Archives For: Featured Resources
Freddie Mac: UMBS to be Issued Based on Revised TBA Guidelines
Freddie Mac issued a release announcing that they are set to issue the first Freddie Mac 55-day payment delay, TBA-eligible Uniform Mortgage-Backed Security™ (UMBS™) on June 3, 2019.
11 Mar 2019
USDA: Help Resources
The U.S. Department of Agriculture (USDA) issued a release encouraging servicers and lenders to utilize its LINC Training and Resource Library. the resource includes web-based training, frequently asked questions (FAQs) and user guides for USDA information technology systems.
8 Mar 2019
VA: Circular 26-19-07: Special Relief Following Alabama Severe Storms, Straight-line Winds and Tornadoes
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about the VA home loan borrowers affected by sever storms, straight-line winds and tornadoes in the state of Alabama, and describes measures mortgagees may employ to provide relief.
8 Mar 2019
State Representative Drafts Land Bank Bill to Improve Neighborhoods
The SJ Post published a report announcing the passage of HB 821 through the Missouri House of Representatives. The bill aims to allow the City of St. Joseph to create a land bank to directly engage 450 vacant structures in violation of its Property Maintenance Code.
7 Mar 2019
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
7 Mar 2019
Pottstown Land Bank Getting Underway
The Mercury published an article highlighting the finalization of a land bank in Pottstown, Penn.
7 Mar 2019
Land Bank Will No Longer Oversee Beleaguered Detroit Demo Program
The Detroit Free Press published an article discussing a decision that will see property demolitions in Detroit being fully administered by the City at the end of 2019.
7 Mar 2019
Foreclosure Bill Prefiled in Oklahoma
Senate Bill 123 (Mortgages; modifying period of time mortgagor has to cure breach or default. Effective date.) had a second reading and was referred to the Judiciary on February 5, 2019.
6 Mar 2019
HUD: Disaster Assistance for Alabama Tornado Victims
The U.S. Department of Housing and Urban Development (HUD) announced that it will provide mortgage relief and other support to homeowners and low-income renters forced from their homes in Lee County, Ala.
6 Mar 2019
Tornadoes Blow Through Southeast
USA Today issued a report outlining extensive tornadic activity across the Southeast U.S.
5 Mar 2019