Archives For: Industry Updates
Non-banks May Quickly Be Dominating the Servicing Industry
DS News published an article outlining findings from two recent reports from Fitch Ratings.
20 Dec 2016
Is it D?j? Vu All Over Again with Delinquencies?
DS News published an article discussing findings from the Urban Institute’s December 2016 Housing Chartbook.
19 Dec 2016
Chicago Vacant Property Registration Ordinance Approved
On December 1, Locke Lord LLP released an article authored by attorneys Simon A. Fleischman, Ryan M. Holz and Simon M. Feng. The article discusses a Chicago, IL vacant property registration ordinance that became effective on October 19, 2016.
1 Dec 2016
NYCUA’s Mellin Comments on Zombie Property Law Regulations
New York Credit Union Association (NYCUA) President/CEO William J. Mellin submitted a comment letter to the state Department of Financial Services regarding their proposed regulations aimed at addressing zombie properties.
29 Nov 2016
The New Foreclosure Statutes: A Review of the Perils
The New York Law Journal featured an article by Bruce J. Bergman of Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. The article discusses the new omnibus foreclosure law that will become effective in the state of New York on December 20, 2016.
29 Nov 2016
Several Illinois Foreclosure Provisions Sunset . . . But Will They Rise Again?
DS News published an article authored by Diana A. Carpintero and Blake A. Strautins of Kluever & Platt, LLC. The article discusses the potentially uncertain future for several borrower-friendly Illinois Mortgage Foreclosure Law (IMFL) amendments.
22 Nov 2016
Ohio Legislature Contemplating Streamlining Foreclosures of Vacant and Abandoned Properties
National Mortgage News posted an article originally appearing in the The Blade (Toledo, OH) that discusses the state of Ohio’s new fast-track foreclosure law. The law officially took effect on September 28, 2016.
21 Nov 2016
City Commissioners Ready to Move Forward on Land Bank Without County
GoldenIsles.news published an article discussing a decision made by the City of Brunswick, GA in regard to the creation of land bank.
19 Nov 2016
State Spotlight: Florida?s Supreme Court Ruling is a Win for Servicers
DS News published an article discussing a recent Florida Supreme Court ruling which decided that servicers may file new foreclosure actions against borrowers who won foreclosure cases more than five years ago if the borrowers defaulted again within five years of the first case’s dismissal.
11 Nov 2016
State Spotlight: The Sun Sets on Nevada’s Foreclosure Mediation Program
DS News released an article discussing the State of Nevada Foreclosure Mediation Program (FMP), which is scheduled to end on June 30, 2017.
9 Nov 2016