Archives For: Investor and Regulatory Updates
Freddie Mac: UCount is Here
Freddie Mac announced the launch of its Unified Counterparty Experience System® (UCount), a user-friendly platform allowing the submission of information formerly provided through Guide Forms 16SF (Annual Eligibility Certification Report), 1107SF (Seller/Servicer Change Notification Form) and the Annual Eligibility Website.
7 Dec 2020
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) announced the appointment of two executives to the agency’s Executive Committee.
7 Dec 2020
FHFA: Principal Deputy Director Adolfo Marzol to Retire
The Federal Housing Finance Agency (FHFA) announced that Principal Deputy Director Adolfo Marzol will retire on December 18, 2020. Chris Bosland, FHFA senior advisor for regulation, will succeed Marzol as principal deputy director.
4 Dec 2020
FHFA: Statement of Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued the statement of Director Mark A. Calabria at the Financial Stability Oversight Council Principals Meeting.
3 Dec 2020
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
FHFA: Foreclosure and REO Eviction Moratorium Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021.
2 Dec 2020
HUD: FHA INFO #20-88: Extension of Temporary Guidance on the Endorsement of Mortgages Under Forbearance
HUD extended the period for mortgage forbearance provisions provided under the CARES Act. The extension allows mortgages to be endorsed for insurance when a borrower, after closing, has requested a forbearance due to the COVID-19 National Emergency.
27 Nov 2020
HUD: FHA INFO #20-87: Private Flood Insurance Proposed Rule in Federal Register
HUD published a proposed rule in the Federal Register (Acceptance of Private Flood Insurance for Federal Housing Administration-Insured Mortgages). The previously announced rule will provide the option for private flood insurance on FHA-insured single family mortgaged properties located in special flood hazard areas.
23 Nov 2020
HUD: FHA INFO #20-86: FHA Catalyst: Claims Module – Expanded Functionality
The U.S. Department of Housing and Urban Development (HUD) announced expanded capabilities within FHA Catalyst, providing mortgagees with new claim functionality through the platform.
19 Nov 2020
HUD: FHA INFO #20-85: Updates to FHA Single Family Housing Policy Handbook 4000.1
The U.S. Department of Housing and Urban Development (HUD) published an update to Single Family Housing Policy Handbook 4000.1. Included are revisions and additional clarifications to various FHA policies and programs since its last update on January 2, 2020, as well as the incorporation of changes previously announced in the Mortgagee Letters included in the Handbook Transmittal, which can be found on www.hud.gov.
18 Nov 2020