Archives For: Industry Updates
CFPB: Federal Servicing Regulation Amendments Issued
The Consumer Financial Protection Bureau (CFPB) finalized amendments to federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out.
28 Jun 2021
Biden Nominates Two for Top HUD Roles
DS News published an article providing an overview of HUD leadership role nominees from President Joe Biden.
28 Jun 2021
CDC Extends Eviction Moratorium Through July 31
Media outlets are reporting that the Centers for Disease Control and Prevention (CDC) has extended its federal moratorium on eviction for non-payment of rent through July 31.
24 Jun 2021
HUD: Updated Servicing and Loss Mitigation Section of Handbook 4000.1
The U.S. Department of Housing and Urban Development (HUD) delayed the effective date for policy changes published to Section III (Servicing and Loss Mitigation), Appendix 4.0 (FHA-HAMP Calculations) and Appendix 5.0 (Schedule of Standard Possessory Action and Deed-In-Lieu of Foreclosure Attorney Fees) of Single Family Housing Policy Handbook 4000.1.
24 Jun 2021
Waters Seeks Extension of Federal Foreclosure Moratoria
DS News has reported that Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, has sent a letter to HUD, USDA, VA, CFPB, and FHFA requesting that these agencies extend their moratoria on foreclosures at least until the CFPB is able to finalize and implement its pandemic recovery mortgage servicing rule.
22 Jun 2021
HUD: Disaster Recovery Funds for Puerto Rico and USVI
The U.S. Department of Housing and Urban Development (HUD) published a Federal Register notice governing the use of $2 billion in Community Development Block Grant Disaster Recovery (CDBG-DR) funds for electric power system enhancements and improvements for Puerto Rico and the U.S. Virgin Islands.
21 Jun 2021
HUD: Adrianne Todman Sworn in as Deputy Secretary
The U.S. Department of Housing and Urban Development (HUD) announced that Adrianne Todman was officially sworn in as the twelfth deputy secretary of housing and urban development.
14 Jun 2021
Oregon Bill Reinstates COVID-19 Foreclosure Moratorium
Oregon HB 2009 has been signed by Governor Kate Brown. The bill will reinstate the state’s moratorium on foreclosures until at least June 30, 2021.
1 Jun 2021
ATTOM: Zombie Foreclosures Increase in Second Quarter 2021
ATTOM Data Solutions issued its Q2 2021 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.4 (1,409,457) million residential properties in the U.S. are currently vacant.
27 May 2021
OCC: Revitalization Activities in Areas Affected by Hurricane Maria
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation extended the period for giving favorable consideration under Community Reinvestment Act regulations for bank activities that continue to help revitalize or stabilize disaster areas devastated by Hurricane Maria.
27 May 2021