Archives For: Investor Update
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
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
MHA: Martin Luther King, Jr. Holiday Support and System Availability
MHA issued an update outlining system availability and support during the Martin Luther King, Jr. holiday.
12 Jan 2021
Fannie Mae: 2020 Year in Review
Fannie Mae issued a release reviewing all Servicing Guide updates, all Selling Guide updates and Lender Letters from last year.
6 Jan 2021
FHA INFO #20-95: FHA Extends the Expiration Dates for Multiple COVID-19 Related Policies
The Federal Housing Administration (FHA) announced extensions to several temporary provisions previously
instituted through Mortgagee Letters and policy waivers to help mitigate the impacts of the COVID-19 pandemic on borrowers with FHA-insured mortgages and mortgagees.
21 Dec 2020
FHA INFO #20-94: FHA Catalyst: Claims Module Now Accepting All FHA Forward Mortgage Claim Types
The U.S. Department of Housing and Urban Development (HUD) announced the addition of the remaining single family forward mortgage claim types within the FHA Catalyst Claims Module.
16 Dec 2020
Fannie Mae: December AAA Matrix Updates
Fannie Mae announced that all AAA matrices have been updated as of December 16, 2020.
16 Dec 2020
MHA: End of Year 2020 HAMP Reporting System Availability
MHA issued a release reminding users that the standard hours of operation for the HAMP Reporting System will be adjusted for end of year 2020.
14 Dec 2020
HUD: FHA INFO #20-92: Wire Transfers for Secretary-Held HECMs and Partial Claims
The U.S. Department of Housing and Urban Development (HUD) announced that all payoffs for secretary-held HECMs and partial claims must be sent to its loan servicing contractor, Novad Management Consulting, in the form of certified funds, such as a cashier’s check.
9 Dec 2020
Freddie Mac: FHLMC Guide Bulletin 2020-46: Servicing Updates
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, updates to requirements for borrower-requested cancellation of borrower-paid mortgage insurance, Decision Insights for short sale exceptions, updates to Automated Clearing House authorization forms and more.
9 Dec 2020