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The New York Foreclosure Abuse Prevention Act (FAPA): Potential Impact on Real Estate Finance | Dechert LLP

On December 30, 2022, Governor Hochul signed the New York Foreclosure Abuse Prevention Act (“FAPA”) into law, with immediate effect. FAPA not only applies to mortgage foreclosures. ....

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Broker Marketing, Servicing Products; Freddie and Fannie News; Industry Metrics; STRATMOR Interview

Tomorrow is Valentine’s Day, traditionally associated with love. But on the opposite side of the spectrum, an Ohio animal shelter is offering to write your ex’s name in a litterbox, and let its adoptable cats “go to town.” Someone there knows good PR. Did you know that some countries never know who won the Super Bowl? As the pre-printed “Philadelphia Eagles Super Bowl 2023 Champs” t-shirts are shipped off to places like Guatemala or El Salvador, in this country bond market traders and investors are focused on inflation. The Consumer Price Index report for January is tomorrow and forecast to show a 0.5 percent month-over-month rise with energy prices higher again. The headline year-over-year inflation reading is expected to drop to +6.2 percent from +6.5 percent in December. We probably won’t see inflation back in the 2 percent range unless the labor market softens considerably, and that is not evident. Too much inflation will k ....

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New York Appeals Court Sides With Fannie Mae

New York Appeals Court Sides With Fannie Mae
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

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N.Y. Senate Passes Foreclosure Abuse Prevention Bill

As expected, the New York State Senate on Tuesday easily passed a controversial bill aimed at foreclosure reform. The vote was 52 to 10 in favor of the measure. The New York Foreclosure Abuse Prevention Act passed the assembly in March and is expected to be signed into law by Gov. Kathy Hochul. ....

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New York Bill Could Chill Lending

The New York State Legislature is expected to pass a bill that mortgage lenders and servicers believe will make it almost impossible for them to enact successful foreclosure proceedings. The New York Foreclosure Abuse Prevention Act passed the state assembly last week; the state senate is expected to pass it this week. Indications are that Gov. Kathy Hochul will sign the bill into law. ....

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