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HUD Mortgagee Letter 2015-21: Automatic Extensions to HUD’s Initiation of Foreclosure Timeline

The U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2015-21. The letter provides guidance relating to HUD’s regulatory requirement for mortgagees to utlize a Loss Mitigation Option or initiate foreclosure within six months of the date of default.

28 Sep 2015

Fannie Mae Updated Florida AAA Matrix

Fannie Mae has added an updated version of the Florida AAA Matrix which is now available on its Excess Attorney Fee Guidelines page.

25 Sep 2015

FEMA Declared Disaster California

On September 24, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in California as a result of the Valley/Butte Fires beginning on September 9, 2015 and continuing.

24 Sep 2015

Fannie Mae Utilizes Technology to Achieve Housing Goals

DS News published an article discussing various Fannie Mae technology tools that are available for servicers to aid at-risk borrowers in foreclosure prevention.  These tools can be found on Fannie Mae’s new Technology Solutions webpage.

24 Sep 2015

NeighborWorks Report Illustrates the Ongoing Success of National Foreclosure Mitigation Counseling Program

The National Council of State Housing Agencies (NCSHA) released an article discussing NeighborWorks America’s eleventh Congressional Report on the National Foreclosure Mitigation Counseling (NFMC) Program.

24 Sep 2015

MCM UpDate Issue #18

Michaelson, Connor and Boul (MCB), the Mortgagee Compliance Manager for the U.S. Department of Housing and Urban Development (HUD) have published MCM UpDate Issue #18.

22 Sep 2015

FEMA Declared Disaster West Virginia

On September 17, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in West Virginia as a result of severe storms, tornadoes, straight-line winds, flooding, landslides and mudslides that took place July 10-14, 2015.

17 Sep 2015

Freddie Mac Single-Family Update: Available Training on The Learning Center

Freddie Mac released a Single-Family Update announcing upcoming servicing training events offered by The Learning Center.

17 Sep 2015

MHA HAMP Reporting Update HAMP NPV Transaction Portal Outage

Making Home Affordable (MHA) released a HAMP Reporting Update announcing a HAMP NPV Transaction Portal outage scheduled September 25-28.

17 Sep 2015

FEMA Declared Disaster of Commonwealth of Kentucky

On September 16, 2015, FEMA issued an update to a Presidential Major Disaster Declaration for areas in the Commonwealth of Kentucky as a result of severe storms, tornadoes, straight-line winds, flooding, landslides and mudslides that took place July 11-20, 2015.

16 Sep 2015

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