June, 2011
Guardedly Good News In California  The tide may be changing UTA’s California lobbyist Mike Belote reports that the tide may be changing in California.“For a number of years California has been layering program upon program in these areas, including regulation of high-cost “covered loans”, a requirement of a diligent attempt to contact borrowers prior to NOD, foreclosure delays absent a finding of a comprehensive modification program, and more. However, there is now strong evidence that key legislators believe that the limits of effective legislative action have been reached. At what is basically the half-way point in the legislative process for 201, there is guardedly good news for UTA and our industry partners.”
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