Fast-Track Foreclosures and Fighting Urban Blight

first_imgHome / Daily Dose / Fast-Track Foreclosures and Fighting Urban Blight Tagged with: Foreclosure NCST Servicers Urban Blight Vacant Property zombie homes Sign up for DS News Daily Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News Foreclosure NCST Servicers Urban Blight Vacant Property zombie homes 2018-08-20 Krista Franks Brock Previous: Last Line of Defense: Claims Management Next: Why Housing Worries Keep Americans Up at Night The Week Ahead: Nearing the Forbearance Exit 2 days ago Fast-Track Foreclosures and Fighting Urban Blight Demand Propels Home Prices Upward 2 days ago Share 1Save  Print This Post Servicers Navigate the Post-Pandemic World 2 days agocenter_img About Author: Krista Franks Brock Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago In response to the foreclosure crisis in 2008, a number of states enacted or considered enacting “fast track” foreclosure processes as a way to bring vacant properties to market quicker and ease neighborhood blight. The National Community Stabilization Trust (NCST), a nonprofit organization focused on restoring vacant properties, attempted to review the efficacy of such laws but was unable to reach a conclusion. “Given the lack of empirical data, we cannot at this time reach a strong conclusion regarding either the advantages or disadvantages of expedited foreclosure processes,” NCST said in its report, titled “Fast Track Foreclosure Laws: Not a Silver Bullet for Fighting Blight.” The nonprofit explained that there was insufficient data to truly examine “fast track” proceedings in various states “either because some states do not specifically track data on motion filings and foreclosure timelines or because this data is not publicly available.” Based on the available data and anecdotal evidence from interviews conducted in four states, the NCST concluded that even where “fast track” foreclosures were available, the option was rarely taken.Under current law, many abandoned properties are subject to the same lengthy foreclosure process as occupied ones, resulting in extended vacancy and other considerable problems. However, mortgage servicers and the housing industry is moving towards addressing the problem of vacant residential property through a discussion on policies that can standardize procedures, definitions, and industry best practices for vacant and abandoned properties.In a white paper on this issue, the National Mortgage Servicing Association (NMSA) had called for an industry-wide discussion on such policies and was in part developed with input from several NMSA member organizations including Wells Fargo, Bank of America, BankUnited, Selene Finance, and others.“Vacant and abandoned properties is a complex and difficult issue that is detrimental to surrounding homeowners and communities,” said Ray Barbone, EVP, BankUnited EVP and Chairman of the National Mortgage Servicers Association (NMSA) upon the release of the white paper. “The issue is evidenced by recent legislation in Ohio and Maryland. However, the industry remains challenged in protecting those impacted due to inconsistent and disparate definitions and guidelines relative to such properties.”In its report, the NCST did offer a few recommendations for policymakers attempting to address the issues of vacant properties and urban blight. First, they believe that any statutes regarding expedited foreclosures should require the collection of data to determine efficacy and impact. The group also suggests policymakers “more effectively engage consumer, neighborhood, and housing advocacy groups in the legislative process.” Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 20, 2018 2,509 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Update: El Faro Wreck Confirmed

first_img The wreckage found over the weekend at the bottom of the ocean has now been confirmed as the missing cargo ship El Faro.Located by the US Navy’s USNS Apache on October 31, the remains were confirmed after a search team aboard the vessel conducted numerous surveys, as reported by NTSB.Survey of area and the vessel continues at a depth of about 15,000 feet where the hull was located. The team on Apache will use CURV 21, a deep ocean remotely operated vehicle outfitted with a video camera, to start the documentation of the vessel and the debris field and attempt to locate and recover the voyage data recorder.The cargo ship El Faro went missing on October 1 when it was hit by Hurricane Joaquin.Image: TOTE View post tag: Wreck View post tag: USNS Apache Authorities Update: El Faro Wreck Confirmed November 3, 2015center_img Back to overview,Home naval-today Update: El Faro Wreck Confirmed View post tag: El Faro View post tag: confirmed Share this articlelast_img read more

Dolan unsure of future beyond weekend

first_img McDermott’s three-year tenure was ended, along with his assistant Nigel Gibbs, by Reading owner Anton Zingarevich following a four-game losing run that has left the club above last-placed QPR on goals scored only. With nine games remaining there is little time to find a replacement, with former Southampton boss Nigel Adkins and ex-Swindon manager Paolo Di Canio installed as the early favourites to take over. Dolan fronted the media for the first time on Thursday and, as well as refusing to be drawn on who might be tasked with leading the club’s relegation fight, he also said he did not know if a new appointment was likely to be made before the next trip to Arsenal on March 30. Dolan denied Zingarevich would play a part in picking the team for this weekend’s trip to Old Trafford – albeit after a long pause – adding: “Obviously not. He’s asked me to pick the team. “He’s talked to me about the team and trying to get a result – genuinely that is all he has said. I’m excited about going to Old Trafford. Really excited about that.” Dolan has been in regular contact with McDermott since he was axed and revealed the former boss had a simple message for the squad ahead of the trip to Old Trafford. “Brian is a great friend of mine. I’ve spoken to him each day,” he said. “He’s a great man. All he has said is: ‘Good luck, get a result’. All he wants is for Reading to get a result.” Dolan, formerly the head of the Royals’ academy, was handed the temporary reins after Brian McDermott was sacked on Monday. “It’s been a difficult week for everybody,” Dolan said. “The players were on the floor at the start of the week. The owner has asked me to take the team on Saturday. That’s my only thought. That’s the honest answer.” Caretaker manager Eamonn Dolan is unsure whether he will remain in charge of Reading beyond this weekend’s trip to Manchester United.center_img Press Associationlast_img read more

Rightlander prioritises social responsibility with monitoring system launch

first_imgShare StumbleUpon SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Submit Rightlander tackles ‘bad actors’ with new compliance tool August 12, 2020 Related Articles Affiliate concerns: Maintaining trust in the modern market July 9, 2020 Marketing compliance specialist Rightlander has launched a new monitoring system which will allow operators to highlight affiliate issues relating to social responsibility and the protection of vulnerable customers.The ‘Social Responsibility Report’ will be made available for UK and Sweden-facing operators, with Rightlander emphasising that the monitoring system develops ‘entry levels essentials’.Ian Sims, founder of Rightlander.com, explained: “Regulatory guidelines require companies to monitor all marketing messages that their affiliates put out and a key point of regulation is to ensure that the industry adopts a strict level of social responsibility.“Every operator needs to have the fundamentals in place and this report is designed to provide them the absolute essentials as a starting point on which to build their affiliate compliance strategy.”The new package searches for marketing at self-excluded gamblers, under 18s and unethical messaging promoted by affiliates, in addition to including PPC monitoring of Google as well as social media mentions and affiliate websites.The Social Responsibility Report will initially be available to brands in the UK and Swedish markets, with a view to extending the offering to multiple territories.Sims continued: “We’re in now the middle of an unprecedented crisis and it’s disturbing to see some affiliates trying to take advantage by using unethical advertising techniques and targeting terms, such as Coronavirus and ‘casinos without Gamstop,’ to try and entice players at a potentially vulnerable point in their lives.“I’ve always been passionate about the gambling industry and the team at Rightlander are motivated to innovate and ensure we remain at the forefront of addressing new compliance challenges that affiliate marketing throws up. As ex-affiliates and affiliate managers, we understand intimately how this method of marketing works and that’s why we are proud to lead the market.” Sharelast_img read more