Archives For: Featured Resources
OCC: Mortgage Performance Remains Stable
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2020 Mortgage Metrics Report.
16 Jun 2020
Herkimer County to Withdraw from Land Bank
The Utica Observer-Dispatch published an article discussing a recent decision by Herkimer County, N.Y., to withdraw from the Greater Mohawk Valley Land Bank.
12 Jun 2020
MHA: HAMP Update: System Maintenance Outage
Making Home Affordable (MHA) issued an update outlining scheduled system maintenance scheduled for June 26-29, 2020.
11 Jun 2020
Dutchess County Creating Joint Land Bank with City of Poughkeepsie
The Poughkeepsie Journal published an article outlining a recently approved plan by the New York State Legislature for the creation of a joint land bank between Dutchess County and the City of Poughkeepsie.
11 Jun 2020
Cristobal Expected to Hit Gulf Coast as Tropical Storm
The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek.
10 Jun 2020
Fannie Mae: SVC-2020-02: Servicing Guide Update
Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).
10 Jun 2020
VA: Circular 26-20-21: Property Inspection Requirements on CARES Act Forbearance Cases
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying inspection requirements for properties purchased with VA guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
8 Jun 2020
States Most At Risk for Natural Disasters in 2020
ValuePenguin published a report outlining the top 10 U.S. states at risk for natural disasters. The report also states that 2020 is on pace to be the year with the most federally declared disasters in history.
8 Jun 2020
6.4-Magnitude Earthquake Hits California
FOX News issued a report detailing earthquake activity in Southern California. The 5.5 magnitude event that struck near Ridgecrest is believed to be an aftershock stemming from an earthquake that occurred in July 2019.
4 Jun 2020
Fannie Mae: LoanSphere Invoicing Line Item Consolidation
Fannie Mae announced that in an effort to streamline servicer submissions for Grass Cut (Property Services) and Attorney Fee expenses, multiple subcategories will be deactivated in LoanSphere Invoicing and new sub-categories will be delivered, effective Aug. 1, 2020. This change will result in a net reduction of 28 subcategories.
3 Jun 2020