All Client Alerts
Keeping ahead of frequent industry changes is essential for mortgage servicers. Falling behind is not an option. Failure to comply with changes in regulations, legislation, guidelines and other issues can be costly and time-consuming.
This is why Safeguard provides its “All Client Alert” email newsletter, designed to keep you informed as changes occur.
Click here to subscribe to Safeguard’s “All Client Alert.”
- Case Law Summary
- December 21st, 2001
- Summary: Florida District Court of Appeals affirmed a verdict for
the plaintiff in a case alleging that construction defects in the
Martin County courthouse caused moisture problems, resulting in
extensive mold growth. The county sued the construction company for
breach of contract. Most important, the court determined that
expert testimony linking mold exposure to health problems was
admissible at trial.
- Legislative Update
- December 21st, 2001
- California's Gov. Gray Davis has signed two bills directing that
the state health department study the effects of mold on public
health and implement guidelines and regulations based on its
findings. Once the California State Department of Health Services
adopts standards for acceptable mold levels, anyone who sells,
transfers, or rents property will be liable to inform prospective
buyers and renters of the presence of mold levels that exceed those
standards.
- Mold Remediation, Legislative and Judicial Updates
- December 21st, 2001
- Of late, I have been
approached by several servicers for updates on mold problems, their
remediation, and current movements in the legislative and judicial
arenas.
- Safeguard Mold MEMORANDUM
- December 21st, 2001
- As many of you are aware HUD and the M&M
contractors are becoming very strict in the enforcement of the
guidelines. Following is an issue that you need to be aware of and
keep a close watch when inspecting a vacant property.
- Toxic Mold: A Growing Problem
- December 21st, 2001
- Mold in dwellings and
other buildings has been an ongoing problem and is naturally an
important consideration when preserving property for servicers and
investors. Recently, however, growing concern over the presence of
toxic, black mold has resulted in lawsuits being filed and
nationwide media attention, thus paving the way for some changes in
the claims and legislative arena. Before exploring the
ramifications of toxic, black mold to the mortgage servicing
industry, let us briefly review what it actually is and what causes
it.
- New HUD Policy Targets Home Repair Rip-offs
- December 10th, 2001
- HUD has issued final rules designed to
enhance program controls and strengthen financial viability of the
Title I Property Improvement and Manufactured Housing Loan
Insurance Programs.