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Fast-Tracking Legislation for Vacant and Abandoned Properties Introduced in Maryland
On February 12, MD HB 1377 (“Real Property – Vacant and Abandoned Property – Expedited Foreclosure”) was introduced and had its first reading in the Environment and Transportation Committee. On March 14, the bill was referred to interim study by the Environment and Transportation Committee.
17 Mar 2016
Where Does the Money Go? Maybe We Should Ask the Michigan Legislature. . .
DS News published an article discussing the distribution of foreclosure by advertisement proceeds in Michigan.
17 Mar 2016
FHA INFO #16-15: Updated Single Family Housing Policy Handbook 4000.1 Offers End-to-End Title II Forward Mortgage Policy Source
The U.S. Department of Housing and Urban Development (HUD) released a corrected Maximum LTV Factor at Step 3.F contained in revised sample documents for the Standard 203(k) Purchase Program and Limited 203(k) Purchase Program in FHA INFO #16-17. These revised worksheets replace documents previously released in FHA INFO #16-15.
17 Mar 2016
MHA HAMP Reporting Update New LPI Date Correction Reporting Guidance Document and Updated MHA Incentive Inquiry Form and Process
Making Home Affordable (MHA) issued a HAMP Reporting Update announcing the availability of the LPI Date Correction Reporting Guidance on HMPadmin.com.
17 Mar 2016
FEMA Declared Disaster Delaware
On March 16, 2016, FEMA issued a Presidential Major Disaster Declaration for areas in Delaware as a result of a severe winter storm and flooding that took place January 22-23, 2016.
16 Mar 2016
Fannie Mae: Foreclosure Time Frames and Compensatory Fee Allowable Delays Exhibit
Fannie Mae has updated the Foreclosure Time Frames and Compensatory Fee Allowable Delays Exhibit to reflect that the District of Columbia is a judicial foreclosure jurisdiction.
16 Mar 2016
FEMA Declared Disaster Texas
On March 16, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas as a result of severe winter storms, tornadoes, straight-line winds and flooding that took place December 26, 2015 to January 21, 2016.
15 Mar 2016
MHA HAMP Reporting Update February 2016 UP Survey Now Available
Making Home Affordable (MHA) issued a HAMP Reporting Update announcing the availability of the February 2016 UP Survey.
15 Mar 2016
FEMA Declared Disaster New Jersey
On March 14, 2016, FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey as a result of a severe winter storm and snowstorm that took place January 22-24, 2016.
14 Mar 2016
Fannie Mae: Updated Hawaii AAA Matrix
Fannie Mae has posted an updated version of the Hawaii AAA Matrix on the Excess Attorney Fee Guidelines page.
14 Mar 2016
VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) released a VALERI Servicer Newsflash containing information on new bulk upload templates and upcoming development updates.
14 Mar 2016
HUD Measures Progress Toward Helping Struggling Homeowners
DS News published an article discussing findings from the Department of Housing and Urban Development’s (HUD) February 2016 Scorecard.
11 Mar 2016
The CFPB’s Enforcement Approach is Smothering Innovation in the Mortgage Industry
HousingWire released an article discussing remarks by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray at a meeting of the Consumers Bankers Association.
11 Mar 2016
The Fight to Eliminate Blight Continues
DS News released an article discussing recent action taken by the Ohio State Senate to help eliminate the spread of blight.
10 Mar 2016
Fannie Mae Single-Family Servicing News: Announcement SVC-2016-02: Servicing Guide Updates
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
9 Mar 2016
FHA INFO #16-13 Electronic Appraisal Delivery (EAD) Portal March 14, 2016 System Enhancements Reminder
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-13.
9 Mar 2016