Archives For: Industry Alerts
FHA Announces Extended Feedback Period for Draft Servicing Section
On October 7, The Federal Housing Administration (FHA) released INFO message #14-61, discussing a feedback extension period for the draft Servicing section of the Single Family Housing Policy Handbook.
8 Oct 2014
FEMA Declared Disaster Area New Mexico
On October 6, FEMA issued a Presidential Major Disaster Declaration for areas in New Mexico as a result of severe storms and flooding July 27 to August 5.
7 Oct 2014
Supreme Court Case to Decide if Banks are Responsible for Sale of Foreclosed Houses
On October 1, Philip Babler, associate and litigation lawyer with Foley & Lardner LLP posted an article discussing Bank of New York v. Carson, No. 2013AP544, currently awaiting a ruling from the Wisconsin Supreme Court.
7 Oct 2014
FHA Announces Intention to Extend Borrower Refinancing Program
On October 1, the Federal Housing Administration (FHA) released INFO message #14-60, discussing its plan to extend the “FHA Refinances of Borrowers in Negative Equity Positions” program.
7 Oct 2014
GAO-15-5 Troubled Asset Relief Program
On October 6, the U.S. Government Accountability Office (GAO) released GAO-15-5, a report subtitled Troubled Asset Relief Program: Treasury Could Better Analyze Data to Improve Oversight of Servicers’ Practices.
7 Oct 2014
FHLMC Guide Bulletin 2014-17 Servicing Updates
On October 1, Freddie Mac released an update titled Single-Family Seller/Servicer Guide Bulletin 2014-17.
3 Oct 2014
Five States Account for Nearly Half of Completed Foreclosures in Last 12 Months
On October 2, DS News released an article discussing findings published in the August edition of CoreLogic’s National Foreclosure Report.
3 Oct 2014
Fannie Mae SVC-2014-17 Miscellaneous Servicing Policy Updates
On October 1, Fannie Mae released Servicing Guide Announcement SVC-2014-17, subtitled Miscellaneous Servicing Policy Updates.
2 Oct 2014
MHA Supplemental Directive 14-03 Making Home Affordable Program-Administrative Clarifications
On September 30, Making Home Affordable (MHA) issued an update titled Supplemental Directive 14-03: Making Home Affordable Program-Administrative Clarifications.
2 Oct 2014
FEMA Declared Disaster Area Kentucky
On September 30, FEMA issued a Presidential Major Disaster Declaration for areas in Kentucky as a result of severe storms, flooding, landslides and mudslides, August 18-23.
1 Oct 2014