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Fannie, Freddie Cut Mortgage Modification Interest Rate for First Time in 2017
HousingWire published an article discussing a recent decision by Fannie Mae and Freddie Mac to cut the standard mortgage modification benchmark rate to 4.125%.
15 May 2017
FEMA Declared Disaster Nevada
On May 12, 2017, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nevada as a result severe winter storms, flooding and mudslides that took place February 5-22, 2017.
12 May 2017
Bringing Law Firms and Servicers Together
DS News published an article highlighting the 2017 Legal League 100 Servicer Summit.
11 May 2017
Realtors Push for Renewal of Tax Relief on Forgiven Housing Debt
National Mortgage News published an article discussing a letter to the U.S. Senate from the National Association of Realtors (NAR) that advocates for the passage of S. 122 (Mortgage Debt Tax Relief Act).
11 May 2017
FHFA: Foreclosure Prevention Report – February 2017
The Federal Housing Finance Agency (FHFA) published its February 2017 Foreclosure Prevention Report.
11 May 2017
FHFA: Statement of Melvin Watt
The Federal Housing Finance Agency (FHFA) released the statement of Melvin L. Watt before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
11 May 2017
MHA HAMP Update: HAMP Reporting Tool Security Update Reminder
Making Home Affordable (MHA) issued an update reminding users that the implementation of security settings on HAMP servers beginning on May 18 will affect access to the HAMP Reporting Tool.
11 May 2017
The New Age of Servicing
MReport published an article exploring the ever-evolving mortgage servicing landscape.
10 May 2017
Fannie Mae: Announcement SVC-2017-04: Servicing Guide Updates
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
10 May 2017
FHLMC Guide Bulletin 2017-6: Updates in Response to CFPB Amendments
Freddie Mac issued a release announcing updates resulting from amendments to the Consumer Financial Protection Bureau’s (CFPB) 2013 mortgage servicing rules.
10 May 2017
‘Clear boarding’ Replacing Plywood in Bid to Curb Foreclosure Blight
National Mortgage News published an article discussing recent moves by Fannie Mae and Freddie Mac to widen the use of clearboarding for securing pre-foreclosure and real estate owned (REO) properties.
9 May 2017
North Carolina Supreme Court Adopts “Substantial Competent Evidence” Requirement for Borrowers Asserting “True Value” Defense in Foreclosure Deficiency Actions
The National Law Review published an article authored by Lance P. Martin of Ward and Smith, P.A. In it, Martin details a recent North Carolina Supreme Court reversal of a 2015 Court of Appeals decision.
9 May 2017
Safeguard Properties Announces Two Management Appointments
Safeguard Properties has appointed Sheilla Lienerth as assistant vice president of client relations and Lisa Nicholas as director of finance and accounting.
9 May 2017
Brooklyn Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases
DNA Info published an article outlining a plan by the Kings County, N.Y. Supreme Court to dismiss all foreclosure cases filed before January 1, 2016 that have seen no court activity after September 30, 2016.
8 May 2017
Underwater Mortgages on Decline
DS News published an article discussing ATTOM Data Solutions’ Q1 2017 U.S. Home Equity & Underwater Report.
8 May 2017
MHA HAMP Update: Updated Reporting Guidance Posted
Making Home Affordable (MHA) issued a release outlining the implementation of an updated MHA Request for Loan Change form.
8 May 2017