Archives For: Investor and Regulatory Updates
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
Freddie Mac: Important Seller/Servicer Information on Potential Impacts of COVID-19
Freddie Mac issued a release reminding sellers/servicers of certain requirements amid recent reports of the possible spread of Coronavirus COVID-19.
10 Mar 2020
HUD: FHA INFO #20-18: Loss Mitigation Home Retention Options for Assisting Borrowers
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-18.
9 Mar 2020
Federal Reserve: COVID-19 Joint Press Release
The Federal Reserve issued a joint press release with federal institution regulators encouraging financial institutions to meet needs of customers affected by coronavirus.
9 Mar 2020
OCC: Pandemic Planning: Updated FFIEC Guidance
The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services.
6 Mar 2020
MHA: HAMP Update: Revised Official Monthly Reporting – OMR Job Aid Posted
Making Home Affordable (MHA) announced the availability of an updated version of its Official Monthly Reporting (OMR) Job Aid on HMPadmin.com.
5 Mar 2020
Fannie Mae: Reminder of Servicing Policy to Assist Borrowers Impacted by Coronavirus
Fannie Mae issued a reminder to servicers that forbearance is an option (in accordance with existing policies) to assist borrowers impacted by a temporary hardship.
5 Mar 2020