Archives For: Investor and Regulatory Updates
Freddie Mac: FHLMC Guide Bulletin 2019-6
Freddie Mac issued a release announcing updates to requirements for REO properties, changes to the Servicer Success Scorecard and a new servicer recognition program.
13 Mar 2019
Freddie Mac: UMBS to be Issued Based on Revised TBA Guidelines
Freddie Mac issued a release announcing that they are set to issue the first Freddie Mac 55-day payment delay, TBA-eligible Uniform Mortgage-Backed Security™ (UMBS™) on June 3, 2019.
11 Mar 2019
USDA: Help Resources
The U.S. Department of Agriculture (USDA) issued a release encouraging servicers and lenders to utilize its LINC Training and Resource Library. the resource includes web-based training, frequently asked questions (FAQs) and user guides for USDA information technology systems.
8 Mar 2019
VA: Circular 26-19-07: Special Relief Following Alabama Severe Storms, Straight-line Winds and Tornadoes
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about the VA home loan borrowers affected by sever storms, straight-line winds and tornadoes in the state of Alabama, and describes measures mortgagees may employ to provide relief.
8 Mar 2019
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
7 Mar 2019
HUD: Disaster Assistance for Alabama Tornado Victims
The U.S. Department of Housing and Urban Development (HUD) announced that it will provide mortgage relief and other support to homeowners and low-income renters forced from their homes in Lee County, Ala.
6 Mar 2019
Freddie Mac: Industry Letter Announces Updated Requirements Related to Single Security
Freddie Mac announced the publishing of an Industry Letter as a follow up to the final rule the Federal Housing Finance Agency (FHFA) adopted on February 28, 2019, supporting the Single Security Initiative.
5 Mar 2019
Fannie Mae: Lender Letter LL-2019-03: Interest Rate Spread for Fixed-Rate MBS and Servicing Fee Requirements for Fixed-Rate Loans
Fannie Mae issued a release providing guidance on changes to the allowable interest rate spread in fixed-rate MBS and Uniform Mortgage-Backed Securities (UMBS™) and the maximum servicing fee permitted for fixed-rate loans.
5 Mar 2019
Freddie Mac: We’re Re-Imagining Servicing with a New Rewards Program, and More
Freddie Mac announced the launch of an initiative that aims to transform the servicing landscape through greater technology speed and efficiency, simplified processes and more.
4 Mar 2019
Fannie Mae: AAA Matrix Updates
Fannie Mae announced that the Upset Bid standard excess fee ($75) was added to the North Carolina AAA matrix for services rendered on or after February 20. Also, the Property Preservation Protective Order standard excess fee ($700) was added to the Puerto Rico AAA matrix.
20 Feb 2019