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MHA: HAMP Update: Upcoming Changes to HMPadmin.com
In an effort to simplify accessibility of reporting documents on the Making Home Affordable Program Website (HMPadmin.com), the secure login access for participating servicers will be retired in January 2019. In preparation for this change, the following guides/forms have been moved to the Programs tab on the main page of the site under Loan Reporting […]
19 Oct 2018
FEMA Declared Disaster Kansas
FEMA issued a Presidential Major Disaster Declaration for areas in Kansas affected by severe storms, straight-line winds and flooding from September 1-8, 2018.
19 Oct 2018
Fannie Mae: Expanding Support for Disaster-Affected Homeowners
Updated Servicer Self-Assessment can help you improve processes We’ve updated the Servicer Self-Assessment to help you effectively manage the Fannie Mae loans you service and ensure that you meet our requirements. Two new sections, “Master Servicer Oversight” and “Shared Processes,” will provide additional guidance. Visit the STAR Program pageto find more resources, and contact your Fannie Mae account […]
18 Oct 2018
The Key to Easing Mortgage Defaults
DS News published an article outlining research conducted by the JPMorgan Chase Institute.
18 Oct 2018
FHFA Refinance Report – August 2018
Source: FHFA August 2018 Highlights Total refinance volume increased in August 2018 as mortgage rates in July fell, continuing a trend also observed in June. Mortgage rates increased in August: the average interest rate on a 30-year fixed rate mortgage rose to 4.55 percent from 4.53 percent in July. In August 2018: Borrowers completed 651 refinances […]
16 Oct 2018
VA: Circular 26-18-23: Special Relief Following Hurricane Michael
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Michael, and describes measures mortgagees may employ to provide relief.
15 Oct 2018
HUD: Disaster Assistance for Florida Storm Victims
Source: HUD Foreclosure protection offered to displaced families WASHINGTON – U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Michael. Yesterday, President Trump issued a major disaster declaration for Bay, Franklin, Gulf, Taylor, and […]
12 Oct 2018
FHFA: Foreclosure Prevention Report – July 2018
Source: FHFA July 2018 Highlights The Enterprises’ Foreclosure Prevention Actions: The Enterprises completed 24,030 foreclosure prevention actions in July, bringing the total to 4,203,611 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. There were 18,874 permanent loan modifications in July, bringing the total to 2,257,644 […]
11 Oct 2018
HOPE NOW Natural Disaster Summit
The HOPE NOW Natural Disaster Summit took place October 11-12 in Plano, Texas.
11 Oct 2018
Freddie Mac: Disaster Relief Policies Confirmed as Hurricane Michael Approaches
Source: Freddie Mac MCLEAN, Va., Oct. 10, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded Servicers of its disaster relief policies for borrowers who have been affected by Hurricane Michael. Freddie Mac’s disaster relief options are available to borrowers whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual assistance […]
10 Oct 2018
New Hampshire Rep Takes Aim at ‘Zombie Foreclosures’
Source: New Hampshire Business Review Swanzey rep mulls legislation targeting lender’s responsibility post-foreclosure If you foreclose on a property, then you’re responsible for taking care of it. That’s the idea behind a bill that Rep. James McConnell, R-North Swanzey, would like to introduce next session, aimed are called “zombie foreclosures.” “The financial institution doesn’t care. Neither […]
10 Oct 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Michael
Fannie Mae issued a news release reminding those impacted by Hurricane Michael of the options available for mortgage assistance.
10 Oct 2018
FEMA Declared Disaster Iowa
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms, tornadoes, straight-line winds and flooding that took place June 6 to July 2, 2018.
9 Oct 2018
Fannie Mae: Modification Interest Rate Adjustment Update
Source: Fannie Mae (full exhibit) The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification. NOTE: As a reminder, the interest rate used to determine the […]
5 Oct 2018
Cleveland Demolished Vacant Homes Near Public Schools, But Not Near Private Schools
Source: WEWS ABC 5 A Cleveland initiative aimed at demolishing vacant homes that children walk by on their way to school has led to the tear-down of hundreds of properties near public schools. But a News 5 On Your Side investigation found the safety of children who walk to private schools is still at risk. The […]
4 Oct 2018
Fatal Wildfire Rips Through California Towns
As a new wave of wildfire activity continues in California, actions are being taken to combat its effects.
4 Oct 2018