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Fannie Mae: Fannie Mae Standard Modification Interest Rate Adjustment Exhibit

Investor Update
December 7, 2016

Fannie Mae Standard Modification Interest Rate Adjustment Exhibit

This Exhibit provides the new Fannie Mae Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications.

December All-Servicer Forums: Fannie Mae Changes to Investor Reporting

If you haven’t already, please plan to attend one of our upcoming Fannie Mae Changes to Investor Reporting-All Servicer Forums.

Who should attend?
Every servicer who does business with us. Register today via one of the links above, or via our web page. Be sure to forward this message to others in your organization who would also benefit from these forums.

Learn More
Visit the Fannie Mae Changes to Investor Reporting page to register for a forum and receive the latest information and resources. Questions? Contact your Servicer Integration Lead or email call-in_information@fanniemae.com.

New and updated Fannie Mae Connect reports featured in latest release

The Fannie Mae Connect reporting portal streamlines and centralizes key Fannie Mae data from multiple reporting applications, using business intelligence tools to provide unique analytics. In addition to centralizing all reporting into a single application, we continue to make Fannie Mae Connect easier to use. With the Fannie Mae Connect final 2016 release on December 5, several enhancements have been implemented. This release includes infrastructure upgrades to increase site stability, improve user experience, and expand functionality.
In addition, we have launched new and updated reports:

  • NEW: Day 1 Certainty
  • NEW: Economic and Housing Market Trends Dashboard
  • NEW: Title & Closing Supplier Scorecard
  • UPDATED: Market Opportunity Tool
  • UPDATED: Trial Balance Report

For more information on the release, see our latest Release Tracker and Report Directory (available to Fannie Mae Connect users) for report descriptions and details. For more information on Fannie Mae Connect, including demos, quick tips and training, please visit the Fannie Mae Connect web page.

Mobile demand signals shift in mortgage market

In just one year, mobile mortgage usage and demand both nearly doubled among low and moderate income homebuyers. That’s according to our Economic and Strategic Research Group survey. While 27 percent of consumers used their mobile devices for mortgage activities in 2015, by Q1 2016 that number rose to 64 percent. Among higher income consumers, that’s expected to be even greater. Over 70 percent of consumers plan to use their mobile device for mortgage activities in the future.

Over 80 percent of consumers rely on their mobile device to research homes; 29 percent to fill out a mortgage application.

While few lenders currently offer an end-to-end mobile mortgage experience, this startling growth in demand is a call to action to aggressively enhance the consumer mobile experience or risk having new entrants carve out space in the market. Download the Mobile Mortgage Demand infographic and learn more here.

Recent Tweets

#HPSI slips for 4th consecutive month in Nov. amid mixed consumer sentiment. Findings split election results.
http://bit.ly/2h2BFY8

December 7
 
Mobile use by borrowers during the #mortgage process is growing. @TheMReportNews has the story:
http://bit.ly/2hbGvS9

December 6

Source: Fannie Mae

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

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COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Business Development

Carrie Tackett

Business Development Safeguard Properties