Archives For: Industry Updates
MA Banks Sue to Overturn Local Foreclosure Laws
On November 14, telegram.com published an article titled Ruling means no change in Worcester foreclosure ordinance.
18 Nov 2014
Bank of America Mortgage Cases go to the Supreme Court
On November 17, HousingWire published an article discussing the decision by the U.S. Supreme Court to hear two cases brought by Bank of America involving underwater mortgages.
18 Nov 2014
CFPB Fines Franklin Loan for Ripping Off Customers
On November 14, National Mortage News published an article discussing the $730,000 fining of Franklin Loan Corporation by the Consumer Financial Protection Agency for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.
17 Nov 2014
Cleveland and Others Fight Blight with Parks and Greenhouses
On November 13, CNN Wire posted an article titled Why this city ‘removes cancer cells’ of foreclosed and abandoned homes.
14 Nov 2014
Los Angeles Ordinance Aims to Charge Foreclosure Fees to Banks
On November 12, Reuters released an article discussing the passing of a foreclosure registration amended ordinance by the LA City Council.
13 Nov 2014
Missouri Supreme Court Invalidates St. Louis County Foreclosure Law
On November 13, the St. Louis Post-Dispatch reported that the Missouri Supreme Court has ruled a 2012 St. Louis County foreclosure ordinance unenforceable due to the county lacking authority in its charter form of government to implement it.
13 Nov 2014
Moody’s Investors Service Assigns Stable Outlook to State HFA Sector for Second Consecutive Year
On November 11, HousingWire released an article titled Moody’s: Outlook stable for housing finance agencies.
13 Nov 2014
$50m Demolition Fund Passes Cuyahoga County Council Unanimously
On October 29, Cleveland Magazine posted a report about the passing of legislation by the Cuyahoga County Council that will allow for a major demolition fund for blighted buildings.
7 Nov 2014
L.A. City Council Backs Proposal to Toughen Foreclosure Registry
On October 29, the Los Angeles Times published an article discussing the initial approval by the LA City Council of a measure that would strengthen the city’s foreclosure registry program.
5 Nov 2014
Pennsylvania Rehabilitates the Abandoned and Blighted Property Conservatorship Act
On October 23, Dana Janquitto, associate with Reed Smith posted a Real Estate Legal Update regarding Pennsylvania HB 1362 (“An Act amending the act of November 26, 2008 (P.L. 1672, No. 135).
4 Nov 2014