Archives For: foreclosure
FHFA: Foreclosure Prevention Report – Third Quarter 2019
The Federal Housing Finance Agency (FHFA) issued its third quarter 2019 Foreclosure Prevention Report.
9 Jan 2020
New York Foreclosure Protection Law Signed by Governor
New York Governor Andrew Cuomo signed A.5619/S.5160 (An Act to amend the real property actions and proceedings law, in relation to the failure to raise the defense of lack of standing in a mortgage foreclosure action). The legislation amends Article 13 of the Real Property Actions and Proceedings Law to protect foreclosure court defendants by allowing more leeway to raise the defense of “standing”.
23 Dec 2019
NY Governor Signs “Zombie Property Remediation Act”
New York Governor Andrew Cuomo signed SB 5079A (Zombie Property Remediation Act). The legislation aims to permit municipalities to compel a mortgagee to either complete a mortgage foreclosure proceeding or to issue a certificate of discharge of the mortgage for any property which has been certified abandoned pursuant to article 13 of the real property actions and proceedings law.
18 Dec 2019
Top 10 States with Longest Foreclosure Timeline
ATTOM Data Solutions published an article discussing results from its recent U.S. Foreclosure Market Report.
6 Dec 2019
New York City to Combat the Problem of ‘Zombie Homes’
Curbed published an article exploring actions taken in New York designed to address issues stemming from vacant and abandoned properties, foreclosure, homelessness and an affordability crisis.
25 Nov 2019
FHFA: New Strategic Plan and Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued released a new strategic plan for the conservatorships of Fannie Mae and Freddie Mac as well as a new 2020 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions.
28 Oct 2019
City Launches ‘Zombie Team’ to Track Neighborhood Eyesores
PIX 11 published an article discussing a New York City Department of Housing Preservation and Development initiative that aims to monitor abandoned properties throughout the city and transform them into affordable housing.
1 Aug 2019
Auction.com: Distressed Market Outlook
Auction.com released its first quarter 2019 Distressed Market Outlook.
25 Jul 2019
Auction.com: Western U.S. Could See Foreclosure Increase
Auction.com published its 2019 Disposition Client Summit Survey Report. According to its findings, western region U.S. markets are at risk for the highest amount of foreclosure activity in the second half of the year.
1 Jul 2019
OCC: Improvement in Mortgage Performance for First Quarter 2019
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2019 Mortgage Metrics Report.
26 Jun 2019