Archives For: Featured Resources
‘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
MHA HAMP Update: Updated Reporting Guidance Posted
Making Home Affordable (MHA) issued a release outlining the implementation of an updated MHA Request for Loan Change form.
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
Fannie Mae: Standard Modification Interest Rate Exhibit
Fannie Mae released an exhibit providing the new Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications.
5 May 2017
CFPB: We Are Seeking Comment on Our Plan for Assessing the Mortgage Servicing Rule
The Consumer Financial Protection Bureau (CFPB) posted a blog announcing a plan to assess the effectiveness of the Real Estate Settlement Procedures Act (RESPA) mortgage servicing rule through the collection of public comment.
4 May 2017
FEMA Declared Disaster California
On May 3, 2017, FEMA issued an update to a Presidential Major Disaster Declaration for areas in California as a result of severe winter storms, flooding and mudslides that took place January 18-23, 2017.
3 May 2017
Fannie Mae: Simplifying Servicing and More
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
3 May 2017