Nevada State Court Ruling on Application of HERA to HOA Foreclosure Sales   Holds Promise for Lenders and GSEsThe first Nevada state court ruling on the federal Housing and Economic Recovery Act (HERA) holds that a deed of trust owned by a GSE cannot be extinguished by a homeowners’ association’s (HOA) foreclosure sale, a promising development for Fannie Mae, Freddie Mac, and lenders embroiled in quiet title cases with purchasers from HOA foreclosure

FHFA Proposes Rule on Fannie Mae's & Freddie Mac's Duty to Serve Underserved MarketsPursuant to the Housing and Economic Recovery Act of 2008, which amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, federal law requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to facilitate a secondary market for mortgages on housing for very low-, low-,

TRID Legislation and GSA Grace Period Last week, the House passed H.R. 3192 the “Homebuyers Assistance Act.” On the same day, the Senate read a similar Bill, S. 1711, twice, and referred their Bill to the Committee on Banking, Housing, and Urban Affairs. In short, the Homebuyers Assistance Act is an effort to provide homebuyers a reprieve from perceived closing