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State Spotlight: Florida?s Supreme Court Ruling is a Win for Servicers
DS News published an article discussing a recent Florida Supreme Court ruling which decided that servicers may file new foreclosure actions against borrowers who won foreclosure cases more than five years ago if the borrowers defaulted again within five years of the first case’s dismissal.
11 Nov 2016
State Spotlight: The Sun Sets on Nevada’s Foreclosure Mediation Program
DS News released an article discussing the State of Nevada Foreclosure Mediation Program (FMP), which is scheduled to end on June 30, 2017.
9 Nov 2016
Fannie Mae: SVC-2016-10: Servicing Guide Updates
Fannie Mae issued a single family servicing update containing additional property preservation repair descriptions and expense limits.
9 Nov 2016
FEMA Declared Disaster Florida
On November 4, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Florida affected by Hurricane Matthew beginning October 4, 2016 and continuing.
4 Nov 2016
Beck Bill to Prevent Sandy Foreclosures Advances Amidst Call for Further Action
New Jersey Senator Jennifer Beck (R-Monmouth) issued a newsletter announcing the passage of S-2300 in the Senate Budget Committee.
4 Nov 2016
HUD Announces Disaster Assistance for Virginia Hurricane Matthew Victims
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing the availability of federal disaster assistance for homeowners and low-income renters forced from their homes due to Hurricane Matthew.
3 Nov 2016
VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued an announcement containing a VA Servicer Handbook (Manual 26-4) update.
3 Nov 2016
Foreclosure Mortgage Fraud Bill Introduced in Illinois
IL HB 6619 had its first reading and was referred to the Rules Committee on November 2, 2016.
2 Nov 2016
Fannie Mae: Principal Reduction Modifications and Servicer Forums on Fannie Mae Changes to Investor Reporting
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
2 Nov 2016
HUD Mortgagee Letter 2016-17: National Servicing Center Address Change for the Tulsa, Oklahoma Office
The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2016-217. The letter notifies mortgagees of an address change for FHA’s National Servicing Center (NSC) Branch, located in Tulsa, Oklahoma.
2 Nov 2016