Archives For: Investor and Regulatory Updates
Freddie Mac: Confirmation of Disaster Relief Policies as Hurricane Florence Approaches
Source: Freddie Mac MCLEAN, Va., Sept. 12, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded Servicers of its disaster relief policies for borrowers who have been affected by Hurricane Florence. 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 […]
12 Sep 2018
Fannie Mae: Reminder: Mortgage Assistance Options for Areas Affected by Hurricane Florence
Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTC) is reminding those impacted by Hurricane Florence of the options available for mortgage assistance. Under Fannie Mae’s guidelines for single-family mortgages: Homeowners impacted by Hurricane Florence are eligible to stop making mortgage payments for up to 12 months, during which time they: will not incur late fees […]
12 Sep 2018
OCC: National Banks and Federal Savings Associations Affected by Hurricane Florence in the Southeast and Mid-Atlantic Allowed to Close
Source: OCC WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Florence in the Southeast and Mid-Atlantic to close. In issuing the proclamation, the OCC expects that only […]
11 Sep 2018
Fannie Mae: Document-Free Expense Reimbursement; Know Your Options Training; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
5 Sep 2018
Fannie Mae: Document-Free Expense Reimbursement; Know Your Options Training; and More
Source: Fannie Mae Coming soon – document-free expense reimbursement and self-service reporting Expense reimbursements are about to get faster and easier. On Sept. 24, we’re introducing a new approach to expense reimbursement as part of our commitment to Simplifying Servicing™. In addition to document-free reimbursement claim submissions, you’ll soon have access to a new expense reimbursement […]
5 Sep 2018
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release featuring a chart created to summarize different VA modification options. A number of Development Updates also are outlined, including the upcoming release of VALERI Manifest 18.3 on September 8, 2018.
4 Sep 2018
OCC: BULLETIN 2018-26: Updated Comptroller?s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) announced the availability of an updated version of the Other Real Estate Owned booklet of the Comptroller’s Handbook, which provides guidance to examiners on banks’ acquisition, reporting, management, and disposition of other real estate owned (OREO).
31 Aug 2018
VA: Circular 26-18-17: Special Relief Following Hurricane Lane
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by Hurricane Lane.
30 Aug 2018
Fannie Mae: New Field in LoanSphere Invoicing; plus AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
29 Aug 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Lane
Fannie Mae issued a press release reminding those impacted by Hurricane Lane of the options available for mortgage assistance.
23 Aug 2018