Archives For: Industry Updates
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
Supreme Court Blocks Part of New York’s Eviction Moratorium
The Hill published an article outlining a Supreme Court decision temporarily blocking part of an eviction moratorium put in place by New York state amid the COVID-19 pandemic.
12 Aug 2021
A Congressional Call to Strengthen Foreclosure Protections
DS News published an article outlining recent actions made by Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, urging regulators to strengthen foreclosure and mortgage servicing protections to prevent unnecessary foreclosures during the COIVD-19 pandemic.
6 Aug 2021
Court Finds Foreclosure Filing Fee Unconstitutional
DS News published an article authored by Anselmo Lindberg & Associates LLC Attorney Christopher S. Iaria. In it, Iaria explores a recent ruling by the Illinois Supreme Court that found a foreclosure filing fee to be in violation of free access, equal protection, due process and uniformity clauses.
5 Aug 2021