Archives For: Industry Updates
Maine Law to Allow Mortgagees to Enter Vacant Properties
Recently, LD 1963/HP 1407 (An Act to Preserve the Value of Abandoned Properties by Allowing Entry by Mortgagees) was signed by Maine Governor Janet T. Mills. Taking effect on June 15 2020,, the bill amends provisions of state law that set the process by which a plaintiff in a foreclosure action may enter property that has been abandoned by the homeowner.
10 Apr 2020
ATTOM: U.S. Foreclosure Activity at All-Time Low
ATTOM Data Solutions published its February 2020 U.S. Foreclosure Market Report. According to its findings, the total number of foreclosure filings is at the lowest level since tracking began in April 2005.
2 Apr 2020
Forecasters Expect ‘Above Average’ Storm Activity
USA Today published an article outlining major hurricane activity predictions for the upcoming season (beginning June 1).
2 Apr 2020
California Communities Gradually Rebuilding After Destructive Wildfires
DS News published an article highlighting recovery efforts for counties in California affected by the 2018 Camp Fire and 2017 Tubbs Fire.
2 Apr 2020
CFPB: RFI to Assist Taskforce on Federal Consumer Financial Protection Law
The Consumer Financial Protection Bureau issued a request for information (RFI) to assist the Taskforce on Federal Consumer Financial Law with recommendations on harmonizing, modernizing, and updating federal consumer financial laws.
27 Mar 2020
Freddie Mac: FHLMC Guide Bulletin 2020-06: Payment Deferral
On March 25, Freddie Mac announced the introduction a payment deferral relief option that can help homeowners with an early delinquency due to a short-term hardship situation that has since been resolved.
25 Mar 2020
Freddie Mac: Information on COVID-19 BCP Preparedness
Freddie Mac issued a release outlining its business continuity plans (BCP) as the coronavirus outbreak impacts the U.S.
12 Mar 2020
Miami-Dade County to Suspend Eviction Notices
The Miami-Dade County (FL) Police Department has announced the temporary suspension of all eviction activities due to the Coronavirus COVID-19 emergency.
12 Mar 2020
Freddie Mac: Important Seller/Servicer Information on Potential Impacts of COVID-19
Freddie Mac issued a release reminding sellers/servicers of certain requirements amid recent reports of the possible spread of Coronavirus COVID-19.
10 Mar 2020
San Jose Moves Forward with Moratorium on Evictions
The Mercury News published an article outlining a decision by San Jose, Calif., officials to begin a temporary moratorium on the evictions of tenants facing significant financial burdens due to the Coronavirus COVID-19 global pandemic.
10 Mar 2020