Archives For: Featured Resources
OCC: BULLETIN 2018-26: Updated Comptroller?s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) announced the availability of an updated version of the Other Real Estate Owned booklet of the Comptroller’s Handbook, which provides guidance to examiners on banks’ acquisition, reporting, management, and disposition of other real estate owned (OREO).
31 Aug 2018
VA: Circular 26-18-17: Special Relief Following Hurricane Lane
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by Hurricane Lane.
30 Aug 2018
Fannie Mae: New Field in LoanSphere Invoicing; plus AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
29 Aug 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Lane
Fannie Mae issued a press release reminding those impacted by Hurricane Lane of the options available for mortgage assistance.
23 Aug 2018
Freddie Mac: As Hurricane Lane Approaches Hawaiian Islands, Freddie Mac Confirms Disaster Relief Policies
Freddie Mac issued a press release reminding servicers of its disaster relief policies for people whose homes or places of employment have been affected by Hurricane Lane.
23 Aug 2018
USDA: Proposed Rule – Streamlining the Loss Claims Process
The U.S. Department of Agriculture (USDA) announced that a proposed rule published in the Federal Register is seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry.
23 Aug 2018
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.
21 Aug 2018
FEMA Declared Disaster Connecticut
FEMA issued a Presidential Major Disaster Declaration for areas in Connecticut affected by severe storms, tornadoes and straight-line winds that took place May 15, 2018.
20 Aug 2018
FEMA Declared Disaster Confederated Tribes of the Colville Reservation (Washington)
FEMA issued a Presidential Major Disaster Declaration for the Confederated Tribes of the Colville Reservation (Washington) as a result of flooding that took place May 5-28, 2018.
17 Aug 2018
HUD: FHA INFO #18-35: Extension of HECM Foreclosure Timelines for Properties Impacted by Hurricane Maria in Affected Areas in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Housing and Urban Development (HUD) issued single-family housing news and updates in FHA INFO #18-35.
17 Aug 2018