Tag Archives: Community Blight

The National Mortgage Servicing Association is calling for federal agencies to work together in conjunction with the mortgage servicing community to standardize the treatment of vacant and abandoned properties, a known cause of community blight and haven for crime. The organization submitted a report to the leadership of HUD, CFPB, the U.S. Department of the Treasury, OCC, Fannie Mae, and Freddie Mac outlining the problem, proposing solutions, and identifying the benefit of each recommendation for the consumer.

The property preservation industry has taken another huge step toward reducing community blight with the passage of Ohio H.B. 463 in the Ohio State Senate.