Archives For: Industry Updates
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
CFPB: Supplemental Notice of Proposed Rulemaking on Time-Barred Debt Disclosures
The Consumer Financial Protection Bureau (CFPB) issued a Supplemental Notice of Proposed Rulemaking regarding the collection of time-barred debt.
21 Feb 2020
President Trump Announces Nomination for Federal Housing Commissioner
President Donald J. Trump announced his intent to nominate Dana T. Wade to be the assistant secretary for housing, federal housing commissioner.
20 Feb 2020
California Bill Aims to Fine Companies in Possession of Vacant Homes
California Senate Bill 1079 would allow jurisdictions (cities/counties) to impose fines on corporations owning multiple single-family homes that have been vacant for more than 90 days. It also would grant tenants the right of first refusal to purchase foreclosed properties. The legislation was introduced on February 19.
19 Feb 2020