Archives For: Investor and Regulatory Updates
FHFA: Foreclosure Prevention Report – Fourth Quarter 2019
The Federal Housing Finance Agency (FHFA) published its fourth quarter 2019 Foreclosure Prevention, Refinance and FPM Report.
24 Mar 2020
Fannie Mae: AAA Matrix Update – March 2020
Fannie Mae announced that all AAA matrices have been updated effective March 18, 2020. The announcement reflects a detailed list of updates made by jurisdiction.
18 Mar 2020
OCC: Coronavirus COVID-19 Information Page Released
The Office of the Comptroller of the Currency (OCC) announced the availability of a web page containing actions and guidance relating to the Coronavirus COVID-19 outbreak. Included is the office’s latest bulletin (2020-15), which encourages banks to take steps to meet the financial services needs of customers adversely affected by virus-related issues.
16 Mar 2020
HUD: FHA INFO #20-20: Continuation of FHA Single Family Business Operations Related to COVID-19
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-20. Included is guidance relating to FHA single family business operations as well as a temporary partial waiver of servicing requirements regarding face-to-face borrower contact amid the Coronavirus COVID-19 outbreak.
13 Mar 2020
Freddie Mac: Information on COVID-19 BCP Preparedness
Freddie Mac issued a release outlining its business continuity plans (BCP) as the coronavirus outbreak impacts the U.S.
12 Mar 2020
OCC: Interagency Statement Regarding Financial Institutions Affected by Tornadoes in Tennessee
The Office of the Comptroller of the Currency (OCC) issued a joint statement from several federal and state financial regulatory agencies encouraging institutions operating in areas of Tennessee recently impacted by tornadoes to meet the financial needs of their communities.
12 Mar 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing several updates relevant to servicers. Included is Circular 26-20-05, which outlines measures mortgagees may employ to assist borrowers affected by recent tornado activity in Tennessee.
12 Mar 2020
MHA HAMP Update: Important Update to HAMP Reporting Tool Login Process
Making Home Affordable (MHA) announced the implementation of multi-factor authentication that will require users to complete a one-time successful answer of their stored “Challenge Question” before accessing the HAMP Reporting Tool. The requirement will become effective on March 29, 2020.
11 Mar 2020
FHFA: Evaluation Criteria Strengthened for Duty to Serve Program
The Federal Housing Finance Agency (FHFA) announced that it is strengthening the evaluation criteria of the Duty to Serve Underserved Markets program through the Evaluation Guidance for Fannie Mae and Freddie Mac.
11 Mar 2020
FHFA: Statement from Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued a statement from Director Mark Calabria reminding servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage payments due to impacts from the coronavirus.
10 Mar 2020