Archives For: Industry Updates
Freddie Mac: FHLMC Guide Bulletin 2020-46: Servicing Updates
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, updates to requirements for borrower-requested cancellation of borrower-paid mortgage insurance, Decision Insights for short sale exceptions, updates to Automated Clearing House authorization forms and more.
9 Dec 2020
Report: Biden Picks Marcia Fudge to Lead HUD
According to news outlets, President-Elect Joe Biden has reportedly selected Ohio congresswoman Marcia Fudge to serve as secretary for the U.S. Department of Housing and Urban Development (HUD). DS News offers a summary of media coverage.
8 Dec 2020
Freddie Mac: UCount is Here
Freddie Mac announced the launch of its Unified Counterparty Experience System® (UCount), a user-friendly platform allowing the submission of information formerly provided through Guide Forms 16SF (Annual Eligibility Certification Report), 1107SF (Seller/Servicer Change Notification Form) and the Annual Eligibility Website.
7 Dec 2020
CFPB: Advisory Opinions Policy Finalized
The Consumer Financial Protection Bureau (CFPB) issued its final Advisory Opinions Policy to publicly address regulatory uncertainty in its existing regulations and provide guidance to entities on outstanding regulatory uncertainty.
30 Nov 2020
CFPB: Executive Team Additions Announced
The CFPB announced several leadership position additions, including a new chief operating officer and chief information officer.
30 Nov 2020
FHA’s Response to a National Health Crisis
DS News published an article outlining the NPPC 2020 keynote address of HUD Senior Advisor to the Assistant Secretary for Housing and Federal Housing Commissioner Dror Oppenheimer.
10 Nov 2020
Freddie Mac: FHLMC Guide Bulletin 2020-33: Servicing and Selling Updates
Freddie Mac updated the effective date for the deployment of the new Unified Counterparty Experience System® from November 8, 2020 to December 7, 2020.
2 Nov 2020
Freddie Mac: FHLMC Guide Bulletin 2020-39: Servicing Updates
Freddie Mac announced updates to electronic payment deferral agreements, transfers of ownership, escrow requirements, eligible disaster requirements and more.
14 Oct 2020
California Law to Prevent Bulk Foreclosed Property Sales
California Governor signed SB 1079 (Residential property: foreclosure) into law. Taking effect on January 1, 2021, the law will prohibit bulk sales of foreclosed properties (one to four units).
28 Sep 2020
White House Says CDC Will Halt Evictions Using Quarantine Rules
Bloomberg published an article discussing a Centers for Disease Control and Prevention (CDC) announcement to temporarily suspend evictions of certain consumers to prevent the spread of COVID-19.
1 Sep 2020