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Foreclosure Mortgage Fraud Bill Introduced in Illinois
IL HB 6619 had its first reading and was referred to the Rules Committee on November 2, 2016.
2 Nov 2016
Fannie Mae: Principal Reduction Modifications and Servicer Forums on Fannie Mae Changes to Investor Reporting
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
2 Nov 2016
HUD Mortgagee Letter 2016-17: National Servicing Center Address Change for the Tulsa, Oklahoma Office
The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2016-217. The letter notifies mortgagees of an address change for FHA’s National Servicing Center (NSC) Branch, located in Tulsa, Oklahoma.
2 Nov 2016
Freddie Mac Confirms Disaster Relief Available to Eligible Borrowers Impacted by Hurricane Matthew
Freddie Mac issued a press release confirming that its full menu of disaster relief policies is available to homeowners whose homes were damaged or destroyed by Hurricane Matthew.
1 Nov 2016
FEMA Declared Disaster Iowa
On October 31, 2016, FEMA issued a Presidential Major Disaster Declaration for areas in Iowa as a result of severe storms and flooding that took place September 21 to October 3, 2016.
31 Oct 2016
GAO-16-801: Home Mortgage Guarantees: Issues to Consider in Evaluating Opportunities to Consolidate Two Overlapping Single-Family Programs
The U.S. Government Accountability Office (GAO) released GAO-16-801, a report discussing findings from a comparison of the Rural Housing Service (RHS) and the Federal Housing Administration (FHA).
31 Oct 2016
FEMA Declared Disaster Georgia
On October 27, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Georgia affected by Hurricane Matthew between October 4-15, 2016.
27 Oct 2016
Boomerang Buyers Dust Themselves Off to Re-enter Market
DS News published an article discussing the 2.5 million consumers who are set to potentially re-enter the mortgage market in 2017.
27 Oct 2016
Ninth Circuit Holds That Enforcing a Security Interest is Not Necessarily Debt Collection
The National Law Review published an article authored by Mark G. Rackers and Shannon Z. Petersen of Sheppard Mullin Richter & Hampton LLP. The article discusses the United States Court of Appeals for the Ninth Circuit’s affirmation that activities incident to the non-judicial foreclosure of a deed of trust under California state law is not “debt collection” within the scope of the Fair Debt Collection Practices Act.
27 Oct 2016
Treasury: Here?s What Housing Reform Should Look Like
DS News published an article discussing a recent commentary by U.S. Department of the Treasury Counselor Antonio Weiss and Assistant Secretary for Economic Policy Karen Dynan.
27 Oct 2016
Fighting Fire in Louisville, the Hackathon Way
CNET released a report discussing a Louisville, KY pilot program that aims to fight and prevent vacant property fires.
26 Oct 2016
Fannie Mae: New Know Your Options Customer CARE Webinars
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
26 Oct 2016
Fannie Mae: Prepare for Future Changes to Investor Reporting by Attending a Live Forum
Fannie Mae has announced that it will host monthly forums in order to help servicers prepare for changing investor reporting requirements.
26 Oct 2016
FHA INFO #16-67: New Webinar Training on Updates to Loss Mitigation Retention Options and Miscellaneous Mortgage Servicing Policy
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-67.
26 Oct 2016
Industry Experts Reveal Details of HAMP Replacement Program
HousingWire published an article discussing the One Mod: Principles for Post-HAMP Loan Modification program.
26 Oct 2016
How Long it Takes to Complete a Foreclosure in N.J. by County
NJ.com released an article exploring foreclosure time frames in the state of New Jersey.
25 Oct 2016