Archives For: foreclosure
FHFA Statement of Alfred M. Pollard
The Federal Housing Finance Agency (FHFA) released the statement of Alfred M. Pollard before the Pennsylvania Senate Urban Affairs and Housing Committee and House of Representatives Urban Affairs Committee.
27 Oct 2015
Letter: State Legislation Needed to Expedite Foreclosure
The Buffalo News posted a letter authored by New York Bankers Association President and CEO Michael P. Smith. In it, Smith discusses the length of the foreclosure process for the state of New York and the support of the New York Bankers Association for the passage of legislation which could accelerate it.
26 Oct 2015
Foreclosure Data Has Significantly Improved From Crisis Peak Five Years Ago
DS News published an article discussing HOPE NOW’s data for August 2015.
21 Oct 2015
VA Circular 26-15-26 Title Documentation in Florida
The U.S. Department of Veterans Affairs (VA) released Circular 26-15-26. The circular provides guidance on the submission of title documents to VA’s property management contractor when conveying a property to VA in the State of Florida.
20 Oct 2015
Freddie Mac Announces Relief for Eligible Borrowers, Employers, Employees in South Carolina Disaster Areas
Freddie Mac posted an update announcing the availability of its full menu of disaster relief policies to homeowners whose homes were damaged or destroyed by the severe storms affecting South Carolina.
6 Oct 2015
HUD Mortgagee Letter 2015-21: Automatic Extensions to HUD’s Initiation of Foreclosure Timeline
The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2015-21. The letter provides guidance relating to HUD’s regulatory requirement for mortgagees to utlize a Loss Mitigation Option or initiate foreclosure within six months of the date of default.
28 Sep 2015
MHA HAMP Reporting Update Q3 2015 Base NPV Documentation Supplement Available
Making Home Affordable (MHA) released a HAMP Reporting Update announcing the availability of the Q3 2015 Base NPV Documentation Supplement for the Home Affordable Modification Program (HAMP).
8 Sep 2015
Federal Protecting Tenants at Foreclosure Act
The National Law Review released an article authored by Brian H. Smith, Shareholder and member of Stark & Stark’s Bankruptcy & Creditors’ Right Group. In it, Smith details issues surrounding the now retired Protecting Tenants at Foreclosure Act (“PTFA”).
21 Aug 2015
Higgins Proposes Legislation to Expedite Sale of Foreclosed Homes by Banks
A recent article published by The Buffalo News discussed the Vacant Homes Act of 2015 (H.R. 3203), which was introduced by Representative Brian Higgins (D-NY-26) on July 23.
29 Jul 2015
FHFA Demonstrates Progress Toward Goal of Keeping At-Risk Families in Homes
On July 15, DS News published an article discussing results from the Federal Housing Finance Agency’s (FHFA) April 2015 Foreclosure Prevention Report.
27 Jul 2015