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VA Servicer Handbook M26-4 Property Preservation Requirements and Fees Update
On July 1, the VA issued an announcement containing updates to Servicer Handbook M26-4. Specifically, a change has been made to Appendix H: Property Preservation Requirements and Fees. According to the updated appendix, properties that have been determined by the loan servicer to require boarding may now utilize polycarbonate/clearboard for windows, doors and other openings (french doors and sliding doors).
14 Jul 2016
Petrarca Measure to Help Land Banks Rehabilitate Blighted Properties Passes
The office of Pennsylvania State Representative Joseph Petrarca issued a news release announcing the passage of HB 1198, a bill that would exempt land banks from the state realty transfer tax.
13 Jul 2016
Fannie Mae Servicing Guide Announcement SVC-2016-06 Servicing Guide Updates
Fannie Mae released an announcement containing several updates to the Servicing Guide, including post-foreclosure bankruptcy clarification and short sale offer acknowledgement.
13 Jul 2016
FHA INFO #16-44: Mortgagee Letter 2016-10
On July 13, The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-44.
13 Jul 2016
FHLMC Guide Bulletin 2016-13 Servicing Updates
Freddie Mac issued a release announcing simplified processes and the addition of details to a number of topics.
13 Jul 2016
HUD Oral Testimony of Julian Castro
The U.S. Department of Housing and Urban Development (HUD) issued a press release containing the oral testimony of Julian Castro at the U.S. House Committee on Financial Services Hearing on “HUD Accountability” (Distressed Asset Stabilization Program).
13 Jul 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
Community Provides Mixed Input on Greene County Land Bank
The Fairborn Daily Herald published an article outlining a public meeting held to discuss the possibility of establishing a land bank for Green County, OH.
12 Jul 2016
Pitcairn Council Approves Borough Joining Land Bank
Trib Live released an article discussing the decision of Pitcairn, PA to join a multi-municipality land bank.
12 Jul 2016
FHFA Launches Map of Potentially Eligible Borrowers for Principal Reduction Modification
The Federal Housing Finance Agency (FHFA) posted a blog announcing the launch of an interactive map on FHFA.gov.
11 Jul 2016
Freddie Mac: Lessons Learned from the Crisis
DS News published an article discussing a post authored by Freddie Mac Vice President of Single-Family Servicer Performance Management Yvette Gilmore.
11 Jul 2016
Connecticut a Gentler Place to be Evicted
The Hour published an article discussing legislation that provides possession storage for evicted tenants in Connecticut.
8 Jul 2016
Fannie Mae: AMN/HSSN 22.0 Release Notes
Fannie Mae issued release notes describing updates to the Asset Management Network (AMN)/HomeSaver Solutions Network (HSSN), which has been scheduled for the weekend of July 23.
6 Jul 2016
OCC Appoints Deputy Comptroller for Compliance Supervision
DS News published an article discussing the appointment of Beverly F. Cole as the Deputy Comptroller for Compliance Supervision by the Office of the Comptroller of the Currency (OCC).
6 Jul 2016
Land Banking Legislation Introduced in New Jersey
NJ S2373, a bill that aims to permit municipal land banking in conjunction with an online property database, has been introduced in the Senate and referred to the Senate Community and Urban Affairs Committee.
5 Jul 2016
Fannie Mae: Delinquency Counseling Policies Job Aid
Fannie Mae released a job aid outlining delinquency counseling requirements.
5 Jul 2016