Archives For: Industry Alert
Fannie Mae: SVC-2021-01: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to incorporate LL-2020-13 (extends automatic reclassification triggers from four to 24 months for most delinquent MBS mortgage loans), and eliminate the requirement for reporting a delinquency status code for a disaster payment deferral if the mortgage loan is brought current. Updated policies on remote online notarizations for the purpose of servicing or modifying a mortgage loan also have been included.
20 Jan 2021
CFPB Director Kathy Kraninger Resigns
HousingWire published an article outlining the resignation of Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger.
20 Jan 2021
Biden Issues Executive Order on Foreclosures
DS News published an article discussing an executive order issued by President Joe Biden calling for the extension of foreclosure and eviction bans through at least the end of March 2021.
20 Jan 2021
FHFA: Foreclosure and REO Eviction Moratorium Extended
The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions until February 28, 2021.
19 Jan 2021
Grand Island Officials Consider Creating ‘Land Bank’
The Grand Island Independent issued a report outlining the current consideration of Grand Island, Neb., to create its own land bank.
19 Jan 2021
Biden Nominates Rohit Chopra to Head CFPB
HousingWire published an article highlighting the nomination of Rohit Chopra by President-elect Joe Biden as the next director of the Consumer Financial Protection Bureau (CFPB).
18 Jan 2021
FEMA Declared Disaster Colorado Wildfires
FEMA issued a Presidential Major Disaster Declaration for areas in Colorado affected by wildfires that took place September 6 to November 5, 2020.
15 Jan 2021
HUD Face-to-Face: Is it a Condition Precedent?
DS News published an article authored by McCalla Raymer Leibert Pierce, LLC Partner Charles P. Gufford. In it, Gufford reviews two recent Florida Fourth District Court of Appeals cases related to the HUD Face-to-Face Provision.
15 Jan 2021
OCC: Blake Paulson to Become Acting Comptroller of the Currency
Acting Comptroller of the Currency Brian P. Brooks has announced that he will step down on January 14. In accordance with the United States Code, Chief Operating Officer Blake Paulson will assume the role immediately.
14 Jan 2021
Remnants of Hurricane Sally Head Offshore Into Atlantic
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Sally from September 14 to October 9, 2020.
13 Jan 2021