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OCC: National Banks and Federal Savings Associations Affected by Hurricane Florence in the Southeast and Mid-Atlantic Allowed to Close
Source: OCC WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Florence in the Southeast and Mid-Atlantic to close. In issuing the proclamation, the OCC expects that only […]
11 Sep 2018
FEMA Declared Disaster Alaska
FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by flooding from May 11-13, 2018.
5 Sep 2018
Fannie Mae: Document-Free Expense Reimbursement; Know Your Options Training; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
5 Sep 2018
Tropical Storm Gordon Nears Gulf Coast: Emergencies Declared in Louisiana, Mississippi
The Weather Channel published a report offering an update on the status of the remnants of Tropical Storm Gordon and what areas stand to be affected.
5 Sep 2018
Fannie Mae: Document-Free Expense Reimbursement; Know Your Options Training; and More
Source: Fannie Mae Coming soon – document-free expense reimbursement and self-service reporting Expense reimbursements are about to get faster and easier. On Sept. 24, we’re introducing a new approach to expense reimbursement as part of our commitment to Simplifying Servicing™. In addition to document-free reimbursement claim submissions, you’ll soon have access to a new expense reimbursement […]
5 Sep 2018
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release featuring a chart created to summarize different VA modification options. A number of Development Updates also are outlined, including the upcoming release of VALERI Manifest 18.3 on September 8, 2018.
4 Sep 2018
FEMA Declared Disaster Havasupai Tribe (Arizona)
FEMA issued a Presidential Major Disaster Declaration for the Havasupai Tribe (Arizona) as a result of severe storms, flooding and landslides that took place July 11-12, 2018.
31 Aug 2018
OCC: BULLETIN 2018-26: Updated Comptroller?s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) announced the availability of an updated version of the Other Real Estate Owned booklet of the Comptroller’s Handbook, which provides guidance to examiners on banks’ acquisition, reporting, management, and disposition of other real estate owned (OREO).
31 Aug 2018
VA: Circular 26-18-17: Special Relief Following Hurricane Lane
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by Hurricane Lane.
30 Aug 2018
Fannie Mae: New Field in LoanSphere Invoicing; plus AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
29 Aug 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Lane
Fannie Mae issued a press release reminding those impacted by Hurricane Lane of the options available for mortgage assistance.
23 Aug 2018
Freddie Mac: As Hurricane Lane Approaches Hawaiian Islands, Freddie Mac Confirms Disaster Relief Policies
Freddie Mac issued a press release reminding servicers of its disaster relief policies for people whose homes or places of employment have been affected by Hurricane Lane.
23 Aug 2018
USDA: Proposed Rule – Streamlining the Loss Claims Process
The U.S. Department of Agriculture (USDA) announced that a proposed rule published in the Federal Register is seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry.
23 Aug 2018
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.
21 Aug 2018
FEMA Declared Disaster Connecticut
FEMA issued a Presidential Major Disaster Declaration for areas in Connecticut affected by severe storms, tornadoes and straight-line winds that took place May 15, 2018.
20 Aug 2018
FEMA Declared Disaster Confederated Tribes of the Colville Reservation (Washington)
FEMA issued a Presidential Major Disaster Declaration for the Confederated Tribes of the Colville Reservation (Washington) as a result of flooding that took place May 5-28, 2018.
17 Aug 2018