New York might make it even harder to foreclose

On today’s episode, Editor in Chief Sarah Wheeler talks with Mortgage Reporter Maria Volkova about New York’s attempt to limit the foreclosure timeline and how that could affect mortgage lenders, servicers and consumers if it passes. The two also discuss flood insurance and the recent findings by HUD’s watchdog that the FHA insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. 

HW Media articles related to this episode:

• NY bill would change statute of limitations on foreclosures
• FHA backed $4.5B in mortgages without required flood insurance