Archives For: Industry Updates
CFPB Adds Another Layer to Controversial Complaint Database
HousingWire published and article discussing a proposed addition to the current Consumer Financial Protection Bureau (CFPB) complaint intake form.
1 Aug 2016
Here’s the Unlikely Key for How Servicers can Increase Profit
HousingWire released an article discussing findings from the J.D. Power 2016 Primary Mortgage Servicer Satisfaction Study.
1 Aug 2016
Serious Delinquencies Continue to Seriously Decline
DS News published an article highlighting results from The Urban Institute’s Housing Finance Policy Center’s July 2016 Chartbook.
27 Jul 2016
Irondequoit Must Turn Over “Zombie” Home Records, Judge Rules
The Democrat & Chronicle released an article discussing a New York State Supreme Court ruling involving a Freedom of Information Law request made by the publication in regard to the town of Irondequoit’s vacant home records.
22 Jul 2016
Petrarca Measure to Help Land Banks Rehabilitate Blighted Properties Passes
The office of Pennsylvania State Representative Joseph Petrarca issued a news release announcing the passage of HB 1198, a bill that would exempt land banks from the state realty transfer tax.
13 Jul 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
Connecticut a Gentler Place to be Evicted
The Hour published an article discussing legislation that provides possession storage for evicted tenants in Connecticut.
8 Jul 2016
Land Banking Legislation Introduced in New Jersey
NJ S2373, a bill that aims to permit municipal land banking in conjunction with an online property database, has been introduced in the Senate and referred to the Senate Community and Urban Affairs Committee.
5 Jul 2016
Servicers Must Get Current on Flood Insurance Requirements
National Mortgage News published an article exploring Minimum Flood Insurance Requirements (MFIR).
1 Jul 2016
Here?s One Way to Fight Zombie Properties
The New York Law Journal published an article authored by Bruce J. Berkman, a partner with Berkman, Henoch, Peterson & Fenchel. In it, Berkman discusses a recently passed law in Hempstead Town, NY (Ordinance No. 46-2016) that requires servicers to provide a financial security deposit to maintain vacant and abandoned properties that are in the process of foreclosure.
29 Jun 2016