Archives For: Industry Updates
CFPB Sues LendUp Loans, LLC for Deceiving Borrowers
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court accusing LendUp Loans, LLC of violating a 2016 consent order and deceiving borrowers.
8 Sep 2021
Various States Ease COVID-19 Consumer Protections
An update of state and federal actions for COVID-19 related moratoriums, including California, DC, Illinois, Maryland, New Jersey, New York, Ohio and Virginia.
7 Sep 2021
Wall Street is Funding Fixer-Upper Houses
Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.
7 Sep 2021
Forbearance Volume Tails Off on Strength of August Jobs Report
The latest Forbearance and Call Volume Survey from the MBA has found that the total number of loans now in forbearance decreased by two basis points from 3.25% of servicers’ portfolio volume in the prior week to 3.23%.
7 Sep 2021
New York Issues Temporary Ban on Evictions
The state of New York issued a temporary ban on evictions and foreclosures that will continue through January 15, 2022.
2 Sep 2021
Boston Issues Eviction Moratorium, Citing COVID-19
Boston declared a moratorium on evictions in the city on Tuesday and is working to set up a $5 million fund to prevent foreclosures.
1 Sep 2021
Memphis Tennessee Utilizes Emergency Rental Assistance Program
Memphis Judges extend cases in order to allow Memphis Area Legal Services attorneys to help tenants start applications for rental aid.
1 Sep 2021
Supreme Court Allows Evictions to Resume During Pandemic
The Supreme Court is allowing evictions to resume across the United States. The unsigned opinion indicated that the Centers for Disease Control and Prevention lacked the authority under Federal law.
26 Aug 2021
Pennsylvania Bill Would Require Property Registration, Annual Assessment
PA HB 1791 was introduced in the Pennsylvania State Legislature. The bill would amend the Neighborhood Blight Reclamation and Revitalization Act, further define vacant and vacant blighted properties, and provide for vacant property registration and annual assessments.
16 Aug 2021
Federal Judge Rejects Effort to Block Eviction Moratorium
The Hill published an article discussing a Washington, D.C., federal judge’s rejection of a landlord group’s request to block the Biden administration’s renewed eviction moratorium.
13 Aug 2021