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Fannie Mae: Reminder to Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the California Wildfires
Fannie Mae issued a press release reminding those impacted by the California wildfires of the options available for mortgage assistance.
7 Aug 2018
FHFA: Foreclosure Prevention Report – May 2018
The Federal Housing Finance Agency (FHFA) issued its May 2018 Foreclosure Prevention Report.
7 Aug 2018
FHFA: Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests Announced
The Federal Housing Finance Agency (FHFA) issued a news release announcing the availability of a report providing the results of the annual stress tests Fannie Mae and Freddie Mac are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
7 Aug 2018
MHA: Important Information on the HAMP? Reporting Tool and SSL Certificates
Making Home Affordable (MHA) issued an update offering information pertaining to the HAMP Reporting Tool and SSL certificates.
6 Aug 2018
USDA: Lender Electronic Status and Default Status Correction Requirement
The U.S. Department of Agriculture (USDA) issued a notification reminding USDA Guaranteed Loan Servicers of the new Electronic Status Reporting enhancement.
6 Aug 2018
FEMA Declared Disaster Michigan
FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, flooding, landslides and mudslides from June 16-18, 2018.
3 Aug 2018
Fannie Mae: AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are revised AAA matrices that contain foreclosure-related title cost guidance issued on June 6, 2018, which will be effective for referrals on or after Sept. 1, 2018.
1 Aug 2018
FEMA Declared Disaster Texas
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding from June 19 to July 13, 2018.
31 Jul 2018
FEMA Declared Disaster Vermont
FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by severe storms and flooding from May 4-5, 2018.
30 Jul 2018
HUD Approves $1.5 Billion Disaster Recovery Plan in Puerto Rico
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing an approved plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria.
30 Jul 2018
Fannie Mae: Updated Forms 2009 and 2017; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are updates pertaining to Forms 2009 and 2017.
25 Jul 2018
NYS Legislature OKs Law Letting Syracuse Add Unpaid Housing Fines to Tax Bills
Syracuse.com published an article discussing the passage of NY A00416A, which authorizes the City of Syracuse to add unpaid housing code violation penalties, costs and fines to the city’s annual tax levy.
21 Jul 2018
FEMA Declared Disaster Massachusetts
FEMA issued a Presidential Major Disaster Declaration for areas in Massachusetts affected by severe winter storms and a snowstorm from March 13-14, 2018.
19 Jul 2018
FHFA Statement on HOA Super-Priority Lien Foreclosures
Bradley Arant Boult Cummings LLP published a blog authored by associates Stephen Parsley and R. Aaron Chastain. In it, three recent decisions pertaining to the ongoing issue of HOA Super-Priority Liens in Nevada are discussed.
19 Jul 2018
As Hurricane Season Arrives, U.S. Homeowners Haven?t Fixed Their Big Underinsurance Problem
The Wall Street Journal published an article discussing homeowners who are inadequately insured for natural-catastrophe damage ahead of the height of the Atlantic hurricane season. Insufficient insurance coverage impacts a borrower’s ability to remain current, with additional potential negative consequences, such as property abandonment.
18 Jul 2018
Fannie Mae: MI Termination Updates; Disaster Policy Reminder Lender Letter; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included is Lender Letter LL-2018-04, which contains a number of disaster policy reminders and updates.
18 Jul 2018