Archives For: foreclosure
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
The Way Forward
The Monroe County (N.Y.) Vacant and Abandoned Property Task Force issued an annual report providing recommendations to bolster foreclosure prevention and directly engage the issue of distressed properties.
7 Jun 2018
Fannie Mae: Foreclosure-Related Title Cost Updates and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
6 Jun 2018
Rep. San Buenaventura Asks Governor to Issue Executive Orders Supporting Housing for Kilauea Eruption Evacuees
Hawaii 24/7 posted a media release outlining a request for three executive orders from Representative Joy A. San Buenaventura (HI, Dist. 4 Puna) to Governor David Ige. Among the orders is the request for a waiver of the landlord-tenant code, which would allow vacant properties in the foreclosure process to be rented.
2 Jun 2018
Fannie Mae: Updates to High LTV Refi Option and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
23 May 2018