Archives For: Industry Updates
Freddie Mac: Information on COVID-19 BCP Preparedness
Freddie Mac issued a release outlining its business continuity plans (BCP) as the coronavirus outbreak impacts the U.S.
12 Mar 2020
Miami-Dade County to Suspend Eviction Notices
The Miami-Dade County (FL) Police Department has announced the temporary suspension of all eviction activities due to the Coronavirus COVID-19 emergency.
12 Mar 2020
Freddie Mac: Important Seller/Servicer Information on Potential Impacts of COVID-19
Freddie Mac issued a release reminding sellers/servicers of certain requirements amid recent reports of the possible spread of Coronavirus COVID-19.
10 Mar 2020
San Jose Moves Forward with Moratorium on Evictions
The Mercury News published an article outlining a decision by San Jose, Calif., officials to begin a temporary moratorium on the evictions of tenants facing significant financial burdens due to the Coronavirus COVID-19 global pandemic.
10 Mar 2020
CFPB: Key Steps Taken to Prevent Consumer Harm; Whistleblower Award Program Proposed, Other Measures
The Consumer Financial Protection Bureau (CFPB) announced three steps to advance its strategy on one of its key priorities: preventing consumer harm.
6 Mar 2020
Michigan Governor Approves Delinquent Property Tax Payment Law
Michigan Governor Gretchen Whitmer signed HB 5124. The bill will work to reduce the redemption amount for delinquent property taxes under certain circumstances in an effort to lower the amount of related foreclosures.
2 Mar 2020
Vacant “Zombie” Foreclosures Increase to 3.1 Percent Nationwide
ATTOM Data Solutions recently issued its Q1 2020 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.5 percent of single-family homes and condos in the U.S. are vacant.
27 Feb 2020
Auction.com: 2020 Default Servicing Industry Insights
Auction.com recently announced results from its 2020 Default Servicing Insights report. The results are based on a survey of more than 40 of the nation’s largest bank and non-bank default servicing clients along with representatives from government agencies involved in the servicing and disposition of distressed properties.
26 Feb 2020
Alabama Among Worst in Nation for Empty Housing
Al.com published a report detailing vacant property rates in Alabama. Currently, the state ranks fourth in the country for raw vacancy, with more than 18 percent of statewide housing units reported as empty.
25 Feb 2020
Erie County Introduces “ZOMBIE Watch”
WBEN published a report outlining the introduction of Erie County, N.Y.’s “ZOMBIE Watch”, a new program created through the county clerk’s ZOMBIES Initiative.
22 Feb 2020