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San Francisco Controller’s Report Discourages Eminent Domain Use
On February 5, Bloomberg published an article discussing San Francisco Controller Ben Rosenfield’s recent report warning of potential negative impacts from the city’s participation in an eminent domain program designed to help homeowners avoid foreclosure.
9 Feb 2015
Freddie Mac New Bulk Appeal Template for Late Foreclosure Sale Reporting Compensatory Fees
On February 9, Freddie Mac issued an announcement titled New Bulk Appeal Template for Late Foreclosure Sale Reporting Compensatory Fees.
9 Feb 2015
MHA HAMP Reporting Update Updated Reporting Form Posted on HMPadmincom
On February 6, Making Home Affordable (MHA) issued a HAMP Reporting Update, subtitled Updated Reporting Form Posted on HMPadmin.com.
9 Feb 2015
Proposed State Legislation Pertaining to Maintenance of Vacant Properties
Recently, several states have introduced proposed pieces of legislation pertaining to maintenance of vacant properties. In the case of Indiana (HB 1411), legislation has been proposed pertaining to tenant occupied properties.
6 Feb 2015
Fannie Mae MBS Call-In Elimination Process Requirements
On January 30, Fannie Mae announced that MBS Call-In Elimination Servicer Process Requirements and Investor Reporting Scenarios are now available.
6 Feb 2015
Fannie Mae Standard Modification Interest Rate Adjustment
On February 6, Fannie Mae issued Servicing Notice: Fannie Mae Standard Modification Interest Rate Adjustment.
6 Feb 2015
FHA Mortgagee Letter 2015-04
On February 4, the Federal Housing Administration (FHA) published Mortgagee Letter 2015-04, subtitled Revised Notification to Homeowners of Availability of Housing Counseling Services.
6 Feb 2015
FEMA Declared Disaster Vermont
On February 3, FEMA issued a Presidential Major Disaster Declaration for areas in Vermont as a result of a severe winter storm December 9-12.
4 Feb 2015
HUD Announces Change to Debenture Interest Rates
On January 30, the U.S. Department of Housing and Urban Development (HUD) announced changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act).
4 Feb 2015
Freddie Mac Updates Fraud Mitigation Best Practices
On February 3, Freddie Mac released an update titled Freddie Mac Updates Fraud Mitigation Best Practices.
3 Feb 2015
HUD Releases Proposed 2016 Budget
On February 2, the U.S. Department of Housing and Urban Development (HUD) issued a press release titled HUD Releases Proposed 2016 Budget.
3 Feb 2015
FHFA Proposes Minimum Financial Eligibility Requirements for Sellers/Servicers
On January 30, the Federal Housing Finance Agency (FHFA) issued a news release titled FHFA Proposes Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers.
2 Feb 2015
Freddie Mac FHFA Proposes Minimum Financial Eligibility Requirements for Sellers/Servicers
On January 30, Freddie Mac released an update titled FHFA Proposes Minimum Financial Eligibility Requirements for Seller/Servicers.
2 Feb 2015
Wayne County Begins Foreclosure Proceedings on 75,000 Homes
On January 29, DS News released an article titled Wayne County, Michigan, Begins Tax Foreclosure Hearings.
30 Jan 2015
Fannie Mae Deficiency Waiver Agreement and Property (Hazard) and Flood Insurance Losses
On January 29, Fannie Mae issued Servicing Notice: Fannie Mae Deficiency Waiver Agreement and Property (Hazard) and Flood Insurance Losses.
30 Jan 2015
Fannie Mae Lender Letter LL-2015-1: Notification of Future Updates to Borrower “Pay for Performance” Incentives for a Fannie Mae HAMP Modification
On January 29, Fannie Mae released Lender Letter LL-2015-1, subtitled Notification of Future Updates to Borrower “Pay for Performance” Incentives for a Fannie Mae HAMP Modification.
30 Jan 2015