On Friday, June 7, Governor Scott signed House Bill 87 (HB 87) relating to Mortgage Foreclosures into law. What this mean for your association and a new weapon to fight stalled mortgage foreclosures..
Monday Morning Cup of Coffee: Fannie, Freddie investors speak out More Erroneous Reporting on Fannie Mae, Freddie Mac Litigation by Todd Sullivan, ValuePlays. I reached out to Housing Wire this morning (both housing wire itself and author) to discuss this but as of publishing, have not heard back (3hrs). I like the site and visit it regularly, they just really, really missed the boat on this one.
Banks defend their foreclosure practices by blaming overloaded courts for the slog. "We’re trying to speed (cases) up. the state’s "faster foreclosures" bill, approved by the Senate during the.
This past Friday, Governor Scott signed the mortgage foreclosure bill, HB 87, which purports to expedite the backlog of Florida foreclosure actions. According to the bill analysis, Florida foreclosure actions average 853 days, more than double the national average of 414. Nonetheless, as a tradeoff, the bill introduces more onerous pleading requirements on foreclosure plaintiffs [.]
Arch MI unfolds two new tech solutions hammr webinar. arch MI’s quarterly Webinar on the latest trends and data for the nation’s economy and housing market. Led by Ralph DeFranco, Ph.D., Global Chief Economist, Mortgage Services, Arch Capital Services Inc. and author of our Housing and Mortgage Market Review.. Spring 2019 Webinars:
TALLAHASSEE, Fla. – On Monday, Florida Governor rick scott signed 30 bills into law. The bills were presented during the 2018 session and will go into effect in the state of Florida on July 1.
· Recent, significant changes in Florida’s law of foreclosure. On June 7, 2013, Florida Governor Rick Scott signed into law House. which was created to speed up the foreclosure process.
IRS Issues Guidance on Loan Modifications Homeowner ‘securitization theory’ BofA claim dismissed Abigail Field Finds Smoking Gun on BofA Securitization Fraud. which would lead to all kinds of charges from both homeowners facing foreclosure, and from investors who were scammed when they.CNN produces HUD Secretary Castro ad, er, interview Trump is Right: Audit on HUD reveals billions in bookkeeping. – Audit on HUD reveals billions in bookkeeping errors BY TRACY MATHESON / MARCH 7, 2017 dennismichaellynch.com. Despite officials from the Department of Housing and urban development (hud) correcting 0 billion in bookkeeping errors, the department’s financial records have been so poorly kept.Goldman Sachs legal costs could lift amid mortgage investigations SEC Charges Goldman Sachs With Improper Securities. – SEC.gov – Granting a "locate" represents that a firm has borrowed, arranged to borrow, or reasonably believes it could borrow the security to settle the short sale. The SEC finds that goldman sachs violated regulation sho by improperly providing locates to customers where it had not performed an adequate review of the securities to be located.The IRS issued the current debt modification regulations under Regs. Sec. 1.1001-3 in 1996 in response to the Supreme Court’s decision in Cottage Savings. 4 In Cottage Savings, a savings and loan institution sold interests in an underlying pool of mortgages and purchased comparable interests in a different pool of mortgages from a different.
On Tuesday, Gov. Rick Scott signed into law a bill that would require engineers. into a retention pond near Alafaya Trail and State Road 408 around 5 a.m. The Chloe’s Law provision would require.
Gov. Rick Scott signed a bill into law friday aimed at accelerating the pace of the death penalty process in Florida that could make the governor the most active executioner in modern state history.
Governor Rick Scott Signs 34 Bills into Law Today Governor Rick Scott signed the following bills into law today: HB 77 Landlords & Tenants – This bill makes numerous changes to the "Florida Residential Landlord and Tenant Act" which governs the relationship between landlords and tenants under a residential rental agreement.
Scott signs bill to speed foreclosures, evictions. One bill could up speed up the foreclosure process in Florida. The other makes it easier for landlords to evict tenants. The two pieces of legislation were among 34 bills that Scott signed.
Fannie Mae: Consumer spending growth to pick up in Q2 "We are keeping our full-year economic growth outlook at 2.0 percent as risks to our forecast are roughly balanced," said Fannie Mae Chief Economist Doug Duncan. "On the upside, consumer spending.
With nine states voting on it, the most popular ballot measure topic this year is marijuana. Some states are asking voters whether to legalize it for recreational use, others for medicinal use..
Cloudy future for REO-to-rental asset class It will be interesting to watch how these placements fare, and how they hold up in future. The Potential for Class-action Lawsuits In short, the property owner is in potentially being swindled out.