Archives For: foreclosure
Massachusetts Bill Takes Aim at Foreclosure
MA H.4553 (An Act to minimize foreclosures and their harm) has been referred to the Joint Housing Committee.
30 Aug 2016
Bills Proposed to Protect Reverse-Mortgage Borrowers
DS News published an article discussing several bills introduced by New York lawmakers that aim to increase protections put in place for reverse-mortgage borrowers during the foreclosure process.
29 Aug 2016
FHA Streamlines Process to Help Delinquent Homeowners Avoid Foreclosure and Remain in Their Homes
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing new procedures to strengthen the process mortgage servicers use to help struggling families avoid foreclosure and remain in their homes.
25 Aug 2016
Courts Unveil Foreclosure Guide Videos
The Frederick News-Post released an article discussing two new videos that have been created by the Maryland Judiciary and Maryland Volunteer Lawyers Service to help homeowners understand foreclosure.
24 Aug 2016
S&P: State Regulations Squeeze Mortgage Servicing Profits
HousingWire published an article highlighting a recent report from S&P Global.
19 Aug 2016
CFPB Outlines Guiding Principles for the Future of Foreclosure Prevention
The Consumer Financial Protection Bureau (CFPB) issued a press release outlining consumer protection principles for mortgage servicers, investors, government housing agencies and policymakers as they develop new foreclosure relief solutions.
2 Aug 2016
FHLMC Guide Bulletin 2016-13 Servicing Updates
Freddie Mac issued a release announcing simplified processes and the addition of details to a number of topics.
13 Jul 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
More Modifications Focusing on Sustainability
DS News published an article discussing findings from the Office of the Comptroller of the Currency’s (OCC) recent 2016 Q1 Mortgage Metrics Report.
5 Jul 2016
Here?s One Way to Fight Zombie Properties
The New York Law Journal published an article authored by Bruce J. Berkman, a partner with Berkman, Henoch, Peterson & Fenchel. In it, Berkman discusses a recently passed law in Hempstead Town, NY (Ordinance No. 46-2016) that requires servicers to provide a financial security deposit to maintain vacant and abandoned properties that are in the process of foreclosure.
29 Jun 2016