Archives For: Featured Resources
VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) released a VALERI Servicer Newsflash containing information on a number of subjects, including information regarding Circular 26-16-14, servicer contacts and system development updates.
10 Jun 2016
Foreclosure Firm Cleared of FHA Loan Deficiency Liability by Federal Court
A recent article authored by Joel E. Tasca and Jenny N. Perkins of Ballard Spahr LLP addressed an action by an Illinois federal district court pertaining to the issue of a deficiency on a Federal Housing Authority (FHA) insured loan.
9 Jun 2016
Danville Joins Vermilion County Land Bank
WRSP/WCCU Fox Illinois released a report announcing the final decision of Danville, IL to join the Vermilion County land bank.
8 Jun 2016
County Identifies Responsible Parties to ?Zombie? Properties
The Ken-Ton Bee published an article discussing the efforts of New York State Assemblyman Michael Kearns to collect public complaints pertaining to vacant, blighted homes in order to raise awareness of their existence and inspire action from the state.
8 Jun 2016
Fannie Mae Single Family Servicing News: Announcement SVC-2016-05 and Lender Letter LL-2016-03
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
8 Jun 2016
FHLMC Guide Bulletin 2016-10: Servicing Updates
Freddie Mac issued a release announcing revised requirements related to the Home Affordable Modification Program (HAMP) expiration and the extension of Lender-Placed Insurance (LPI) deductables mandatory effective date for servicers.
8 Jun 2016
VA Circular 26-12-5 Change 2 New VA Property Management and Servicing Contractor
The U.S. Department of Veterans Affairs (VA) released a revised version of Circular 26-12-5. The circular updates servicing contractor information.
6 Jun 2016
MHA HAMP Reporting Update Q2 2016 Base NPV Documentation Supplement Available
On June 3, Making Home Affordable (MHA) issued a HAMP Reporting Update announcing the availability of the Q2 2016 Base NPV Model Documentation Supplement.
3 Jun 2016
Proposed New York Legislation Targets Foreclosure Policy
Two bills involving foreclosure procedure have advanced to a third reading in the New York State Assembly: A.8559 (Relates to providing notice to a homeowner whose property is being foreclosed that they do not have to abandon the property until the day of the foreclosure sale) and A.4842 (Requires plaintiffs in mortgage foreclosure actions to provide contact information).
1 Jun 2016
Congressional Grants to Aid More Struggling Borrowers
DS News published an article discussing the latest grant by the National Foreclosure Mitigation Counseling (NFMC) program to assist areas throughout the country struggling with high rates of foreclosure.
31 May 2016