Archives For: Fannie Mae
Fannie Mae: New Resources Added to Servicer Toolkit
Fannie Mae announced enhancements to its servicer toolkit. Included are resources to help support borrowers once the foreclosure moratorium ends.
7 Jul 2021
Fannie Mae: Lender Letter LL-2021-07: COVID-19 Payment Deferral
Fannie Mae adjusted the terms for a Flex Modification with reduced eligibility criteria for COVID-19 impacted borrowers to provide an opportunity to reduce their interest rate, regardless of the mortgage loan’s mark-to-market loan-to-value ratio.
30 Jun 2021
Fannie Mae: Lender Letter LL-2021-02: Impact of COVID-19 on Servicing
Fannie Mae updated provisions regarding the suspension of foreclosure-related activities and filing motions for relief from the automatic stay in certain bankruptcy cases.
30 Jun 2021
FHFA: Expanded Use of Interest Rate Reduction for COVID-19 Hardship
The Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention.
30 Jun 2021
FHFA: Protecting Borrowers After COVID-19 Moratoriums End
The FHFA announced that servicers of mortgages backed by Fannie Mae and Freddie Mac will not be permitted to make a first notice or filing for foreclosure that would be prohibited by the Consumer Financial Protection Bureau’s (CFPB) Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act, Regulation X Final Rule before it takes effect.
29 Jun 2021
FHFA: Three Staffing Updates Announced
The Federal Housing Finance Agency (FHFA) announced new appointments to the leadership team for longtime FHFA staff Naa Awaa Tagoe, Daniel E. Coates, and Danielle Walton.
28 Jun 2021
FHFA: COVID-19 Foreclosure and REO Eviction Moratoriums Extended
The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions through July 31, 2021.
24 Jun 2021
FHFA: 2020 Report to Congress
The Federal Housing Finance Agency (FHFA) issued a report highlighting its historic policy response that helped borrowers and renters remain in their homes while also ensuring mortgage markets continued to function.
16 Jun 2021
Fannie Mae: SVC-2021-03: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to include a number of relevant changes impacting mortgage servicers.
9 Jun 2021
FHFA: Extended COVID-19 Multifamily Forbearance
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021.
3 Jun 2021