Archives For: Industry Alerts
Massachusetts Supreme Judicial Court Invalidates Two Springfield Anti-Foreclosure Ordinances
On December 19, MassLive.com released an article titled SJC rules against Springfield in foreclosure ordinance case.
24 Dec 2014
Fannie Mae Lender Letter LL-2014-09: Updates to Foreclosure Bidding Instructions and Third Party Sales
On December 23, Fannie Mae released Lender Letter LL-2014-09, subtitled Updates to Foreclosure Bidding Instructions and Third Party Sales.
23 Dec 2014
Fannie Mae SVC-2014-22 Updates to the Fannie Mae MyCity Modification
On December 18, Fannie Mae released Servicing Guide Announcement SVC-2014-22, subtitled Updates to the Fannie Mae MyCity Modification.
23 Dec 2014
FHLMC Guide Bulletin 2014-25 Expansion of the Freddie Mac MyCity Modification
On December 18, Freddie Mac released an update titled Guide Bulletin 2014-25: Expansion of the Freddie Mac MyCity Modification.
23 Dec 2014
GAO-15-81 Dodd-Frank Regulations Regulators Analytical and Coordination Efforts
On December 18, the U.S. Government Accountability Office (GAO) released GAO-15-81, a report subtitled GAO-15-81 Dodd-Frank Regulations: Regulators’ Analytical and Coordination Efforts [Reissued on December 18, 2014].
23 Dec 2014
Senators Ask FHFA to Revisit FHLBank Membership Requirements
On December 18, DS News published an article discussing a signed letter by senators to Federal Housing Finance Agency (FHFA) Director Mel Watt concerning stricter membership requirements for Federal Home Loan Banks.
23 Dec 2014
Statement of the Federal Housing Finance Agency on Certain Super Priority Liens
On December 22, the Federal Housing Finance Agency (FHFA) released a statement titled Statement of the Federal Housing Finance Agency on Certain Super Priority Liens.
23 Dec 2014
FEMA Declared Disaster New York State
On December 22, FEMA issued a Presidential Major Disaster Declaration for areas in New York State as a result of a severe winter storm, snowstorm and flooding, November 17-26.
22 Dec 2014
At MBA’s Urging, Federal Action Taken on Eminent Domain Mortgage Seizure Proposal
On December 17, the Mortgage Bankers Association (MBA) released an MBAlert discussing a provision in the Fiscal Year 2015 omnibus appropriations bill that bars HUD, FHA and Ginnie Mae from insuring, securitizing, or establishing a Federal guarantee for mortgage loans seized through eminent domain.
22 Dec 2014
Bankruptcy Court Finds Debtor Entitled to a “Free House” Because Mortgage Foreclosure Complaint Barred by New Jersey Statute of Limitations
In a recently released article to JD Supra Business Advisor, Duane Morris LLP discusses a recent decision by the United States Bankruptcy Court for the District of New Jersey.
22 Dec 2014