“Most issues can be traced back to faulty loan servicing with an often-revolving cast of loan companies” Similar quotes were frequent during the last foreclosure crisis. However this quote comes from a USA Today report onREAD MORE
Sen. Elizabeth Warren (D-Mass.) Proposes a “Tenant Protection Bureau”
Several of the 2020 Presidential hopefuls have revealed their housing plans, mostly focused on affordable housing. Recently Sen. Elizabeth Warren (D-Mass.) released an updated proposal which advocates for the creation of a “Tenant Protection Bureau”,READ MORE
GAO Report on Reverse Mortgages
On September 25th, the U.S. Government Accountability Office (GAO), often called the “congressional watchdog,” issued a report on reverse mortgages. Reverse mortgages allow seniors to convert part of their home equity into payments from aREAD MORE
GAO-19-517 Improved Procedures and Assessment Could Increase Efficiency of Foreclosed Property Conveyances
As FHA insured mortgages continue to increase its market share, additional focus should be placed on the policies FHA/HUD have in place to address properties whose loan becomes delinquent and the property is abandoned. OnREAD MORE
Doing the right thing…
I have been blessed many times in my life, and in many different aspects. One area I do not take for granted was the opportunity to witness first-hand how my late father-in-law, an Ernst &READ MORE
HUD Office of Policy Development and Research (PD&R) 2014 report “Vacant and Abandoned Properties: Turning Liabilities Into Assets”
The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Policy Development and Research (PD&R) issued a report in 2014 titled “Vacant and Abandoned Properties: Turning Liabilities Into Assets” Following are the highlights withREAD MORE
Mortgage Servicing Collaborative – Mortgage Servicing Overview
The topic of (overview of) the mortgage servicing industry is a popular theme at code enforcement and other municipal conferences. To understand how to prevent and address abandoned properties as a result of a mortgageREAD MORE