Archives For: 2018
Freddie Mac: Natural Disaster Relief Policies for Mortgage Assistance to Aid Those Affected by California Wildfires Released
Freddie Mac issued a press release confirming its disaster relief policies for people whose homes or places of employment have been affected by the ongoing, historic California wildfires.
8 Aug 2018
Fannie Mae: Reminder to Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the California Wildfires
Fannie Mae issued a press release reminding those impacted by the California wildfires of the options available for mortgage assistance.
7 Aug 2018
USDA: Lender Electronic Status and Default Status Correction Requirement
The U.S. Department of Agriculture (USDA) issued a notification reminding USDA Guaranteed Loan Servicers of the new Electronic Status Reporting enhancement.
6 Aug 2018
FEMA Declared Disaster Michigan
FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, flooding, landslides and mudslides from June 16-18, 2018.
3 Aug 2018
Fannie Mae: AAA Matrix Updates
Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are revised AAA matrices that contain foreclosure-related title cost guidance issued on June 6, 2018, which will be effective for referrals on or after Sept. 1, 2018.
1 Aug 2018
FEMA Declared Disaster Texas
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding from June 19 to July 13, 2018.
31 Jul 2018
FEMA Declared Disaster Vermont
FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by severe storms and flooding from May 4-5, 2018.
30 Jul 2018
Fannie Mae: Updated Forms 2009 and 2017; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are updates pertaining to Forms 2009 and 2017.
25 Jul 2018
FEMA Declared Disaster Massachusetts
FEMA issued a Presidential Major Disaster Declaration for areas in Massachusetts affected by severe winter storms and a snowstorm from March 13-14, 2018.
19 Jul 2018
As Hurricane Season Arrives, U.S. Homeowners Haven?t Fixed Their Big Underinsurance Problem
The Wall Street Journal published an article discussing homeowners who are inadequately insured for natural-catastrophe damage ahead of the height of the Atlantic hurricane season. Insufficient insurance coverage impacts a borrower’s ability to remain current, with additional potential negative consequences, such as property abandonment.
18 Jul 2018