Archives For: Industry Updates
Urban Institute: Streamlined Home Refinancing Program Potential Benefits
The Urban Institute published a blog post reflecting on the success of the Home Affordable Refinance Program (HARP) and exploring how the introduction of a similar program could help borrowers today.
8 Apr 2021
CFPB: Mortgage Servicing Changes to Prevent COVID-19 Foreclosures
The Consumer Financial Protection Bureau (CFPB) proposed a set of rule changes intended to help prevent avoidable foreclosures as emergency federal foreclosure protections expire.
5 Apr 2021
CFPB: Compliance Bulletin Warns Mortgage Servicers
The Consumer Financial Protection Bureau (CFPB) issued a bulletin warning mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures later this year.
1 Apr 2021
CFPB: Temporary Policy Statements Rescinded to Ensure Compliance
The Consumer Financial Protection Bureau (CFPB) announced that it is rescinding seven policy statements issued in 2020 that provided temporary flexibilities to financial institutions in consumer financial markets, including mortgages. The rescissions will become on effective April 1, 2021,
31 Mar 2021
Zombie Property Remediation Bill Proposed in West Virginia
West Virginia Senate Bill 42 was approved by Governor Jim Justice and is scheduled to take effect on June 16, 2021.
29 Mar 2021
CDC Extends Eviction Moratorium Until June 30
CNN issued a report detailing the CDC’s decision to extend its federal moratorium on eviction for non-payment of rent until June 30, 2021.
29 Mar 2021
CFPB: Report Highlights More Than a Half-Million Complaints in 2020
The Consumer Financial Protection Bureau (CFPB) issued its Consumer Response Annual Report for 2020. The report reflects issues consumers reported to the bureau throughout the year as influenced by numerous factors, including changing market conditions.
24 Mar 2021
Proposed New York Bill Aims to Ban Plywood Property Boarding
NY A6519 was introduced in the The New York State Senate. The bill would prohibit the use of plywood, wood composite, wood veneer or similar wood-based products to secure any real property that is deemed vacant and abandoned.
19 Mar 2021
Flood Risk is Growing for U.S. Homeowners Due to Climate Change
CNN recently published a report offering a detailed look at the increasing threat for flooding across the country and the associated risk of financial loss for affected homeowners.
16 Mar 2021
ATTOM: U.S. Foreclosure Activity Sees Uptick in February 2021
ATTOM Data Solutions released its February 2021 U.S. Foreclosure Market Report. The report shows that there were a total of 11,281 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions).
11 Mar 2021