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.”
- New Orleans Demolitions Litigation Update
- December 29th, 2005
- On Wednesday December 28th community groups and activists filed a lawsuit to stop the demolitions (discussed here).
City officials agreed not to begin demolitions until after a state judge holds a Jan. 6 hearing. For additional information please click on the following links.
Times Picayune Report "Judge puts hold on home razing"
New Orleans ABC TV Video report
New Orleans ABC TV Transcript
- New Orleans Demolitions Litigation
- December 28th, 2005
- Recently a New York Times Report (registration required) discussed the City of New Orleans proceeding with the razing of a large number of "red tagged" properties.
Subsequent news reports discuss possible lawsuits in response to the city's actions.
- Times Picayune Report on Flooding Lawsuits
- December 28th, 2005
- A recent report discusses a number of potential lawsuits as a result of Hurricane Katrina.
Rocky course awaits flooding lawsuits
Insurers, ArmyCorps of Engineers,Levee Board sued
- Baker Statement on Unsuccessful Effort to Win Passage of LRC
- December 22nd, 2005
- On December 19th, U.S. Rep. Richard H. Baker, R-Baton Rouge, sponsor of H.R. 4100 issued a statement following his unsuccessful effort to gain passage this year of the aforementioned legislation.
- City of Hamilton OH Blight Issues and Ordinances
- December 22nd, 2005
- A recent report discusses blight issues affecting the city of Hamilton OH (45011-15,18,20,23,25-26) and measures the city has undertaken to combat it.
Neighborhood charm dies here one home at a time.
Vacant houses. Overgrown yards. Unkempt properties.
The problems are glaring, said longtime Hamilton, Ohio, resident Robert Prather.
- FHLMC December 22nd Bulletin
- December 22nd, 2005
- Freddie Mac has released its December 22nd Bulletin outlining additional temporary relief measures to help Servicers assist Borrowers with Mortgages secured by properties located in "an eligible Disaster Area."
With this Bulletin, Freddie Mac is announcing that for Mortgages secured by properties in eligible Disaster Areas, we are:
Extending the special reimbursement of regular monthly delinquent property inspections through March 31, 2006
Extending the timeframe for submitting reimbursement requests for regular monthly delinquent property inspections from January 31, 2006 to April 30, 2006
Updating the information that must not be reported to credit repositories through February 28, 2006
Allowing Servicers to make decisions on accessing an abandoned property for insurance claims
- Mediation Available in Hurricane Katrina Related Insurance Disputes
- December 22nd, 2005
- Two recent reports discuss the option being made available to homeowners in Mississippi and Louisiana to turn to mediation for resolution of disputes with insurance carriers.
- Mobile (AL) Register Reports On Potential Buyouts of Severely Damaged Properties
- December 22nd, 2005
- Two (2) recent reports in the Mobile Register discusses recent assessments of severely damaged properties and the potential of the city participating in a FEMA program in which the government will buy storm-ravaged homes at pre-hurricane prices.
- Sun Herald (MS) Report on Hurricane Katrina Damages
- December 22nd, 2005
- A recent report discusses the ongoing issue over whether property damages sustained during the recent Hurricanes were caused by wind or water, thereby impacting the available insurance funds.
- Eminent Domain Kelo vs. New London
- December 21st, 2005
- Earlier this year Kelo vs. New London was tried in the U.S. Supreme Court.