Archives For: Investor and Regulatory Updates
FHFA: Foreclosure Prevention Report – April 2020
The Federal Housing Finance Agency (FHFA) issued its April 2020 Foreclosure Prevention, Refinance and FPM Report.
13 Jul 2020
HUD: FHA INFO #20-47: Enhancements to FHA’s Claims Without Conveyance of Title (CWCOT) Procedures
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
MHA: HAMP Update: System Availability – July 3, 2020
Making Home Affordable (MHA) issued a reminder outlining HAMP Reporting System availability on July 3, 2020.
30 Jun 2020
FHFA: Foreclosure Prevention Report – First Quarter 2020
The Federal Housing Finance Agency (FHFA) issued its first quarter 2020 Foreclosure Prevention, Refinance and FPM Report.
23 Jun 2020
VA: VALERI Servicer Newsflash
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: AAA Matrix Update – June 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
OCC: Mortgage Performance Remains Stable
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2020 Mortgage Metrics Report.
16 Jun 2020
MHA: HAMP Update: System Maintenance Outage
Making Home Affordable (MHA) issued an update outlining scheduled system maintenance scheduled for June 26-29, 2020.
11 Jun 2020
Fannie Mae: SVC-2020-02: Servicing Guide Update
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
VA: Circular 26-20-21: Property Inspection Requirements on CARES Act Forbearance Cases
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