Industry Updates

The mortgage servicing industry is constantly changing and it is imperative to remain knowledgeable of the changes taking place. Safeguard provides industry updates to help industry members keep up with the rapid changes. See the most recent industry updates below.

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Recent Industry Updates

    NYS Legislature OKs Law Letting Syracuse Add Unpaid Housing Fines to Tax Bills
    Syracuse.com published an article discussing the passage of NY A00416A, which authorizes the City of Syracuse to add unpaid housing code violation penalties, costs and fines to the city's annual tax levy.
    July 21 2018
    As Hurricane Season Arrives, U.S. Homeowners Haven’t Fixed Their Big Underinsurance Problem
    The Wall Street Journal published an article discussing homeowners who are inadequately insured for natural-catastrophe damage ahead of the height of the Atlantic hurricane season. Insufficient insurance coverage impacts a borrower’s ability to remain current, with additional potential negative consequences, such as property abandonment.
    July 18 2018
    Puerto Rico Addresses
    In the latest edition of the Edge, the online magazine of the U.S. Department of Housing's (HUD) Office of Policy Development and Research (PD&R), General Deputy Assistant Secretary for Policy Development and Research Todd M. Richardson discusses the importance of obtaining accurate addresses in Puerto Rico.
    July 10 2018
    This California Town Will Give a $500 Monthly Stipend to Residents
    CNN issued a report discussing a planned Universal Basic Income (UBI) initiative set to take place in Stockton, Calif., which aims to give 100 residents $500 a month for 18 months without any conditions. It appears that the funds could be utilized for mortgage payments, thereby mitigating mortgage delinquency and property abandoned.
    July 09 2018
    Indiana Reopens Embattled Foreclosure Prevention Program Following Criticism from Federal Auditors
    WRTV ABC 6 released a report outlining the recent reopening of Indiana's Hardest Hit Fund application process. The action will allow homeowners who have fallen behind their mortgage to apply for a one-time assistance of up to $30,000.
    July 09 2018
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