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first_img Demand Propels Home Prices Upward 2 days ago June 12, 2018 1,994 Views Evictions Webinar Explores PTFA Implications About Author: David Wharton  Print This Post President Donald Trump recently signed Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, into law. Among other changes designed to streamline or modify some elements of the 2010 Dodd-Frank Act, the bill also restores regulations related to the Protecting Tenants at Foreclosure Act (PTFA). That has implications servicers need to consider, and now the Legal League 100 will present a complimentary webinar exploring the topic.Entitled “Evictions: Regulatory and Litigation Update,” this latest installment of the Legal League 100 Webinar Series kicks off at 2 p.m. CT, on Wednesday, June 13. The webinar will feature presentations from representatives of two different League member firms: Jenna Baum, Partner, McCalla Raymer Leibert Pierce, and Gregory Sanda, Associate Attorney, Schiller, Knapp, Lefkowitz & Hertzel, LLP.You can click here to register for the webinar.Originally introduced in 2009, the PTFA “contained protections intended to ensure that tenants facing eviction from a foreclosed property would have adequate time to find alternative housing.” The PTFA expired on December 31, 2014. In the years since, some states have implemented their own versions of the law to continue those protections for tenants. Now, however, the PTFA is once again the law of the land.“In a nutshell, the resurrection of the Protecting Tenants at Foreclosure Act will give certain tenants in foreclosed properties significant additional rights beyond those they may have been provided by state laws,” Richard M. Nielson, Managing Shareholder, Reimer Law Co. told DS News.Nielson cited Kentucky, one of the states in which Reimer Law operates, as an example. Unlike some other states, Kentucky has not introduced their own version of the PTFA in the intervening years since it expired at the Federal level. As such, Nielson explained that the return of the PTFA could significantly increase the amount of time it takes to complete a post-foreclosure eviction. If that range was between 10-30 days before, for example, the reintroduced law could now require as much as 90 days’ notice to “bona fide” tenants before they can be evicted.To read the full text of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, click here. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Home / Daily Dose / Evictions Webinar Explores PTFA Implications Governmental Measures Target Expanded Access to Affordable Housing 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Dodd-Frank Act Evictions Legal League 100 LL100 PTFA s. 2155 Webinars 2018-06-12 David Wharton Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Journal, News, Servicing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Delinquency Rates Hit Pre-Crash Lows Next: The Impact of Fed Rate Hikes on Homeowners Tagged with: Dodd-Frank Act Evictions Legal League 100 LL100 PTFA s. 2155 Webinars The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more


first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A reputed former leader of the Brentwood chapter of MS-13, the violent street gang, was sentenced Thursday to life in prison for murdering two men and assaulting a third three years ago.A jury had convicted 24-year-old Carlos “Silencio” Ortega in March at Central Islip federal court of racketeering, murder, assault with dangerous weapons and related firearms and conspiracy offenses.“He will now have the rest of his life to contemplate the just results of his allegiance to the killing machine known as MS-13,” said Loretta Lynch, U.S. Attorney for the Eastern District of New York.Ortega, who joined the gang in his native El Salvador, shot and killed 21-year-old David Sandler, whom the gang believed was a member of the rival Latin Kings street gang, in Brentwood in February 2010.Ortega also shot and wounded Sandler’s friend, 20-year-old Aaron Galan, who was standing next to Sandler at the time.Weeks later, in March 2010, Ortega killed fellow MS-13 member Mario Alberto Canton Quijada on a Far Rockaway beach when that victim attack rivals on the gang’s behalf.Ortega initially tried to shoot Quijada, but the gun jammed and Ortega hacked the victim to death with a machete and the help of other MS-13 members instead.He was arrested following an investigation by the FBI’s Long Island Gang Task Force, which prosecutors said helped secure convictions for more than 200 LI members of MS-13, one of the largest gangs on the Island.last_img read more


first_imgRetail banking across the world, including at credit unions, will see effects and changes brought about due to the coronavirus pandemic. With the loss in foot traffic to physical locations and increased remote work, institutions with well built-out digital channels can continue to provide value and financial resources to their membership.At year-end 2019, before the pandemic hit, brick-and-mortar branches were continuing to grow at credit unions nationwide. Total branch counts increased by 113 over the past year to 21,225 as of December. Coinciding with branch growth, total employee counts also expanded. Total full-time equivalent employees (full-time + ½ part-time) increased 3.6% year-over-year to 316,335. As of December, credit unions nationwide employed 304,247 full-time and 24,176 part-time employees.Growing branch and employee counts have resulted in increased operating expenses. Salary and benefits, which account for 51.4% of total operating expenses at credit unions nationwide, increased 9.8% year-over-year.In line with increasing branch counts and growing technology offerings around the country, office operation expenses increased 7.7% annually to $9.0 billion at year-end 2019. These expenditures account for 18.4% of total operating expense, the second largest portion behind employee compensation. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more