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HUD Announces Relief for Victims of Hurricane Sandy
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing a decision to not require repayment of “duplicate” benefits from thousands of New York and New Jersey homeowners affected by Hurricane Sandy.
16 Sep 2015
Nevada Supreme Court Allows Pursuit of Deficiency Judgments Following Out-of-State Non-Judicial Foreclosure Sales
The National Law Review released an article authored by Mona L. Burton (Partner), Kirk S. Cheney (Associate) and Clarissa M. Collier (Associate) of Holland & Hart LLP. In it, a recent ruling from the Supreme Court (Branch Bank and Trust Company v. Windhaven & Tollway, LLC) regarding deficiency judgements is discussed.
15 Sep 2015
Notice Requirements for Protection of Tenants in Foreclosure Actions
Attorney James T. Martin of Poyner Spruill LLP authored an article discussing the passage of North Carolina Session Law 2015-178 HB 174, titled “Notice Requirements for Protection of Tenants in Foreclosure Actions”.
15 Sep 2015
FHFA Issues Update on the Common Securitization Platform
The Federal Housing Finance Agency (FHFA) released An Update on the Common Securitization Platfrom. The update details progress made in the development of a new infrastructure for the securitization of single-family mortgages by Fannie Mae and Freddie Mac.
15 Sep 2015
Freddie Mac: Check Out New Helpful Tips on Our Investor Reporting Web Page
Freddie Mac issued a release announcing updates made to its Investor Reporting Web page.
15 Sep 2015
HUD Mortgagee Letter 2015-20: Revision of Notice to Occupants of Pending Acquisition (NOPA)
The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2015-20. The letter provides a revised Sample Notice to Occupants of Pending Acquisition (NOPA) and to eliminate references to occupancy rights under the expired Protecting Tenants at Foreclosure Act (PTFA).
15 Sep 2015
MHA HAMP Reporting Update August 2015 UP Survey Now Available
Making Home Affordable (MHA) released a HAMP Reporting Update announcing the availability of the August 2015 UP Survey.
15 Sep 2015
Vacant Properties Part of City Blight Equation
St. Joseph News-Press released an article discussing the introduction of a bill by state Rep. Delus Johnson (R-MO) that would establish a land bank in St. Joseph, Missouri to fight blight.
12 Sep 2015
Head in the Clouds
The September issue of MReport featured an article by Safeguard Properties Assistant Vice President of Infrastructure Services Scott Anderson discussing the importance of cloud computing in the field services industry.
10 Sep 2015
Fannie Mae Standard Modification Interest Rate Adjustment
Fannie Mae issued a release providing notification of the new Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications.
9 Sep 2015
Fannie Mae SVC-2015-12 Servicing Guide Updates
Fannie Mae released an announcement outlining several updates to its Servicing Guide, including adjustments to Standard and Streamlined Modifications and updates to the Application of Borrower HAMP Incentives.
9 Sep 2015
FHLMC Guide Bulletin 2015-15 Increasing Modification Eligibility and More
Freddie Mac issued a release announcing updates to borrower eligibility for modifications and requirements related to Freddie Mac Default Legal Matters.
9 Sep 2015
Fannie Mae: SMDU: A Helping Hand for Borrowers and Servicers
The Housing Industry Forum released an article discussing the benefits of the Servicing Management Default Underwriter (SMDU).
8 Sep 2015
GAO-15-631: Lender Placed Insurance: More Robust Data Could Improve Oversight
The U.S. Government Accountability Office (GAO) released GAO-15-631, a report discussing lender placed insurance (LPI) and the extent to which it is used.
8 Sep 2015
MHA HAMP Reporting Update Q3 2015 Base NPV Documentation Supplement Available
Making Home Affordable (MHA) released a HAMP Reporting Update announcing the availability of the Q3 2015 Base NPV Documentation Supplement for the Home Affordable Modification Program (HAMP).
8 Sep 2015
FEMA Declared Disaster Louisiana
On September 4, 2015, FEMA issued a Presidential Major Disaster Declaration for areas in Louisiana as a result of severe storms and flooding May 18 to June 20, 2015.
4 Sep 2015