Archives For: Featured Resources
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
HUD: Specific Program Shutdown Questions and Answers
The U.S. Department of Housing and Urban Development (HUD) issued guidelines for lenders and servicers during the ongoing federal government shutdown.
11 Jan 2019
Fannie Mae: Sellers/Servicers Must Submit Annual Certifications
Fannie Mae advised that sellers/servicers with a December 31 fiscal year end must submit their annual certification and audited financial statements by March 31.
9 Jan 2019
VA: Circular 26-19-1: Special Relief Following the Federal Government Shutdown
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by the federal government shutdown and describes measures mortgagees may employ to provide relief.
8 Jan 2019
HUD: FHA Calls on Lenders to Assist Federal Workers and Contractors Impacted by the Federal Government Shutdown
The U.S. Department of Housing and Urban Development (HUD) issued a press release calling on all approved mortgagees and lenders to be sensitive to the financial hardships experienced by borrowers as a result of the federal government shutdown, including those borrowers subject to furlough, layoff, or a reduction in income related to the shutdown.
8 Jan 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.
8 Jan 2019
U.S. Department of the Treasury: Lapse in Appropriations Contingency Plan
As a result of the continued federal government shutdown, the U.S. Department of the Treasury has implemented its Lapse in Appropriations Contingency Plan.
8 Jan 2019
VA Circular 26-17-39: Updated Disaster Modification Guidance
The U.S. Department of Veterans Affairs (VA) issued a change to Circular 26-17-39 that extends the rescission date of the original circular.
4 Jan 2019
Servicers Treating Government Shutdown Like a Natural Disaster
National Mortgage News published an article discussing ways mortgage servicers are engaging the current federal government shutdown.
4 Jan 2019