On Thursday, President Trump signed Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, into law. The bill, designed evolve and streamline regulations put in place by the 2010 Dodd-Frank Act, was passed by the House of ...
Read More »The Week Ahead: Webinar Focuses on Compliance
On Wednesday, May 23, from 2:00 - 3:00 p.m. ET, Stern & Eisenberg will present a new webinar entitled "New York Compliance: Establishing New York State Compliance With RPAPL 1304 and the Business Records Exception to the Hearsay Rule." The webinar ...
Read More »Tallying Foreclosure Prevention Actions
The GSEs, Fannie Mae and Freddie Mac, completed nearly 20,000 foreclosure prevention actions in February 2018, according to the latest Foreclosure Prevention Report issued by the FHFA. The exact total of foreclosure prevention actions for February 2018 came to 19,932. ...
Read More »Foreclosure Assistance for Homeowners Struggling with Property Taxes
Following up on legislation passed in the fall of last year, the city of Philadelphia this week announced changes to the city’s foreclosure prevention program designed to help struggling homeowners who are facing foreclosure after falling behind on their property ...
Read More »Addressing Reverse Mortgages After the Death of a Borrower
Lender OneWest Bank has won a victory in a recent foreclosure case involving deceased borrowers and non-borrowing spouses, with a Florida appeals court reversed an earlier ruling in the case. The events surrounding the case of OneWest Bank, FSB v. ...
Read More »Affordable Mortgage to Avoid Foreclosures
An initiative by a nonprofit will help Philadelphia homeowners facing foreclosure by buying their homes and reselling them to their occupants with mortgage loans they can afford. Here’s how.
Read More »Castle Law Defendants Awarded $1.9M in Legal Fees
Discussing his clients’ victory, Larry Pozner, the lead defense attorney in the case, said, “How dare the state tell a law firm what quality it must hire or what sacrifices it should make to please the state. The clients were satisfied with the services they were receiving.”
Read More »Foreclosure Starts on the Rise
More late stage delinquencies became foreclosures in March, find out why, here.
Read More »Putting Abandoned Properties Under the Spotlight
Ever since the Washington Supreme Court’s decision in the Jordan v. NationStar case, loan servicers have been on edge about securing abandoned property. House Bill 2057 seeks to address this, and several other pressing issues. Most of the bill's sections ...
Read More »How REO Sales Impact Home Prices
With markets across the country suffering from pronounced inventory shortages, it would seem that anything that puts more homes on the market would be a good thing. A new report by Pro Teck Valuation Services found delved into that thesis, ...
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