Archives For: foreclosure
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
Milwaukee Council Approves Ordinance Identifying Homes Near Foreclosure
On June 23, the Milwaukee-Wisconsin Journal Sentinel published an article titled Aldermen pass measure targeting zombie houses.
17 Jul 2015
VA Circular 26-15-16 Auction Service for the Termination of VA Loans
On July 1, the U.S. Department of Veterans Affairs (VA) released Circular 26-15-16, subtitled Auction Service for the Termination of VA Loans.
8 Jul 2015
Menendez Bill Would Help Homeowners at Risk of Foreclosure Stay in Their Homes
On June 16, the office of U.S. Senator Robert Menendez (D-NJ) issued a press release discussing the introduction of the Preserving American Homeownership Act of 2015.
7 Jul 2015
New My Home by Freddie Mac Website Provides Valuable Consumer Resources
On June 17, Freddie Mac released an update discussing its recently launched My Home by Freddie Mac website.
24 Jun 2015