Archives For: Featured Resources
Winter Storm Harper Set to Sweep Across Country
The Weather Channel issued a report outlining major winter storm activity that will continue to impact multiple areas of the U.S. over the next several days.
19 Jan 2019
Fannie Mae: Enhancements Reduce Manual Work on FHA Loan Payoffs
Fannie Mae announced that beginning January 27, 2019, servicers will no longer be required to contact Fannie Mae Investor Reporting analysts to request shortage surplus adjustments for Actual/Actual Federal Housing Administration (FHA) loan payoffs.
16 Jan 2019
FHFA: Refinance Report – November 2018
The Federal Housing Finance Agency (FHFA) issued its November 2018 Refinance Report.
15 Jan 2019
NJ Land Bank Bill Lands in Assembly
S-1214 was received in the New Jersey Assembly and had a second reading. The bill would allow for the creation of municipal land banks in conjunction with online property database development.
15 Jan 2019
The Shutdown’s Impact on Financial Services
National Mortgage News published an article discussing how financial services are most affected by the ongoing federal government shutdown.
13 Jan 2019
Mortgage Industry Chief Gets Some Federal Employees Back to Work with Pay
The Real Deal posted an article (originally published by The Washington Post) highlighting the recent lobbying efforts of Mortgage Bankers Association (MBA) President and CEO Robert Broeksmit.
13 Jan 2019
Democrats Move to Prevent Foreclosures, Evictions on Unpaid Federal Workers
HousingWire published an article outlining the newly proposed Federal Employee Civil Relief Act (S.72). The bill aims to prohibit landlords and creditors from taking action against federal workers or contractors who are affected by a government shutdown and unable to pay their rent, mortgages, or other loans.
11 Jan 2019
Freddie Mac: FHLMC Guide Bulletin 2019-2: Credit Reporting Guidance Related to the Federal Government Shutdown
Freddie Mac issued a release providing temporary guidance to help servicers and sellers assist borrowers impacted by the federal government shutdown.
11 Jan 2019
Fannie Mae: Lender Letter LL-2019-01: Impact of Federal Government Shutdown (Servicing)
Fannie Mae issued a release clarifying expectations and requirements with respect to credit reporting regarding mortgage loans made to government employees and other workers impacted by the federal government shutdown.
11 Jan 2019
CFPB: Reports on the Ability to Repay and Qualified Mortgage Rule and the RESPA Mortgage Servicing Rule
The Consumer Financial Protection Bureau (CFPB) posted a blog announcing the availability of two reports assessing significant bureau rules.
11 Jan 2019