Archives For: Industry Updates
NJ S2373, a bill that aims to permit municipal land banking in conjunction with an online property database, has been introduced in the Senate and referred to the Senate Community and Urban Affairs Committee.
5 Jul 2016
National Mortgage News published an article exploring Minimum Flood Insurance Requirements (MFIR).
1 Jul 2016
The New York Law Journal published an article authored by Bruce J. Berkman, a partner with Berkman, Henoch, Peterson & Fenchel. In it, Berkman discusses a recently passed law in Hempstead Town, NY (Ordinance No. 46-2016) that requires servicers to provide a financial security deposit to maintain vacant and abandoned properties that are in the process of foreclosure.
29 Jun 2016
The National Law Review published an article authored by Andrew Barsom of Murtha Cullina LLP. In it, Barsom discusses a recent action from the Connecticut Appellate Court in regard to the topic of whether or not a lender foreclosing a mortgage in Connecticut must comply with the statutory process to make the administrator of the decedent a party to the action to ensure a proper judgment of foreclosure enter.
14 Jun 2016
HousingWire published an article discussing the CFPB Data Accountability Act, which was recently introduced into the House of Representatives.
13 Jun 2016
A recent article authored by Joel E. Tasca and Jenny N. Perkins of Ballard Spahr LLP addressed an action by an Illinois federal district court pertaining to the issue of a deficiency on a Federal Housing Authority (FHA) insured loan.
9 Jun 2016
The Ken-Ton Bee published an article discussing the efforts of New York State Assemblyman Michael Kearns to collect public complaints pertaining to vacant, blighted homes in order to raise awareness of their existence and inspire action from the state.
8 Jun 2016
Two bills involving foreclosure procedure have advanced to a third reading in the New York State Assembly: A.8559 (Relates to providing notice to a homeowner whose property is being foreclosed that they do not have to abandon the property until the day of the foreclosure sale) and A.4842 (Requires plaintiffs in mortgage foreclosure actions to provide contact information).
1 Jun 2016
DS News published an article discussing the latest grant by the National Foreclosure Mitigation Counseling (NFMC) program to assist areas throughout the country struggling with high rates of foreclosure.
31 May 2016
DS News published an article discussing data released by HOPE NOW for the first quarter of 2016.
26 May 2016