Archives For: Investor and Regulatory Updates
Freddie Mac: Important Seller/Servicer Information on Potential Impacts of COVID-19
Freddie Mac issued a release reminding sellers/servicers of certain requirements amid recent reports of the possible spread of Coronavirus COVID-19.
10 Mar 2020
HUD: FHA INFO #20-18: Loss Mitigation Home Retention Options for Assisting Borrowers
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-18.
9 Mar 2020
Federal Reserve: COVID-19 Joint Press Release
The Federal Reserve issued a joint press release with federal institution regulators encouraging financial institutions to meet needs of customers affected by coronavirus.
9 Mar 2020
OCC: Pandemic Planning: Updated FFIEC Guidance
The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services.
6 Mar 2020
MHA: HAMP Update: Revised Official Monthly Reporting – OMR Job Aid Posted
Making Home Affordable (MHA) announced the availability of an updated version of its Official Monthly Reporting (OMR) Job Aid on HMPadmin.com.
5 Mar 2020
Fannie Mae: Reminder of Servicing Policy to Assist Borrowers Impacted by Coronavirus
Fannie Mae issued a reminder to servicers that forbearance is an option (in accordance with existing policies) to assist borrowers impacted by a temporary hardship.
5 Mar 2020
HUD: FHA INFO #20-16: Coronavirus Information Available
On March 3, the U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-16.
3 Mar 2020
OCC: Protecting Tenants at Foreclosure Act: Revised Comptroller’s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued a revised version of its Protecting Tenants at Foreclosure Act booklet (part of the Comptroller’s Handbook). This booklet provides information and procedures for examiners in connection with the foreclosure activities and related consumer protections covered under the Protecting Tenants at Foreclosure Act of 2009.
2 Mar 2020
FHA INFO #20-15: Proposed CWCOT Enhancements
The U.S. Department of Housing and Urban Development (HUD) announced that it has posted proposed enhancements to its Claims Without Conveyance of Title (CWCOT) program on its Single Family Housing Draft Table. All FHA-approved mortgagees, servicers, and other interested stakeholders are invited to review the posted content and provide feedback on the proposed program updates through March 9, 2020.
24 Feb 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued several updates relevant to servicers. Included is the availability of special relief following earthquakes in Puerto Rico, information pertaining to property redemption procedures and instructions for HOA notices/utility bill document handling after conveyance.
14 Feb 2020