The national foreclosure rate is down, and perhaps it’s time to start saying “Thank You” to the state of California:
“The U.S. foreclosure landscape in January was profoundly altered by the effects of new legislation that took effect in California on the first of the year,” said Daren Blomquist, vice president at RealtyTrac in a press release.
“Dubbed the Homeowners Bill of Rights, this legislation extends many of the principles in the national mortgage settlement — including a prohibition on so-called dual tracking and requiring a single point of contact for borrowers facing foreclosure — to all mortgage servicers operating in California. …As a result, the downward foreclosure trend in California accelerated into hyper speed in January, decisively shifting the balance of power when it comes to the nation’s foreclosure activity.” [Business Insider]
Eliminating dual tracking and requiring a single point of contact for mortgage service are good ideas which should be adopted nationwide. The final rules issued by the Consumer Financial Protection Bureau don’t completely prevent dual tracking (simultaneously pursuing foreclosure and loan modification) but they are a start. [Bloomberg]
And, now we see another reason Republican members of the U.S. Senate, Senator Dean Heller (R-NV) included, are opposed to the confirmation of Richard Cordray as the CFPB, and are demanding that all rules propagated by the agency protect the profitability (safety and soundness) of the bankers. How about we start protecting the “safety and soundness” of American (and Nevada) homeowners?
Speaking of protection. Beware the War on Data. One of the tools in the pro-gun manufacturers’ kit is the prohibition on data collection. Michael Bender’s article for Bloomberg News, “Gun Lobby Helps Block Data Collection by Crimefighters,” is a must read. A taste – one the infamous Tiahrt Amendment:
“His amendments stopped the ATF from requiring that gun dealers check their inventory for missing weapons and mandated the Federal Bureau of Investigation destroy background check results within 24 hours.”
How are anyone’s interests advanced by preventing the ATF from gathering information about missing weapons? How is public safety advanced by having data collected destroyed within 24 hours? But wait, there’s more:
“Since 1979, Congress has prevented ATF from keeping centralized gun-ownership records, according to the agency. Sales data instead are maintained by the country’s 58,900 federally licensed firearms dealers. When they go out of business, they’re required to send the paperwork to ATF, which stores it on microfilm and microfiche.”
So, we have no computerized data. And if one component, the dealer or the manufacturer are no longer in business — no computerized data. Imagine how much easier a job law enforcement might have tracking illegally obtained weapons IF we had a computerized system? However, the NRA appears intent upon protecting the “rights” of the hysterical members of the Fire On The Last Day Red Dawning Instant Militia of West Deer Breath County Camo Club, or the minions of some drug cartel than in assisting law enforcement with gun violence abatement.
Meanwhile KRNV reports:
” A new study says the number of people killed in Nevada by guns outpaced those who died in traffic accidents in 2009. The study released Tuesday by the Washington, D.C.-based Violence Policy Center says Nevada is one of 10 states where guns deaths were greater than traffic deaths. The other states are Alaska, Arizona, Colorado, Indiana, Michigan, Oregon, Utah, Virginia and Washington.
In Nevada, 406 gun deaths were reported in 2009, compared with 255 people who died in motor vehicle accidents. Nationally, there were 31,236 firearm deaths and 36,361 motor vehicle deaths in 2009.”
Here’s the Chart:
Homeowners whether facing foreclosure issues or looking at the prospect that a member of the family is more likely to die by a bullet than in a Nevada traffic accident — could use a bit more protection.