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FDIC Director Submits Resignation
On May 8, the Federal Deposit Insurance Corporation (FDIC) issued a press release announcing the resignation of Director Jeremiah O. Norton, which will be effective June 5, 2015.
12 May 2015
Fannie Mae Standard Modification Interest Rate Adjustment
On May 7, Fannie Mae issued Servicing Notice: Fannie Mae Standard Modification Interest Rate Adjustment.
11 May 2015
FHFA Prepared Remarks of Melvin Watt
On May 8, the Federal Housing Finance Agency (FHFA) released the prepared remarks of Melvin L. Watt at the Greenlining Institute 22nd Annual Economic Summit.
11 May 2015
Freddie Mac: HARP Extended Another Year
On May 8, Freddie Mac issued a release announcing the direction of the Federal Housing Finance Agency (FHFA) to extend the implementation of the Home Affordable Refinance Program (HARP) through December 31, 2016.
11 May 2015
MHA HAMP Reporting Update April 2015 UP Survey Reminder
On May 8, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled April 2015 UP Survey Reminder.
11 May 2015
FEMA Declared Disaster Tennessee
On May 8, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Tennessee as a result of a severe winter storm and flooding February 15-22.
8 May 2015
HUD: Foreclosure Crisis Response with the Neighborhood Stabilization Program
A recent article published by the U.S. Department of Housing and Urban Development’s (HUD) online magazine, Edge, discussed a report released by HUD’s Office of Policy Development and Research (PD&R) concerning the Neighborhood Stabilization Program (NSP).
6 May 2015
Senator Seeks to Permanently Extend Foreclosure Protection for Servicemembers
On May 5, DS News released an article discussing U.S. Senator Sheldon Whitehouse’s (D-Rhode Island) announcement of a bill that aims to permanently extend benefits provided by the Foreclosure Relief and Extension for Servicemembers Act.
6 May 2015
MHA Program Update: SD 15-03 Verification of Dodd-Frank Certification
On May 6, Making Home Affordable (MHA) released an update titled Supplemental Directive (SD) 15-03: Verification of Dodd-Frank Certification.
6 May 2015
Jacksonville City Council Considers Land Bank to Redevelop Thousands of Idle Properties
On May 2, The Florida Times-Union released an article titled Land bank being eyed to move derelict Jacksonville properties to new uses.
5 May 2015
FEMA Declared Disaster Maine
On May 5, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Maine as a result of a severe winter storm, snowstorm and flooding January 26-28.
5 May 2015
FHA: HECM Reasonable Diligence Timeframe Extensions
On April 30, the Federal Housing Administration (FHA) issued a memo announcing the immediate rescinding of Mortgage Letter 2015-03 (option of delayed foreclosure proceedings for non-borrowing spouses.)
5 May 2015
FHA Extends Effective Date of Single Family Housing Policy Handbook
On April 30, the Federal Housing Administration (FHA) released a statement from Deputy Assistant Secretary for Single Family Housing Kathleen Zadareky announcing the extension of the effective date of the Single Family Housing Policy Handbook to September 14, 2015.
1 May 2015
FHA Publishes Responses to Comments on Rule Delaying Foreclosure on Non-Borrowing Spouses
On April 30, DS News published an article discussing the Federal Housing Administration’s (FHA) response in the Federal Register to comments pertaining to the Mortgagee Optional Election Assignment for certain Home Equity Conversion Mortgages (HECMs).
1 May 2015
Freddie Mac: Stay Vigilant About Fraud as the Housing Market Springs Forward
On April 30, Freddie Mac issued a release encouraging sellers and servicers to continue watching out for fraud within the mortgage industry.
1 May 2015
MHA HAMP Reporting Update September 2015 HAMP Reporting Tool Release Preview
On April 30, Making Home Affordable (MHA) released a HAMP Reporting Update, subtitled September 2015 HAMP Reporting Tool Release Preview.
1 May 2015