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Zombie Property Act Introduced in New York

AB 1563 (Zombie Property Remediation Act of 2017) recently advanced in the New York Assembly and has been referred to the Assembly Codes Committee.

20 Jun 2018

Appeals Court Addresses Foreclosures & Promissory Notes

DS News published an article discussing a recent New Jersey appeals court contested foreclosure case.

20 Jun 2018

Fannie Mae: Ask Poli Is Here to Help; Imminent Default Policy Going Into Effect Next Month

Fannie Mae issued a release highlighting information relevant to servicers and sellers.

20 Jun 2018

Freddie Mac: U.S. Treasury Supports the Single Security

Freddie Mac issued a release highlighting U.S. Treasury Counselor to the Secretary Craig Phillips’ expressed support for the Single Security.

20 Jun 2018

Bill to Lower Foreclosure Process Gains Momentum

PA HB 653 was signed by Governor Tom Wolf on June 19, 2018.

19 Jun 2018

Climate Change Threatens More Than 300,000 Coastal Homes

HousingWire published an article outlining a new report from the Union of Concerned Scientists (UCS).

19 Jun 2018

Redevelopment Authority Bill Approved in Pennsylvania

HB 667 was signed by Governor Tom Wolf. The legislation will grant redevelopment authorities the same power currently utilized by land banks through the Pennsylvania Land Bank Act.

19 Jun 2018

Waters Introduces Bill to Increase FHFA Foreclosure Oversight

HousingWire published an article outlining the introduction of H.R. 6102 (Homeowners Mortgage Servicing Fairness Act of 2018) by U.S. Representative Maxine Waters (D-CA) on June 14, 2018.

18 Jun 2018

VALERI Servicer Newsflash

The U.S. Department of Veterans Affairs (VA) issued an update containing important information for servicers. Included is an announcement outlining the transition to a new VALERI environment as well as a summary of enhancements associated with VALERI Manifest 18.2.

15 Jun 2018

FEMA Declared Disaster Hawaii

On June 14, 2018, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Hawaii as a result of the Kilauea volcanic eruption and earthquakes beginning May 3, 2018 and continuing.

14 Jun 2018

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