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Fannie Mae: SVC-2019-03: Servicing Guide Updates
Fannie Mae issued a release announcing several updates to its Servicing Guide that clarify policy regarding mortgage insurance (MI) termination solicitations, simplify policies by removing references to designated document custodians, and more.
15 May 2019
Baltimore Ransomware Attack Cripples City’s Mortgage Operations
The Baltimore Sun published an article outlining issues stemming from a May 7 cyber attack that has compromised the City of Baltimore’s government servers.
14 May 2019
FHFA: Foreclosure Prevention Report – February 2019
The Federal Housing Finance Agency (FHFA) issued its February 2019 Foreclosure Prevention Report.
14 May 2019
FHFA: New Staff Appointments
The Federal Housing Finance Agency (FHFA) announced the appointments of Clinton Jones, Lynn Fisher and Matt Grinney. Jones has been named senior advisor for legal affairs and policy, Fisher will serve as senior advisor for economics and Grinney will be a senior communications and policy advisor.
13 May 2019
CFPB: Senior Leadership and Executive Team Additions
The Consumer Financial Protection Bureau (CFPB) announced additions to its senior leadership and executive teams.
13 May 2019
CFPB: Director Kraninger Announces Deputy Director
The Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger announced that Brian Johnson will serve as deputy director.
13 May 2019
CFPB: Plan to Review Rules Under the Regulatory Flexibility Act
The Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input.
13 May 2019
Severe Storms Bring Tornadoes and Flooding to South Central U.S.
AccuWeather issued a report outlining severe weather activity affecting portions of Texas, Oklahoma and Kansas.
8 May 2019
FEMA Declared Disaster Guam
FEMA issued a Presidential Major Disaster Declaration for areas in the Territory of Guam affected by Typhoon Wutip from February 23-25, 2019.
7 May 2019
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
7 May 2019
FEMA Declared Disaster Alabama
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms, straight-line winds, tornadoes, flooding and landslides that took place February 19 to March 20, 2019.
6 May 2019
FHFA: Two Staff Appointments Announced
The Federal Housing Finance Agency (FHFA) issued a news release announcing the addition of Christopher L. Bosland as the senior advisor for regulatory affairs and Meghan C. Patenaude as a senior policy advisor.
6 May 2019
FEMA Declared Disaster Oregon
FEMA issued a Presidential Major Disaster Declaration for areas in Oregon affected by severe winter storms, flooding, landslides and mudslides that took place February 23-26, 2019.
2 May 2019
FEMA Declared Disaster California
FEMA issued a Presidential Major Disaster Declaration for areas in California affected by severe winter storms, flooding, landslides and mudslides that took place February 13-15, 2019.
1 May 2019
Freddie Mac: A New Way to Experience Single-Family Business Coming Soon
Freddie Mac issued a release announcing that a redesigned single-family website and enhanced Single-Family Seller/Servicer Guide will make their debut later this spring.
1 May 2019
Foreclosure Reform Bills Proposed in New Jersey
The office of New Jersey Governor Phil Murphy issued a press release outlining the approval of a package of bills aimed at improving foreclosure rates across the state. Included is A4997 (Mortgage Servicers Licensing Act), a bill that will require any person acting as a mortgage servicer to obtain a license from the Commissioner of Banking and Insurance for each main office and each branch office where business is conducted.
30 Apr 2019