Nationstar Gives All REO Management to Xome
According to the latest Nationstar Mortgage LLC Servicer Report from Fitch Ratings, the servicer is now utilizing Xome for all of its field services and REO asset management and closings. [...]
Maryland Enacts New Quiet Title Legislation
Earlier this year, the Maryland legislature passed House Bill 920/Senate Bill 509 in order to establish rules of practice and procedure for quiet title actions. After recognizing a lack of [...]
Revisions to Ohio’s Foreclosure Procedures Have Arrived
Ohio’s H.B. 390 became effective September 28, 2016. Despite the bill's title, "Sales tax-exempt sale of natural gas by municipal gas company," the bill includes numerous provisions applicable to Ohio's [...]
AB 2819: How an Amended Unlawful Detainer Law in California May Negatively Impact Your Business
Despite strong landlord and association opposition, on September 13, 2016, Governor Jerry Brown signed California Assembly Bill (AB) 2819. This bill, amending California Code of Civil Procedure §1161.2, and adding [...]
Several Illinois Foreclosure Provisions Sunset . . . But Will They Rise Again?
Certain borrower-friendly amendments to the Illinois Mortgage Foreclosure Law (“IMFL”)—added at the beginning of the recent foreclosure crisis—were scheduled to sunset (i.e., automatically repeal) in 2016 or early 2017. For [...]
Ask the Economist: The Election’s Short-Term Impact on Housing
Zillow Senior Economist Skylar Olsen spoke with DS News about housing trends that have quickly changed in the past few weeks, and election results may be the catalyst. The post [...]
The Week Ahead: Prices for GSE Guaranteed Homes Rise Higher
Nationally, prices for homes guaranteed by Fannie Mae and Freddie Mac rose in August. Which geographic regions experienced greater increases than the national average? The post The Week Ahead: Prices [...]
CFPB Asks Appeals Court to Rehear PHH Case
The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the [...]
New Name Thrown Into Ring as Possible HUD Secretary
Could the Trump camp be close to appointing the new HUD Secretary, as speculation of a new prospect for the position circulate? The post New Name Thrown Into Ring as [...]