Archives For: Investor and Regulatory Updates
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates relevant to servicers. Included is a reminder when reporting the Electronic Default Notice (EDN) Event on loans less than 61 days delinquent and State Foreclosure Process matrix typographical error corrections.
27 Aug 2019
The Office of the Comptroller of the Currency (OCC) issued a bulletin outlining revised interagency Flood Disaster Protection Act (FDPA) examination procedures that reflect private flood insurance requirements that became effective on July 1, 2019.
27 Aug 2019
The U.S. Department of Veterans Affairs (VA) issued a VALERI Special Announcement announcing an additional extension for required servicer documentation relating to Adequacy of Servicing (AOS) processes.
16 Aug 2019
The Federal Housing Finance Agency (FHFA) released a report providing results of the annual stress tests Fannie Mae and Freddie Mac are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
15 Aug 2019
Fannie Mae: Lender Letter LL-2019-07: Advance Notice of Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans
Fannie Mae issued a release providing advance notification to servicers of changes that will simplify and streamline the cash remittance and reconciliation process.
14 Aug 2019
Freddie Mac issued a release announcing servicing updates that will provide greater flexibility and opportunities for operational efficiency.
14 Aug 2019
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #19-40.
9 Aug 2019
VA: Circular 26-19-22: Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs)
The U.S. Department of Veterans Affairs (VA) issued a release that aims to consolidate and clarify guidance regarding how section 309 of Public Law 115-174, the Economic Growth, Regulatory Relief and Consumer Protection Act, affects IRRRLs.
8 Aug 2019
Fannie Mae reminded servicers that borrower-initiated mortgage insurance (MI) termination must be processed in the Servicer Management Default Underwriter (SMDU) for both Original Value and Current Value beginning on September 1, 2019.
7 Aug 2019
Fannie Mae issued a notice alerting servicers of an extension of the cost of funds index (COFI) for one additional year.
31 Jul 2019