Archives For: Investor and Regulatory Updates
VA: VALERI Servicer Newsflash
IMPORTANT INFORMATION Circular 26-18-23, Special Relief Following Hurricane Michael, was issued on October 15, 2018, and is located on the VALERI internet at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Reporting on Loans Impacted by Natural Disaster – Servicers should not report an Electronic Default Notification (EDN) event on current loans that are impacted by a natural disaster. The EDN event should only be […]
25 Oct 2018
Fannie Mae: Loan Servicing Data Utility (LSDU) is Live
Source: Fannie Mae (LSDU page) Introducing LSDU, a self-service tool offering servicers solutions for simplifying investor reporting and data exceptions. With near-real time data and improved accuracy, LSDU will save servicers time and transform business workflows. Get registered and learn more at LSDU for additional resources.
25 Oct 2018
Fannie Mae: New Servicing APIs; SMDU Enhancements; and More
Check out the redesigned Developer Portal and new servicing APIs The redesigned Fannie Mae Developer Portal provides quick and easy access to our suite of API products, including this month’s new APIs: Loan-Level Draft Notifications, which returns draft notifications data for servicers from five existing Fannie Mae Connect™ reports, and Technology Services Invoices, which automates […]
24 Oct 2018
Fannie Mae: Expanding Support for Disaster-Affected Homeowners
Updated Servicer Self-Assessment can help you improve processes We’ve updated the Servicer Self-Assessment to help you effectively manage the Fannie Mae loans you service and ensure that you meet our requirements. Two new sections, “Master Servicer Oversight” and “Shared Processes,” will provide additional guidance. Visit the STAR Program pageto find more resources, and contact your Fannie Mae account […]
18 Oct 2018
FHFA Refinance Report – August 2018
Source: FHFA August 2018 Highlights Total refinance volume increased in August 2018 as mortgage rates in July fell, continuing a trend also observed in June. Mortgage rates increased in August: the average interest rate on a 30-year fixed rate mortgage rose to 4.55 percent from 4.53 percent in July. In August 2018: Borrowers completed 651 refinances […]
16 Oct 2018
VA: Circular 26-18-23: Special Relief Following Hurricane Michael
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Michael, and describes measures mortgagees may employ to provide relief.
15 Oct 2018
HUD: Disaster Assistance for Florida Storm Victims
Source: HUD Foreclosure protection offered to displaced families WASHINGTON – U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Michael. Yesterday, President Trump issued a major disaster declaration for Bay, Franklin, Gulf, Taylor, and […]
12 Oct 2018
FHFA: Foreclosure Prevention Report – July 2018
Source: FHFA July 2018 Highlights The Enterprises’ Foreclosure Prevention Actions: The Enterprises completed 24,030 foreclosure prevention actions in July, bringing the total to 4,203,611 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. There were 18,874 permanent loan modifications in July, bringing the total to 2,257,644 […]
11 Oct 2018
Freddie Mac: Disaster Relief Policies Confirmed as Hurricane Michael Approaches
Source: Freddie Mac MCLEAN, Va., Oct. 10, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded Servicers of its disaster relief policies for borrowers who have been affected by Hurricane Michael. Freddie Mac’s disaster relief options are available to borrowers whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual assistance […]
10 Oct 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Michael
Fannie Mae issued a news release reminding those impacted by Hurricane Michael of the options available for mortgage assistance.
10 Oct 2018