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MHA: End of Year 2020 HAMP Reporting System Availability
MHA issued a release reminding users that the standard hours of operation for the HAMP Reporting System will be adjusted for end of year 2020.
14 Dec 2020
Foreclosures May Be Subject to ‘Drastic Changes’ Next Year
The latest episode of DS5’s Inside the Industry featured Safeguard Properties Director of Client Account Management Elizabeth Squires, who discussed the impact of COVID-19 on property preservation and foreclosure volumes.
11 Dec 2020
Remnants of Hurricane Laura Spawn Arkansas Tornadoes
FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by Hurricane Laura from August 23-27, 2020.
9 Dec 2020
HUD: FHA INFO #20-92: Wire Transfers for Secretary-Held HECMs and Partial Claims
The U.S. Department of Housing and Urban Development (HUD) announced that all payoffs for secretary-held HECMs and partial claims must be sent to its loan servicing contractor, Novad Management Consulting, in the form of certified funds, such as a cashier’s check.
9 Dec 2020
Freddie Mac: FHLMC Guide Bulletin 2020-46: Servicing Updates
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, updates to requirements for borrower-requested cancellation of borrower-paid mortgage insurance, Decision Insights for short sale exceptions, updates to Automated Clearing House authorization forms and more.
9 Dec 2020
Fannie Mae: SVC-2020-07: Servicing Guide Updates
Fannie Mae announced that it is removing the property-level earthquake insurance requirement on mortgage loans on all Puerto Rico properties and on Guam properties constructed of masonry.
9 Dec 2020
FEMA Declared Disaster Texas
FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by Hurricane Laura from August 23-27, 2020.
9 Dec 2020
Report: Biden Picks Marcia Fudge to Lead HUD
According to news outlets, President-Elect Joe Biden has reportedly selected Ohio congresswoman Marcia Fudge to serve as secretary for the U.S. Department of Housing and Urban Development (HUD). DS News offers a summary of media coverage.
8 Dec 2020
Nor’easter Pummels New England with Heavy Snow, Strong Winds
The Weather Channel published a report providing the latest on a powerful winter storm that swept through the Northeast U.S.
7 Dec 2020
Freddie Mac: UCount is Here
Freddie Mac announced the launch of its Unified Counterparty Experience System® (UCount), a user-friendly platform allowing the submission of information formerly provided through Guide Forms 16SF (Annual Eligibility Certification Report), 1107SF (Seller/Servicer Change Notification Form) and the Annual Eligibility Website.
7 Dec 2020
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) announced the appointment of two executives to the agency’s Executive Committee.
7 Dec 2020
FHFA: Principal Deputy Director Adolfo Marzol to Retire
The Federal Housing Finance Agency (FHFA) announced that Principal Deputy Director Adolfo Marzol will retire on December 18, 2020. Chris Bosland, FHFA senior advisor for regulation, will succeed Marzol as principal deputy director.
4 Dec 2020
FHFA: Statement of Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued the statement of Director Mark A. Calabria at the Financial Stability Oversight Council Principals Meeting.
3 Dec 2020
FEMA Declared Disaster Delaware
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020.
2 Dec 2020
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
FHFA: Foreclosure and REO Eviction Moratorium Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021.
2 Dec 2020