Archives For:
What?s Next for REO? A 10-Year Perspective
DS News published an article discussing what the future holds for the real estate owned (REO) market.
3 May 2016
VA Circular 26-16-13 Special Relief Following Louisiana and Texas Severe Storms and Flooding
The U.S. Department of Veterans Affairs (VA) released Circular 26-16-13. The circular expresses concern about VA home loan borrowers affected by severe storms and flooding in the states of Louisiana and Texas.
3 May 2016
MHA Program Update Supplemental Directive 16-03: Making Home Affordable Program ? MHA Program Termination and Borrower Application Sunset II
Making Home Affordable (MHA) issued a Program Update providing additional guidance to servicers regarding the termination of MHA for Non-GSE Mortgages.
2 May 2016
FHFA: Statement on Authorized Enterprise Servicers Reliance on Legal Standards in Homeowner Association Foreclosure Proceedings (release date 4/29/2016)
The Federal Housing Finance Agency (FHFA) issued a statement in regards to Homeowner Association (HOA) foreclosure.
29 Apr 2016
FEMA Declared Disaster Texas
On April 28, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas as a result of severe storms, tornadoes and flooding that took place March 7-29, 2016.
28 Apr 2016
Alan Grayson Introduces the Zombie Property Act
Florida Politics released an article discussing the introduction of H.R. 5108 (“Zombie Property Relief Act of 2016”) by Congressman Alan Grayson (D-FL9). The proposed legislation has been referred to the House Committee on Financial Services.
28 Apr 2016
Freddie Mac: 3 Red Flags + 4 Tips to Fight Affinity Fraud
Freddie Mac issued a release exploring affinity fraud and how to avoid it.
28 Apr 2016
MHA HAMP Reporting Update Updated Data Dictionaries Posted
Making Home Affordable (MHA) issued a HAMP Reporting Update announcing the availability of several updated Data Dictionaries.
28 Apr 2016
USDA: Loss Mitigation Mandatory Waiver, 7 Code of Federal Regulations (CFR) 3555, Sec 3555.301(h)
The U.S. Department of Agriculture (USDA) released a single family housing update mandating the use of a loss mitigation waiver effective August 1, 2016.
28 Apr 2016
Fannie Mae Single Family Servicing News: New Look, Improved Website, Enhanced Materials
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
27 Apr 2016
Processing a Fannie Mae Principal Reduction Modification Job Aid
Fannie Mae released a new job aid in conjunction with Lender Letter LL-2016-02.
27 Apr 2016
NC Senate Bill Targets Squatters Using Foreclosed Homes
The News & Observer published an article discussing NC SB 754 (“Prevent Squatting in Foreclosed Real Property”), which has been introduced into the North Carolina Legislature.
26 Apr 2016
New Law to Help Louisville Deal with Blighted Property
WDRB.com posted an article discussing KY SB 230, a bill aimed at reducing costs for utilizing eminent domain.
21 Apr 2016
CFPB Official Previews Final Mortgage Servicing Rule
National Mortgage News published an article discussing the Consumer Financial Protection Bureau’s (CFPB) second round of mortgage servicing rules, which are expected to be finalized in July.
21 Apr 2016
FEMA Declared Disaster Louisiana
On April 20, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana as a result of severe storms and flooding that took place March 8 to April 8, 2016.
20 Apr 2016
Fannie Mae Single-Family Servicing News: Visit Fannie Mae at MBA Secondary
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
20 Apr 2016