Archives For: Industry Updates
Group Looks to Reduce Number of Abandoned ‘Zombie’ Homes
The Spokane Journal of Business published an article highlighting the efforts of a coalition of local professionals determined to reduce the number of Spokane, Wash., zombie properties. Other options currently being explored by the city (foreclosure registry, land bank) also are discussed.
21 Nov 2019
CFPB: Report Explores Differences Between Large and Small Mortgage Servicers
The Consumer Financial Protection Bureau (CFPB) issued a report examining the differences between large and small mortgage servicers. The report explores the role servicers of different sizes play in the mortgage market where size is defined by the number of loans serviced.
21 Nov 2019
Freddie Mac: FHLMC Guide Bulletin 2019-24: Updates to Mortgage Insurance Master Policies
Freddie Mac announced changes to its approved mortgage insurers'(MI) master policies, endorsements and other forms that were last updated in 2014.
20 Nov 2019
Federal Reserve Bank of Atlanta: Foreclosure Externalities and Vacant Property Registration Ordinances
The Federal Reserve Bank of Atlanta published a white paper that tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures.
19 Nov 2019
Freddie Mac: FHLMC Guide Bulletin 2019-23: Updates on Servicing Gateway
Freddie Mac issued a release announcing updates related to flood insurance, resale restrictions and right of first refusal, reimbursment of legal fees and costs, and the Freddie Mac Servicing Gateway.
13 Nov 2019
REO Auctions Attracting Competing Bids
Auction.com issued a report highlighting bank-owned property auction data from the third quarter of 2019.
11 Nov 2019
Wildfires, Power Outages, Now Flooding?
USA Today published an article outlining a recent assessment of the Mojave River Dam by the U.S. Army Corps of Engineers.
4 Nov 2019
Foreclosure Zombies Are Fading
DS News released an article highlighting ATTOM Data’s Q4 2019 Vacant Property and Zombie Foreclosure Report.
31 Oct 2019
CFPB: Taskforce on Federal Consumer Financial Law Announced
The Consumer Financial Protection Bureau (CFPB) announced that it will establish a taskforce to examine ways to harmonize and modernize federal consumer financial laws.
11 Oct 2019
CFR: Housing Market Points to Recession By Election Day
The Council on Foreign Relations (CFR) posted a blog outlining current economic trends that suggest a possible upcoming recession.
10 Oct 2019