Archives For: Industry Alerts
FNMA Servicing Notice Approving Mortgage Loan Modifications; HSSN
On November 22, Fannie Mae released a Servicing Notice subtitled Approving Mortgage Loan Modifications and Entering Cases into HomeSaver Solutions™ Network.
25 Nov 2013
HUD Directive Rescinding MCB Demand Letters
On November 13, the U.S. Department of Housing and Urban Development (HUD) issued a directive on Demand Letters sent by Michaelson, Connor and Boul (MCB) regarding repayment of amounts associated with servicers failing to meet reasonable diligence timeframes. These Demand Letters are being rescinded until further notice. Please click here to view the online directive. […]
25 Nov 2013
Fannie Mae and Freddie Mac Attract Investors
On November 21, The Washington Post published an article titled Fannie Mae, Freddie Mac Attract Investor Groups.
22 Nov 2013
US Banking Committee Statement on Housing Finance Reform
On November 21, the United States Senate Committee on Banking, Housing, & Urban Affairs held a hearing titled Housing Finance Reform: Powers and Structure of a Strong Regulator. Both Chairman Tim Johnson and Ranking Member and U.S. Senator Mike Crapo gave statements as prepared for delivery.
22 Nov 2013
FEMA Declared Disaster Area New Mexico
On November 20, FEMA issued an update to a Presidential Major Disaster Declaration for areas in New Mexico as a result of severe storms and flooding during the period of July 23-28.
21 Nov 2013
FHFA GC Releases Statement on Housing Finance Reform
On November 21, the Federal Housing Finance Agency (FHFA) released a statement by FHFA General Counsel Alfred M. Pollard, titled Housing Finance Reform: Powers and Structure of a Strong Regulator.
21 Nov 2013
Eminent Domain Proposals Spread in Hardest-Hit Communities
On November 18, HousingWire published an article titled Eminent Domain Proposals Spread in Hardest-Hit Communities.
19 Nov 2013
MI Governor Snyder Meets With HUD on Detroit Blight
On November 15, The Detroit News published an article titled Snyder Meets With HUD Chief on Detroit Blight, Development.
19 Nov 2013
More Cities Considering Eminent Domain to Halt Foreclosures
On November 15, The New York Times published an article titled More Cities Consider Using Eminent Domain to Halt Foreclosures.
19 Nov 2013
MHA Announces HAMP System Outage and Updated Materials Posted
On November 19, Making Home Affordable (MHA) announced HAMP Reporting System Outage and Updated Duplicate Borrower Verification Materials Posted.
19 Nov 2013