on Banking and Insurance.
5 Apr 2017