Archives For: Industry Updates
HUD: FHA INFO #18-43: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests
Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2018-08: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests. Read today’s Press Release. This ML provides consolidated and updated guidance regarding the submission of HECM assignment requests to the Department of Housing and Urban Development (HUD). It outlines the documentation and procedures […]
22 Oct 2018
Loan Coverage Advisor® has been updated to include the Disaster-Related Forbearance Policy for selling reps and warranties. Now you can track reporting events and Alternative Payment Plan (APP) information for disaster-impacted loans after August 25, 2017 that meet the policy requirements defined in Single-Family Seller/Servicer Guide (Guide) Chapter 1301.11, for greater insight into your rep and warranty […]
22 Oct 2018
In an effort to simplify accessibility of reporting documents on the Making Home Affordable Program Website (HMPadmin.com), the secure login access for participating servicers will be retired in January 2019. In preparation for this change, the following guides/forms have been moved to the Programs tab on the main page of the site under Loan Reporting […]
19 Oct 2018
DS News published an article outlining research conducted by the JPMorgan Chase Institute.
18 Oct 2018
Source: New Hampshire Business Review Swanzey rep mulls legislation targeting lender’s responsibility post-foreclosure If you foreclose on a property, then you’re responsible for taking care of it. That’s the idea behind a bill that Rep. James McConnell, R-North Swanzey, would like to introduce next session, aimed are called “zombie foreclosures.” “The financial institution doesn’t care. Neither […]
10 Oct 2018
Source: WEWS ABC 5 A Cleveland initiative aimed at demolishing vacant homes that children walk by on their way to school has led to the tear-down of hundreds of properties near public schools. But a News 5 On Your Side investigation found the safety of children who walk to private schools is still at risk. The […]
4 Oct 2018
FHA INFO #18-42: FHA Disaster-Related Policy Waiver Issued in the Presidentially-Declared Major Disaster Area of Lake and Shasta Counties Due to the California Wildfires and High Winds Declaration
Source: HUD Today, the Federal Housing Administration (FHA) issued a waiver of its policy on the timeframe for completing the inspection of properties prior to closing or submitting the mortgage for FHA insurance endorsement in the August 4, 2018, Presidentially-Declared Major Disaster Area (PDMDA) due to the California Wildfires and High Winds declaration (DR-4382) in Lake and Shasta […]
2 Oct 2018
Plan Philly published an article discussing a recent Pennsylvania Supreme Court ruling that reaffirms the City of Philadelphia’s ability to force property owners to maintain the appearances of their vacant buildings.
25 Sep 2018
The office of U.S. Representative Tim Ryan issued a press release announcing the introduction of H.R. 6792 (Clean Up Our Neighborhoods Act of 2018). The bill aims to authorize the secretary of housing and urban development to make grants to states to eliminate blight by taking down abandoned homes, clearing vacant lots, and assist in distressed neighborhood revitalization.
18 Sep 2018
Syracuse.com published an article discussing the passage of NY A00416A, which authorizes the City of Syracuse to add unpaid housing code violation penalties, costs and fines to the city’s annual tax levy.
21 Jul 2018