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FHLMC Guide Bulletin 2016-21: Servicing Updates
Freddie Mac issued an update announcing important servicing requirement changes.
30 Nov 2016
Freddie Mac: Your 2017 Scorecard Preview Period Begins Today
Freddie Mac issued an update marking the start of the 2017 Servicer Success Scorecard preview period.
30 Nov 2016
The Shift in Pre-Foreclosure Property Management
DS News published an article discussing a recent action by Fannie Mae allowing all vacant Fannie Mae-owned properties to use an alternative to plywood for securization. The article features comments from Safeguard Properties Founder and Chairman Robert Klein and CEO Alan Jaffa.
30 Nov 2016
FEMA Declared Disaster Minnesota
On November 29, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Minnesota as a result of severe storms and flooding that took place September 21-24, 2016.
29 Nov 2016
NYCUA’s Mellin Comments on Zombie Property Law Regulations
New York Credit Union Association (NYCUA) President/CEO William J. Mellin submitted a comment letter to the state Department of Financial Services regarding their proposed regulations aimed at addressing zombie properties.
29 Nov 2016
The New Foreclosure Statutes: A Review of the Perils
The New York Law Journal featured an article by Bruce J. Bergman of Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. The article discusses the new omnibus foreclosure law that will become effective in the state of New York on December 20, 2016.
29 Nov 2016
VA Circular 26-16-37 Requirements for Notification Evaluation and Reduction
The U.S. Department of Veterans Affairs (VA) released Circular 26-16-37. The circular updates VA guidance on the implementation of Department of Housing and Urban Development (HUD) and Environmental Protection Agency (EPA) guidelines governing the notification, evaluation and reduction of lead-based paint (LBP) and/or lead-based paint hazards in federally-owned residential housing managed by a private sector service provider.
29 Nov 2016
FHA INFO #16-72: Process Efficiencies for Mortgagees When Using Professional Employer Organizations
On November 28, the U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-72.
28 Nov 2016
Fannie Mae: Principal Reduction Modification Retirement and Eviction Lockout Moratorium Announced
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
23 Nov 2016
Several Illinois Foreclosure Provisions Sunset . . . But Will They Rise Again?
DS News published an article authored by Diana A. Carpintero and Blake A. Strautins of Kluever & Platt, LLC. The article discusses the potentially uncertain future for several borrower-friendly Illinois Mortgage Foreclosure Law (IMFL) amendments.
22 Nov 2016
VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) released an announcement containing information on the Real-Estate Owned and Portfolio Servicing Contract (RPSC) on FedBiz Opps.
22 Nov 2016
FEMA Declared Disaster Kansas
On November 21, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kansas as a result of severe storms and flooding that took place September 2-12, 2016.
21 Nov 2016
Ohio Legislature Contemplating Streamlining Foreclosures of Vacant and Abandoned Properties
National Mortgage News posted an article originally appearing in the The Blade (Toledo, OH) that discusses the state of Ohio’s new fast-track foreclosure law. The law officially took effect on September 28, 2016.
21 Nov 2016
City Commissioners Ready to Move Forward on Land Bank Without County
GoldenIsles.news published an article discussing a decision made by the City of Brunswick, GA in regard to the creation of land bank.
19 Nov 2016
FCC Denies Mortgage Servicers’ Bid for Robo-Calling Waiver
National Mortgage News published an article discussing a recent Mortgage Bankers Association (MBA) request for exemption from part of the Telephone Consumer Protection Act.
18 Nov 2016
FHFA: HARP Refinances Continue Decline in Third Quarter
The Federal Housing Finance Agency (FHFA) issued a news release highlighting data from its third quarter 2016 Refinance Report.
17 Nov 2016