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VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued an announcement containing updates to Servicer Handbook M26-4. Included is the removal of Appendix H: Property Preservation Requirements and Fees. Information previously contained in the appendix has been transferred to Appendix G. Policy in Appendix G also has been updated to allow winterization advances all year in states where the advance is payable.
1 Apr 2019
Judicial Foreclosure Proposed in New Hampshire
HB 270 (relative to commencement of foreclosure by civil action) passed the New Hampshire House of Representatives in March and currently is making its way through the Senate. If enacted, the bill would require that mortgage foreclosures be commenced by civil actions brought in superior court and would modify the period redemption for a mortgage.
1 Apr 2019
Freddie Mac: New eMortgage Resources
Freddie Mac issued a release announcing new eMortgage resources designed to provide clarity on how digital mortgages provide a streamlined and more efficient home financing experience for sellers, servicers and borrowers.
1 Apr 2019
OCC: Maryann Kennedy Named Senior Deputy Comptroller for Large Bank Supervision
The Office of the Comptroller of the Currency (OCC) issued a news release confirming Maryann Kennedy as its next senior deputy comptroller for large bank supervision.
1 Apr 2019
FEMA Declared Disaster Texas
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding that took place September 2 to November 2, 2018.
30 Mar 2019
VA: Circular 26-19-10: Special Relief Following Iowa Severe Storms and Flooding
The U.S. Department of Veterans Affairs (VA) issued a circular that expresses concern about VA home loan borrowers affected by severe storms and flooding in Iowa and describes measures mortgagees may employ to provide relief.
29 Mar 2019
FEMA Declared Disaster Cahuilla Band of Indians
FEMA issued a Presidential Major Disaster Declaration for the Cahuilla Band of Indians (California) as a result of severe storms and flooding that took place on February 14, 2019.
28 Mar 2019
Mitigating Risks Through Technology
DS News published an article highlighting an upcoming webinar presented by Safeguard Properties that will take place on April 11, 2019. The webinar, titled “Risky Business: Using Data and Analytics to Protect Properties”, will feature insights from Safeguard AVP of Business Development Tim Rath, AVP of Mobile and Analytics Jason Heckman, and Fannie Mae Director of Single-Family Real Estate John Thibaudeau.
28 Mar 2019
Freddie Mac: Disaster Relief Policies for Homeowners Affected by Spring Flooding
Freddie Mac issued a news release reminding mortgage servicers of its disaster relief policies for borrowers affected by flooding in the Midwest.
27 Mar 2019
Fannie Mae: Missouri River Flooding Mortgage Assistance Options
Fannie Mae issued a news release reminding homeowners and servicers impacted by flooding across the Missouri River Basin of available mortgage assistance options.
27 Mar 2019
HUD: FHA INFO #19-09: Single Family Housing Policy Handbook 4.0001 Versions 5.0 and 5.5 Updated
The U.S. Department of Housing and Urban Development (HUD) announced updates to versions 5.0 and 5.5 of Single Family Housing Policy Handbook 4000.1.
27 Mar 2019
OCC: Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Flooding in the Midwest
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators issued a joint statement encouraging financial institutions operating in affected Midwest flood areas to meet the financial services needs of their communities.
25 Mar 2019
FEMA Declared Disaster La Jolla Band of Luiseno Indians
FEMA issued a Presidential Major Disaster Declaration for the La Jolla Band of Luiseno Indians (California) as a result of severe storms, flooding, landslides and mudslides that took place February 14-15, 2019.
23 Mar 2019
OCC: Mortgage Performance Improved in Fourth Quarter of 2018
The Office of the Comptroller of the Currency (OCC) issued its fourth quarter 2018 Mortgage Metrics Report.
22 Mar 2019
FHFA: Foreclosure Prevention Report
The Federal Housing Finance Agency (FHFA) issued its fourth quarter 2018 Foreclosure Prevention Report.
21 Mar 2019
Fannie Mae: AMN/HSSN Enhancements Coming
Fannie Mae announced upcoming Asset Management network (AMN)/HomeSaver Solutions Network (HSSN) updates scheduled for March 23, 2019.
21 Mar 2019