Fannie Mae SVC-2014-14 Servicing Policy Updates
On July 9, Fannie Mae issued Announcement SVC-2014-14: Miscellaneous Servicing Policy Updates as well as a notice regarding an adjusted interest rate and updated forms.
Announcement SVC-2014-14: Miscellaneous Servicing Policy Updates
This Announcement updates or clarifies policies on the following topics — ordering a property valuation for short sales, Mortgage Releases™, and foreclosure sale bidding instructions; documenting military indulgence relief requests; submitting financial statements and reports; and calculating the monthly principal and interest payment for mortgage loan modifications.
Servicing Notice: Adjustment to Modification Interest Rate and Updates to Fannie Mae Forms
This Notice alerts servicers to the July 14, 2014 update to the Fannie Mae Standard and Streamlined Modification interest rate as well as updates to several Fannie Mae forms.
Please click here to view the announcement in its entirety.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.