Archives For: Investor and Regulatory Updates
Fannie Mae: Hurricane Irma Update for Sellers and Servicers
Fannie Mae issued an update confirming that flexibilities announced in selling and servicing Lender Letters released for Hurricane Harvey will be extended to areas impacted by Hurricane Irma.
7 Sep 2017
Freddie Mac Confirms Disaster Relief Policies as Hurricane Irma Approaches Puerto Rico, U.S. Virgin Islands and U.S. Mainland
Freddie Mac issued a press release confirming that disaster relief options will be made available to homeowners in Puerto Rico, the U.S. Virgin Islands and the U.S. mainland as Hurricane Irma approaches.
6 Sep 2017
OCC: Federal and State Banking Agencies Issue Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Irma
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation issued a joint release announcing the availability of regulatory assistance for institutions affected by Hurricane Irma.
6 Sep 2017
USDA: Electronic Status Reporting Implementation Date Delayed Three Months!
The U.S. Department of Agriculture (USDA) issued a release announcing that the implementation date for the required use of new electronic status reporting enhancements will be delayed by three months from April 1, 2018 to July 1, 2018.
1 Sep 2017
Fannie Mae: Lender Letter LL-2017-04: Selling Policies for Mortgage Loans Impacted by Hurricane Harvey
Fannie Mae issued an update outlining selling policies for mortgage loans impacted by Hurricane Harvey.
31 Aug 2017
USDA: FEMA Housing Vouchers Available for REO Properties
The U.S. Department of Agriculture (USDA) issued a release highlighting a Federal Emergency Management Agency (FEMA) decision to make housing vouchers available to displaced families in Texas impacted by Hurricane Harvey.
31 Aug 2017
USDA: Servicing Relief to Borrowers Affected by Hurricane Harvey
The U.S. Department of Agriculture (USDA) issued a release outlining relief measures loan holders and loan servicers should implement to assist USDA Rural Development Section 502 Single Family Housing Guaranteed Loan Program (SFHGLP) borrowers affected by Hurricane Harvey.
31 Aug 2017
Fannie Mae: Lender Letter LL-2017-03: Servicing Policies for Mortgage Loans Impacted by Hurricane Harvey
Fannie Mae issued an update outlining servicing policies related to Hurricane Harvey.
29 Aug 2017
FHLMC Guide Bulletin 2017-14: Temporary Servicing Requirements Related to Borrowers Affected by Hurricane Harvey
Freddie Mac issued a release outlining policy details in response to Hurricane Harvey. Included is updated information relating to servicer property inspections located in a related eligible disaster area.
29 Aug 2017
OCC: Hurricane Harvey Information for Consumers and Bankers in the Affected Areas
The Office of the Comptroller of the Currency (OCC) issued a release outlining relevant information for national banks and federal savings associations in regard to operations in areas affected by Hurricane Harvey.
29 Aug 2017