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.”
- City of Cleveland Demolitions
- January 31st, 2006
- Demolitions of abandoned homes have slowed to a
trickle because of the Reno Avenue house. The bank that held the
mortgage on it sued the city in September for tearing the house
down without notice. The Jane Campbell administration, fearing more
lawsuits, reacted by stalling most demolitions.The result: 80 buildings that were scheduled for
demolition remain standing, monuments to urban decay.
- PLTA Article Hurricane Katrina
- January 30th, 2006
- A recent
article in "Common Ground," the quarterly publication of the
Pennsylvania Land Title Association (PLTA) highlighted the efforts
made by the real estate and land insurance industries to overcome
the challenges of displaced offices, ruined records and relocated
employees to push forward with recovery, re-establishment and a
return to normalcy in the disaster areas. Safeguard contributed to the
article by discussing the desire of lenders to help get people
back home, rather than push forward with the foreclosure
process.
- FEMA Declared Disaster Alert Kansas and Nebraska Severe Winter Storm
- January 27th, 2006
- On January 26th, FEMA issued a Presidential
Disaster Declaration for areas affected by recent
Severe Winter Storms in the States of Kansas and
Nebraska.
- City of Columbus OH Actions to Combat Blight
- January 24th, 2006
- Under a crush of complaints about shabby housing,
junk cars and tall weeds, Columbus City Council is planning to add
money for up to three new code-enforcement officers to the 2006
budget. While Columbus continues to grow and age, the city
has lost 24 code enforcers since 2001, going from 99 to 75,
according to a report prepared for City Council. That loss includes
nine full-time code-enforcement officers who were not replaced when
they quit or retired, and 15 seasonal employees who cut tall grass
and boarded up vacant houses.
- HUD Mortgagee's Request for Extensions of Time Form Update
- January 24th, 2006
- HUD has released an updated Mortgagee's Request for Extensions
of Time Form, effective February 1, 2006.
- VA Circular 26-05-09 Continued Forbearance on Loans Affected by Hurricanes Katrina and Rita - Update
- January 24th, 2006
- The VA has issued the following changes
to VA Circular 26-05-09
- FEMA Declared Disaster Alert South Carolina Severe Ice Storm
- January 23rd, 2006
- On January 21st, FEMA issued a Presidential
Disaster Declaration for areas affected by recent Severe Ice
Storms in the State of South Carolina.
- Cuyahoga County OH Foreclosure Backlog
- January 20th, 2006
- A North Collinwood woman's complaint to the
Ohio Supreme Court may prompt Cuyahoga County to quit hiding
thousands of drawn-out foreclosure cases from the glare of
critics. Foreclosures vanish from judges' case lists while
they are in the hands of magistrates and don't return until the
magistrates send them to the judges for final rulings. The
practice, said to have started during the Depression, conceals the
protracted handling of cases, the numbers of which have surged in
recent years.
- City of Dayton News Release of "The Bank Project"
- January 18th, 2006
- The City of Dayton’s Division of Housing
Inspection has been working on and implementing an innovative idea
of developing positive lines of communications with the Default
Mortgage Industry, in the interest of saving the city the financial
costs and burden of boarding, securing and property clean-ups on
Vacant and Open/Vacant Foreclosure and REO (bank real estate owned)
properties.
- City of West St. Paul MN Snow Removal Ordinance
- January 18th, 2006
- Safeguard has seen a recent increase in the number of
violations issued on properties failing to comply with the city's
snow removal ordinances, specifically: Section 810.05.