Archives For: foreclosure
Calls for Audit on Brooklyn Home Foreclosures
Caribbean Life published an article discussing an action taken by Brooklyn, N.Y., civic leaders that calls for a full-scale forensic audit and investigation in the federal, state and city levels into the issue of deed fraud currently faced by the Borough.
30 Nov 2018
FHFA: Foreclosure Prevention Report – August 2018
The Federal Housing Finance Agency (FHFA) published its August 2018 Foreclosure Prevention Report.
6 Nov 2018
VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
30 Oct 2018
Fannie Mae: New Field in LoanSphere Invoicing; plus AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
29 Aug 2018
USDA: Proposed Rule – Streamlining the Loss Claims Process
The U.S. Department of Agriculture (USDA) announced that a proposed rule published in the Federal Register is seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry.
23 Aug 2018
Fannie Mae: New Fraud Alert and Updates to Allowable Foreclosure Title Costs
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
8 Aug 2018
Advocates Urge R.I. to Extend Foreclosure Protection for Homeowners
DS News released an article discussing the passage of S 2270 Sub A (An Act Relating to Property — Mortgage Foreclosure and Sale — Mediation Conference).
27 Jun 2018
Zombie Property Act Introduced in New York
AB 1563 (Zombie Property Remediation Act of 2017) recently advanced in the New York Assembly and has been referred to the Assembly Codes Committee.
20 Jun 2018
USDA: Foreclosure Moratorium Extended for Areas Impacted by Hurricane Maria
The U.S. Department of Agriculture (USDA) announced the extension of a moratorium on property foreclosures in the Presidentially Declared Disaster (PDD) areas impacted by Hurricane Maria.
13 Jun 2018
State Supreme Court Issues Foreclosure Ruling
DS News published an article outlining a recent Wisconsin Supreme Court case where it was decided that claim preclusion does not prevent a lender from bringing further foreclosure actions if a borrower remains in default after the initial dismissal.
8 Jun 2018