Archives For: federal register

FHFA: Extended Comment Period for Proposed Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers

The Federal Housing Finance Agency (FHFA) announced a 30-day extension on the comment period for a proposed update to the minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers.

31 Mar 2020

FHFA: Stress Testing of Regulated Entities

The Federal Housing Finance Agency (FHFA) announced the adoption of a final rule that amends its stress testing rule, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

24 Mar 2020

USDA: Handbook Updates: Loss Claim and Loss Mitigation

The USDA published new 3555 Handbook chapters in response to a final rule (effective April 24) that will streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure and better align loss mitigation policies with the mortgage industry.

27 Jan 2020

USDA: Final Rule: Loss Claim and Loss Mitigation

The U.S. Department of Agriculture (USDA) announced that a previously proposed rule designed to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure and better align loss mitigation policies with the mortgage industry has been published in the Federal Register. The rule will become effective on April 24, 2020.

26 Dec 2019

OCC: National Banks and Federal Savings Associations Affected by California Wildfires Allowed to Close

The Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in California at their discretion.

30 Oct 2019

USDA: Proposed Rule – Streamlining the Loss Claims Process

The U.S. Department of Agriculture (USDA) announced that a proposed rule published in the Federal Register is seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry.

23 Aug 2018

HUD Announces Change to Debenture Interest Rates

The U.S. Department of Housing and Urban Development (HUD) announced changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act).

24 Jan 2017

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