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FHFA AB 2015-07 Fraud Risk Management
The Federal Housing Finance Agency (FHFA) released an Advisory Bulletin which communicates to Fannie Mae and Freddie Mac the FHFA’s supervisory expectations for fraud risk management, including the establishment and maintenance of internal controls to prevent, deter and detect fraud or possible fraud.
29 Sep 2015
GAO-15-783: FEMA Needs to Cohesively Manage Its Workforce and Fully Address Post-Katrina Reforms
The U.S. Government Accountability Office (GAO) released GAO-15-783, a report detailing the need for the Federal Emergency Management Agency (FEMA) to prioritize its workload and manage its workforce when a disaster hits.
29 Sep 2015
FHFA: Foreclosure Prevention Actions Top 3.5 Million Through Second Quarter 2015
The Federal Housing Finance Agency (FHFA) issued a news release discussing findings from its second quarter Foreclosure Prevention Report.
28 Sep 2015
HUD Mortgagee Letter 2015-21: Automatic Extensions to HUD’s Initiation of Foreclosure Timeline
The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2015-21. The letter provides guidance relating to HUD’s regulatory requirement for mortgagees to utlize a Loss Mitigation Option or initiate foreclosure within six months of the date of default.
28 Sep 2015
Fannie Mae Updated Florida AAA Matrix
Fannie Mae has added an updated version of the Florida AAA Matrix which is now available on its Excess Attorney Fee Guidelines page.
25 Sep 2015
FEMA Declared Disaster California
On September 24, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in California as a result of the Valley/Butte Fires beginning on September 9, 2015 and continuing.
24 Sep 2015
Fannie Mae Utilizes Technology to Achieve Housing Goals
DS News published an article discussing various Fannie Mae technology tools that are available for servicers to aid at-risk borrowers in foreclosure prevention. These tools can be found on Fannie Mae’s new Technology Solutions webpage.
24 Sep 2015
NeighborWorks Report Illustrates the Ongoing Success of National Foreclosure Mitigation Counseling Program
The National Council of State Housing Agencies (NCSHA) released an article discussing NeighborWorks America’s eleventh Congressional Report on the National Foreclosure Mitigation Counseling (NFMC) Program.
24 Sep 2015
MCM UpDate Issue #18
Michaelson, Connor and Boul (MCB), the Mortgagee Compliance Manager for the U.S. Department of Housing and Urban Development (HUD) have published MCM UpDate Issue #18.
22 Sep 2015
FEMA Declared Disaster West Virginia
On September 17, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in West Virginia as a result of severe storms, tornadoes, straight-line winds, flooding, landslides and mudslides that took place July 10-14, 2015.
17 Sep 2015
Freddie Mac Single-Family Update: Available Training on The Learning Center
Freddie Mac released a Single-Family Update announcing upcoming servicing training events offered by The Learning Center.
17 Sep 2015
MHA HAMP Reporting Update HAMP NPV Transaction Portal Outage
Making Home Affordable (MHA) released a HAMP Reporting Update announcing a HAMP NPV Transaction Portal outage scheduled September 25-28.
17 Sep 2015
More Consistency and Better Alignment Are Needed in Property Management
DS News published an article featuring comments by Safeguard Properties Assistant Vice President of Investor Relations Kellie Chambers, who participated as a panel member during the Property Management Lab at the 2015 Five Star Default Servicing Conference and Expo that took place in Dallas, Texas.
17 Sep 2015
FEMA Declared Disaster of Commonwealth of Kentucky
On September 16, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in the Commonwealth of Kentucky as a result of severe storms, tornadoes, straight-line winds, flooding, landslides and mudslides that took place July 11-20, 2015.
16 Sep 2015
Assemblyman Introduces Foreclosure Relief
LI HERALD.COM released an article discussing the introduction of legislation by New York State Assemblyman Brian Curran (Lynbrook-21st A.D.) that would provide eligible New York State homeowners affected by Hurricane Sandy with more time to receive entitled funds during foreclosure proceedings.
16 Sep 2015
Fannie Mae LL-2015-04 Nevada HOA Litigation
Fannie released Lender Letter LL-2015-04. The letter reminds servicers of their obligation to escalate non-routine litigation to Fannie Mae.
16 Sep 2015