Archives For: 2018
Freddie Mac: FHLMC Guide Bulletin 2018-26: Servicing Updates
Freddie Mac issued a release containing a number of updates relevant to servicers. Included are changes to state foreclosure timelines and compensatory fees.
12 Dec 2018
Fannie Mae: SVC-2018-09: Servicing Guide Updates
Fannie Mae issued a release containing a number of updates relevant to servicers. Included are changes to guidelines for managing insurance loss proceeds.
12 Dec 2018
CFPB: Press Statement by Mick Mulvaney
The Consumer Financial Protection Bureau (CFPB) issued a statement from Acting Director Mick Mulvany commending the U.S. Senate for confirming Kathy Kraninger as the Bureau’s next director.
11 Dec 2018
OCC: Third Quarter 2018 Mortgage Metrics Report
The Office of the Comptroller of the Currency (OCC) issued its third quarter 2018 Mortgage Metrics Report.
11 Dec 2018
Freddie Mac: Holiday Eviction Moratorium; Natural Disaster Relief Policy Confirmation
Freddie Mac issued a news release announcing a nationwide suspension of eviction lockouts between December 17, 2018 and January 2, 2019. The release also confirmed mortgage relief options for disaster areas impacted by wildfire activity in California.
10 Dec 2018
Fannie Mae: Eviction Suspension for the Holidays
Fannie Mae issued a news release announcing the suspension of eviction lockouts for foreclosed single-family properties during the 2018 holiday season.
10 Dec 2018
Bill to Permit Municipal Land Banking with Online Database Clears Committee
Insider NJ published an article announcing that legislation aiming to permit municipal land banking in conjunction with online property database development in New Jersey cleared the Senate Budget and Appropriations Committee.
10 Dec 2018
MHA: HAMP Update: Supplemental Directive 18-01: Making Home Affordable Program – Program End Date and Administrative Clarifications
Making Home Affordable (MHA) issued a release providing guidance relating to servicers’ continuing obligations to meet requirements set forth in the Servicer Participation Agreement and related documents (SPA).
10 Dec 2018
New Jersey Bill Aims to Create Foreclosure Buyback Program
Senate Bill 1584 (Establishes the “New Jersey Residential Foreclosure Transformation Act”) was reported from the Senate Budget and Appropriations Committee with amendments and a second reading. The bill was originally introduced on February 5.
10 Dec 2018
Winter Storm Diego Set to Strike Southeast
The Weather Channel published an article outlining winter storm activity forecast to directly impact the Southeastern U.S.
9 Dec 2018