Category Archives: Mortgage

Trump picks housing consultant for pivotal HUD post

WASHINGTON — President Trump has nominated Pam Patenaude, a boss of a J. Ronald Terwilliger Foundation for Housing America’s Families, to offer as emissary secretary of a Department of Housing and Urban Development.

If confirmed, Patenaude will turn No. 2 to Housing and Urban Development Secretary Ben Carson.

Article source: http://www.nationalmortgagenews.com/news/trump-picks-housing-expert-for-key-hud-post

Laws to fast-track empty home foreclosures solemnly benefit traction

Years after a misfortune of a housing crisis, states still traffic with high foreclosure activity are weighing laws to speed a routine on empty or deserted properties.

Maryland Gov. Larry Hogan is approaching to pointer a check shortly that would fast-track a foreclosure routine for deserted or empty properties. Under a law, a skill would have to accommodate during slightest 3 of 11 criteria directed during ensuring it is no longer assigned in sequence for it to be authorised for fast-tracking.

Article source: http://www.nationalmortgagenews.com/news/laws-to-fast-track-vacant-home-foreclosures-slowly-gain-traction

Why servicing still hasn’t recovered from a foreclosure crisis

Foreclosure activity continues to recede and many of a regulatory reforms combined to strengthen unsettled borrowers have been implemented. Yet debt servicers still haven’t entirely resolved a operational hurdles confronting their business. Why?

Servicers spent “so many years so focused on only removing by day, they’re finally in a position where they can do a post-mortem,” pronounced Marina Walsh, clamp boss of attention investigate in a Mortgage Bankers Association’s investigate and economics department.

Article source: http://www.nationalmortgagenews.com/news/why-servicing-still-hasnt-recovered-from-the-foreclosure-crisis

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