Archives For: Industry Updates
On December 19, MassLive.com released an article titled SJC rules against Springfield in foreclosure ordinance case.
24 Dec 2014
On December 17, the Mortgage Bankers Association (MBA) released an MBAlert discussing a provision in the Fiscal Year 2015 omnibus appropriations bill that bars HUD, FHA and Ginnie Mae from insuring, securitizing, or establishing a Federal guarantee for mortgage loans seized through eminent domain.
22 Dec 2014
Bankruptcy Court Finds Debtor Entitled to a “Free House” Because Mortgage Foreclosure Complaint Barred by New Jersey Statute of Limitations
In a recently released article to JD Supra Business Advisor, Duane Morris LLP discusses a recent decision by the United States Bankruptcy Court for the District of New Jersey.
22 Dec 2014
On December 12, National Mortgage News released an article discussing a provision in the $1.05 trillion cromnibus appropriations bill that would ban the Federal Housing Administration from refinancing loans that have been seized through eminent domain.
12 Dec 2014
On December 8, National Mortgage News published an article discussing the issue of muncipalities using eminent domain to seize underwater mortgages.
9 Dec 2014
On December 9, Crain’s Chicago Business published an article discussing climbing foreclosure process time in the state of Illinois.
9 Dec 2014
On December 7, Bloomberg published an article discussing a proposal for the city of San Francisco to use eminent domain to take over loans on property with a market value below the mortgage amount.
8 Dec 2014
North Carolina Appellate Court Discusses Service of Process by “Posting” and Due Dilligence Enabling “Posting”
On December 2, Michael C. Thelen, attorney with Womble Carlyle Sandridge & Rice, LLP posted an article to The National Law Review discussing In re Powell, No. COA14-498 (December 2, 2014).
4 Dec 2014
On November 24, the Albuquerque Journal published an article discussing the New Mexico Legislature created Foreclosure Process Task Force and the recommendations listed in its recently issued final report.
26 Nov 2014
Nevada Supreme Court Maintains Foreclosures of HOA Liens May Eliminate First Priority Deeds of Trust
On November 21, InfoBytes Blog (Buckley Sander LLP) posted an article titled Nevada District Court Bars Foreclosure Sale of First Lien HUD-Insured Mortgage.
25 Nov 2014