Archives For: Investor and Regulatory Updates
The U.S. Department of Housing and Urban Development (HUD) announced enhancements to the FHA’s CWCOT procedures, which must be used for all foreclosure sales and any post-foreclosure sales efforts pursued by the mortgagee.
7 Jul 2020
Making Home Affordable (MHA) issued a reminder outlining HAMP Reporting System availability on July 3, 2020.
30 Jun 2020
The Federal Housing Finance Agency (FHFA) issued its first quarter 2020 Foreclosure Prevention, Refinance and FPM Report.
23 Jun 2020
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates relevant to servicers. Included is guidance relating to North Carolina pre-foreclosure notice of hearing and Colorado foreclosure sales.
18 Jun 2020
Fannie Mae announced that nine AAA matrices have been updated effective June 17, 2020. The announcement reflects a detailed list of updates made by jurisdiction.
17 Jun 2020
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2020 Mortgage Metrics Report.
16 Jun 2020
Making Home Affordable (MHA) issued an update outlining scheduled system maintenance scheduled for June 26-29, 2020.
11 Jun 2020
Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).
10 Jun 2020
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying inspection requirements for properties purchased with VA guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
8 Jun 2020
Fannie Mae announced that in an effort to streamline servicer submissions for Grass Cut (Property Services) and Attorney Fee expenses, multiple subcategories will be deactivated in LoanSphere Invoicing and new sub-categories will be delivered, effective Aug. 1, 2020. This change will result in a net reduction of 28 subcategories.
3 Jun 2020