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FHA INFO #16-07: Home Equity Conversion Mortgage (HECM) Mortgagee Optional Election Assignment Extension to 120-Day Assignment Requirement
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #16-07.
12 Feb 2016
HUD Announces Change to Debenture Interest Rates
The U.S. Department of Housing and Urban Development (HUD) announced changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act).
12 Feb 2016
FEMA Declared Disaster Mississippi
On February 11, 2016, FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi as a result of severe storms, tornadoes, straight-line winds and flooding that took place December 23-28, 2015.
11 Feb 2016
Bill Would Allow for Land Bank Establishment in Virginia
Virginia House Bill 268, titled the Land Bank Entities Act, would authorize the establishment of a land bank by any locality or two or more combined localities. The bill passed a House vote on February 10, 2016.
11 Feb 2016
Fannie Mae: Selling and Servicing Flexibilities Available to Homeowners Impacted by the Flint, Michigan Water Crisis
Fannie Mae issued a Selling and Servicing Notice reminding servicers and lenders about existing products, loan options and servicing flexibilities that are available for homeowners who may be impacted by the water crisis in Flint, Michigan.
11 Feb 2016
Freddie Mac Support for Homeowners in Flint, Michigan
Freddie Mac issued a release reminding servicers and sellers of all the mortgage options that are available to homeowners in Flint, Michigan.
11 Feb 2016
HUD Written Testimony of Edward L. Golding
The U.S. Department of Housing and Urban Development (HUD) released the written testimony of Edward L. Golding before the House of Representatives Committee on Financial Services, Subcommittee on Housing and Insurance.
11 Feb 2016
Fannie Mae Servicing Guide Announcement SVC-2016-01 Servicing Guide Updates
Fannie Mae released an announcement containing a number of Servicing Guide updates, including changes to New Jersey foreclosure fees and an introduction to the Servicing Guide Change Control Log.
10 Feb 2016
MHA HAMP Reporting Update Presidents Day Holiday Support and System Availability
Making Home Affordable (MHA) issued a HAMP Reporting Update outlining system availability for the Presidents Day holiday.
10 Feb 2016