Archives For: final rule
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 Bulletin 2019-60: Other Real Estate Owned: Final Rule
The Office of the Comptroller of the Currency (OCC) issued a release outlining a recently published final rule associated with other real estate owned (OREO) activities for national banks and federal savings associations.
26 Nov 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
CFPB: Final Rule to Help Mortgage Servicers Communicate with Certain Borrowers Facing Bankruptcy Issued
The Consumer Financial Protection Bureau (CFPB) issued a press release outlining a new final rule that will take effect on April 18, 2018.
8 Mar 2018
HUD: FHA INFO #17-40: HECM: FHA Systems Updates for September 18th Release
The U.S. Department of Housing and Urban Development (HUD) released single family housing and news updates in FHA INFO #17-40.
13 Sep 2017
HUD: Mortgagee Letter 2017-11: Implementation of HUD?s January 2017 Home Equity Conversion Mortgage (HECM) Final Rule
The U.S. Department of Housing and Urban Development (HUD) issued a release highlighting requirements specifically related to servicing functions that were published in the January 2017 Home Equity Conversion Mortgage (HECM) Final Rule.
24 Aug 2017
HUD Issues Rule for ARM Notifications Requirements
On August 26, the U.S. Department of Housing and Urban Development (HUD) issued a final rule titled, Adjustable Rate Mortgage Notification Requirements and Look-Back Period for FHA-Insured Single Family Mortgages.
5 Sep 2014
HUD Issues Rule for Handling Prepayments
On August 26, the U.S. Department of Housing and Urban Development (HUD) issued a final rule titled, Handling Prepayments: Eliminating Post-Payment Interest Charges.
5 Sep 2014