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Fannie Mae: SVC-2018-09: Servicing Guide Updates
Fannie Mae issued a release containing a number of updates relevant to servicers. Included are changes to guidelines for managing insurance loss proceeds.
12 Dec 2018
CFPB: Press Statement by Mick Mulvaney
The Consumer Financial Protection Bureau (CFPB) issued a statement from Acting Director Mick Mulvany commending the U.S. Senate for confirming Kathy Kraninger as the Bureau’s next director.
11 Dec 2018
OCC: Third Quarter 2018 Mortgage Metrics Report
The Office of the Comptroller of the Currency (OCC) issued its third quarter 2018 Mortgage Metrics Report.
11 Dec 2018
Freddie Mac: Holiday Eviction Moratorium; Natural Disaster Relief Policy Confirmation
Freddie Mac issued a news release announcing a nationwide suspension of eviction lockouts between December 17, 2018 and January 2, 2019. The release also confirmed mortgage relief options for disaster areas impacted by wildfire activity in California.
10 Dec 2018
Fannie Mae: Eviction Suspension for the Holidays
Fannie Mae issued a news release announcing the suspension of eviction lockouts for foreclosed single-family properties during the 2018 holiday season.
10 Dec 2018
Bill to Permit Municipal Land Banking with Online Database Clears Committee
Insider NJ published an article announcing that legislation aiming to permit municipal land banking in conjunction with online property database development in New Jersey cleared the Senate Budget and Appropriations Committee.
10 Dec 2018
MHA: HAMP Update: Supplemental Directive 18-01: Making Home Affordable Program – Program End Date and Administrative Clarifications
Making Home Affordable (MHA) issued a release providing guidance relating to servicers’ continuing obligations to meet requirements set forth in the Servicer Participation Agreement and related documents (SPA).
10 Dec 2018
New Jersey Bill Aims to Create Foreclosure Buyback Program
Senate Bill 1584 (Establishes the “New Jersey Residential Foreclosure Transformation Act”) was reported from the Senate Budget and Appropriations Committee with amendments and a second reading. The bill was originally introduced on February 5.
10 Dec 2018
Winter Storm Diego Set to Strike Southeast
The Weather Channel published an article outlining winter storm activity forecast to directly impact the Southeastern U.S.
9 Dec 2018
FEMA Declared Disaster Connecticut
FEMA issued a Major Presidential Disaster Declaration for areas in Connecticut affected by severe storms and flooding from September 25-26.
5 Dec 2018
FHFA: Non-performing Loan Sales Report
The Federal Housing Finance Agency (FHFA) issued its semiannual report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
4 Dec 2018
Freddie Mac: Give Your Users Instant Access to Freddie Mac Tools
Freddie Mac issued a release outlining its Access Manager provisioning system.
3 Dec 2018
Tornadoes Touch Down in Plains States
The Weather Channel published an article outlining tornadic activity responsible for structural damage in states stretching from the Plains to the Southeast.
2 Dec 2018
7.0 Magnitude Earthquake Affects Alaska
Damage continues to be assessed after a 7.0 magnitude earthquake struck Anchorage, Alaska and its surrounding areas on November 30, 2018.
1 Dec 2018
Tropical Storm Rosa’s Remnants Likely to Bring Widespread Heavy Rain, Flash Flooding to Southwest US
Updated 11/30/18: FEMA issued a Presidential Major Disaster Declaration for areas in the Tohono O’odham Nation (Arizona) affected by severe storms and flooding from October 1-3, 2018. Link to Industry Alert Updated 10/2/18: The office of Utah Governor Gary Herbert issued an executive order declaring a statewide emergency due to potential flooding. Link to executive order Link […]
30 Nov 2018
FEMA Declared Disaster Tohono O’odham Nation (Arizona)
FEMA issued a Presidential Major Disaster Declaration for areas in the Tohono O’odham Nation (Arizona) affected by severe storms and flooding from October 1-3, 2018.
30 Nov 2018