Archives For: Industry Updates
Tough Choices for Servicers After Tenant Foreclosure Law Expires
On February 5, National Mortgage News published an article discussing potential issues facing mortgage servicers after the expiration of the federal Protecting of Tenants at Foreclosure Act at the end of 2014.
10 Feb 2015
San Francisco Controller’s Report Discourages Eminent Domain Use
On February 5, Bloomberg published an article discussing San Francisco Controller Ben Rosenfield’s recent report warning of potential negative impacts from the city’s participation in an eminent domain program designed to help homeowners avoid foreclosure.
9 Feb 2015
Wayne County Begins Foreclosure Proceedings on 75,000 Homes
On January 29, DS News released an article titled Wayne County, Michigan, Begins Tax Foreclosure Hearings.
30 Jan 2015
Baltimore Ordinance Concerning Vacant Structures Signed by Mayor
On January 25, The Baltimore Sun published an article titled City to take earlier, more aggressive approach to abandoned houses.
28 Jan 2015
Massachusetts Supreme Judicial Court Rejects Municipal Foreclosure Ordinances
On January 14, K&L Gates LLP published a Financial Institutions and Services Litigation Alert discussing recently contested Massachusetts municipal foreclosure ordinances.
21 Jan 2015
Mortgage Program Offers Struggling Homeowners Fresh Start
On January 16, National Mortgage News posted an article (previously published by Newsday) discussing the recently launched New York State Mortgage Assistance Program.
21 Jan 2015
New York State Department of Financial Services 11 NYCRR27 (Insurance Regulation 202)
The New York State Department of Financial Services has published the Final Adoption of Regulation 202 (11 NYCRR 227), titled Regulation of Force-Placed Insurance. The regulation is effective February 7, 2015.
21 Jan 2015
New Michigan Foreclosure Laws to Help Borrowers Facing Potential Home Loss
On January 16, LegalNews.com published an article titled Legislation to help keep Mich. families in homes.
19 Jan 2015
Congress Extends Foreclosure Postponements for Military Servicemembers
On January 12, JD Supra Business Advisor posted an article by CEB (Continuing Education of the Bar-California) discussing the recent decission by Congress to extend special provisions in the Servicemembers Civil Relief Act (SCRA) (50 USC App §§501–597a).
13 Jan 2015
Eminent Domain for Mortgages
On January 12, Commonwealth Magazine released an article discussing the idea of using a municipality’s powers of eminent domain to aid homeowners facing foreclosure.
13 Jan 2015