Archives For: Industry Updates
The New Age of Servicing
MReport published an article exploring the ever-evolving mortgage servicing landscape.
10 May 2017
‘Clear boarding’ Replacing Plywood in Bid to Curb Foreclosure Blight
National Mortgage News published an article discussing recent moves by Fannie Mae and Freddie Mac to widen the use of clearboarding for securing pre-foreclosure and real estate owned (REO) properties.
9 May 2017
North Carolina Supreme Court Adopts “Substantial Competent Evidence” Requirement for Borrowers Asserting “True Value” Defense in Foreclosure Deficiency Actions
The National Law Review published an article authored by Lance P. Martin of Ward and Smith, P.A. In it, Martin details a recent North Carolina Supreme Court reversal of a 2015 Court of Appeals decision.
9 May 2017
Brooklyn Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases
DNA Info published an article outlining a plan by the Kings County, N.Y. Supreme Court to dismiss all foreclosure cases filed before January 1, 2016 that have seen no court activity after September 30, 2016.
8 May 2017
Underwater Mortgages on Decline
DS News published an article discussing ATTOM Data Solutions’ Q1 2017 U.S. Home Equity & Underwater Report.
8 May 2017
Should Servicers Still be Outsourcing REO Disposition?
HousingWire published an article exploring what the current state of the housing industry means for banks and investors that have invested in distressed loan portfolios.
5 May 2017
Laws to Fast-Track Vacant Home Foreclosures Slowly Gain Traction
National Mortgage News published an article exploring current national foreclosure activity and laws that aim to shorten the foreclosure process.
28 Apr 2017
Wisconsin Supreme Court Tackles “Walkaway” Foreclosures
John M. Murphy and Nathan J. Wautier of Reinhart Boerner Van Deuren S.C. authored an article discussing a recent Wisconsin Court of Appeals decision addressing whether “the mortgagee must publish a notice of foreclosure sale within the six-month time frame suggested by the statute (Section 846.101) or risk having the court vacate the foreclosure judgement altogether.
27 Apr 2017
Oklahoma Bill Allows Abandoned Property Registration
OK HB 1381 was signed into law by Governor Mary Fallin on April 24, 2017. The bill provides an exception to the prohibition that prevents municipalities from registering real property.
24 Apr 2017
Montgomery Co. Bill May Help Foreclosed Homes Get on the Market
Washington Top News published an article discussing the enactment of a Montgomery County, Md. bill (Bill 38-16) that seeks to impose a civil penalty for failure to register a foreclosure purchase.
24 Apr 2017