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Senators Call Federal Regulators to Action on Zombie Foreclosures
DS News released an article discussing a letter written by U.S. Senators Bob Menendez (D-NJ) and Cory Booker (D-NJ) to federal banking and housing leaders in regards to the ongoing issue of zombie foreclosures.
30 Oct 2015
Fannie Mae Reverse Mortgage Loan Servicing Manual Announcement RVS-2015-03
Fannie Mae released an announcement (revised version) containing updates for its Reverse Mortgage Loan Servicing Manual, specifically changes in policy regarding lender-placed insurance requirements and property management requirements.
30 Oct 2015
Fannie Mae Servicing Guide Announcement SVC-2015-13 Servicing Guide Updates
Fannie Mae released an announcement (revised version) containing a number of Servicing Guide policy changes, including updates to property inspection frequency and lender-placed insurance requirements.
30 Oct 2015
FEMA Declared Disaster Washington
On October 29, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Washington as a result of a severe windstorm that took place on August 29, 2015.
29 Oct 2015
Freddie Mac: New! Keep Track of DRLS Law Firm Reporting with ADR Access
Freddie Mac issued a release announcing access for servicers to utilize its Attorney Data Reporting (ADR) system.
29 Oct 2015
MHA HAMP Reporting Update April 2016 HAMP Reporting Tool Release Preview
Making Home Affordable (MHA) released a HAMP Reporting Update announcing an update to the HAMP Reporting System which will take place on April 1, 2016.
29 Oct 2015
FHLMC Guide Bulletin 2015-19: Updated Requirements for Information Security, Fraud Reporting and More
Freddie Mac issued a release announcing updated requirements for information security programs, business continuity planning and fraud reporting.
28 Oct 2015
Freddie Mac: Doing Better Business Together With Improved Guide Design and Usability
Freddie Mac issued a release outlining the reorganization of its Single-Family Seller/Servicer Guide, which will become the official guide format in March 2016.
28 Oct 2015
MHA HAMP Reporting Update Base NPV Model Documentation v7.0 Available
Making Home Affordable (MHA) released a HAMP Reporting Update announcing the availability of the Base Net Present Value (NPV) Model Documentation for version 7.0.
28 Oct 2015
FHFA Statement of Alfred M. Pollard
The Federal Housing Finance Agency (FHFA) released the statement of Alfred M. Pollard before the Pennsylvania Senate Urban Affairs and Housing Committee and House of Representatives Urban Affairs Committee.
27 Oct 2015
Letter: State Legislation Needed to Expedite Foreclosure
The Buffalo News posted a letter authored by New York Bankers Association President and CEO Michael P. Smith. In it, Smith discusses the length of the foreclosure process for the state of New York and the support of the New York Bankers Association for the passage of legislation which could accelerate it.
26 Oct 2015
HUD Extends Deadline for HECMs in Default
DS News published an article discussing an announcement by the U.S. Department of Housing and Urban Development (HUD) to extend the deadline for the submission of payable requests for home equity conversion mortgages (HECMs) that defaulted on or after April 23, 2015, due to unpaid property charges.
23 Oct 2015
Mortgage Industry Harmed by Increased Regulation, Survey Finds
DS News published an article discussing the results of the Collingwood Group’s October 2015 Mortgage Industry Outlook Report.
22 Oct 2015
Foreclosure Data Has Significantly Improved From Crisis Peak Five Years Ago
DS News published an article discussing HOPE NOW’s data for August 2015.
21 Oct 2015
Fannie Mae Path to Approval Toolkit Updated
Fannie Mae announced that the Path to Approval Toolkit has been updated in connection with Servicing Guide Announcement SVC-2015-08, Servicer Eligibility and Oversight Requirements for prospective seller/servicers.
21 Oct 2015
FEMA Declared Disaster Washington
On October 20, 2015, FEMA issued a Presidential Major Disaster Declaration for areas in Washington as a result of wildfires and mudslides that took place August 9 to September 10, 2015.
20 Oct 2015