Archives For: Industry Updates
Freddie Mac: An Evolving Experience in Servicing Gateway
Freddie Mac issued a release outlining upcoming changes to its Servicing Gateway platform scheduled to become effective on May 25, 2020.
18 May 2020
ATTOM: 3.6 Million Homes Considered Seriously Underwater
ATTOM Data Solutions released its first quarter 2020 U.S. Home Equity & Underwater Report. According to its findings, 3.6 million (one in 15) mortgaged homes were considered seriously underwater during this time frame.
7 May 2020
AccuWeather Increases Number of Hurricanes Predicted for 2020 Atlantic Season
AccuWeather published a report outlining its updated 2020 Atlantic Basin hurricane forecast.
7 May 2020
CFPB: Mortgage Loan Transfer Process to Prevent Consumer Harm
The CFPB has outlined practices to provide mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.
24 Apr 2020
Maine Law to Allow Mortgagees to Enter Vacant Properties
Recently, LD 1963/HP 1407 (An Act to Preserve the Value of Abandoned Properties by Allowing Entry by Mortgagees) was signed by Maine Governor Janet T. Mills. Taking effect on June 15 2020,, the bill amends provisions of state law that set the process by which a plaintiff in a foreclosure action may enter property that has been abandoned by the homeowner.
10 Apr 2020
ATTOM: U.S. Foreclosure Activity at All-Time Low
ATTOM Data Solutions published its February 2020 U.S. Foreclosure Market Report. According to its findings, the total number of foreclosure filings is at the lowest level since tracking began in April 2005.
2 Apr 2020
Forecasters Expect ‘Above Average’ Storm Activity
USA Today published an article outlining major hurricane activity predictions for the upcoming season (beginning June 1).
2 Apr 2020
California Communities Gradually Rebuilding After Destructive Wildfires
DS News published an article highlighting recovery efforts for counties in California affected by the 2018 Camp Fire and 2017 Tubbs Fire.
2 Apr 2020
CFPB: RFI to Assist Taskforce on Federal Consumer Financial Protection Law
The Consumer Financial Protection Bureau issued a request for information (RFI) to assist the Taskforce on Federal Consumer Financial Law with recommendations on harmonizing, modernizing, and updating federal consumer financial laws.
27 Mar 2020
Freddie Mac: FHLMC Guide Bulletin 2020-06: Payment Deferral
On March 25, Freddie Mac announced the introduction a payment deferral relief option that can help homeowners with an early delinquency due to a short-term hardship situation that has since been resolved.
25 Mar 2020