Archives For: July 2019
Waters Introduces FHA Foreclosure Prevention Act
Congresswoman Maxine Waters (D-CA) introduced H.R. 3958 (FHA Foreclosure Prevention Act of 2019). The bill aims to make reforms to improve compliance with loss mitigation requirements by FHA mortgage servicers and to prevent foreclosure. A companion measure (S. 2279) has been introduced in the U.S. Senate by Senator Catherine Cortez Masto (D-NV).
25 Jul 2019
FEMA Declared Disaster Texas
FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding that took place June 24-25, 2019.
17 Jul 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates and reminders relevant to servicers.
15 Jul 2019
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry
Fannie Mae issued a press release reminding those impacted by Tropical Storm Barry of available mortgage assistance and disaster relief options.
12 Jul 2019
OCC: National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast 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 at their discretion to close offices affected by severe weather along the Gulf Coast.
12 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates
Freddie Mac issued a release containing updates relating to deed-in-lieu foreclosure insections and subsequent transfer of servicing requirements for mortgages registered with MERS.
12 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-16: Selling Updates
Freddie Mac issued a release containing a simplification of its age of documentation requirements for disasters.
10 Jul 2019
HUD: FHA INFO #19-34: Single Family Housing Policy Handbook 4000.1 Updated
The U.S. Department of Housing and Urban Development (HUD) announced updates to Single Family Housing Policy Handbook 4000.1.
10 Jul 2019
Fannie Mae: SVC-2019-05: Servicing Guide Updates
Fannie Mae issued a release announcing several updates to its Servicing Guide that simplifies its escrow waiver policy, clarifies requirements for compliance with Office of Foreign Assets Control (OFAC) regulations, and more.
10 Jul 2019
FEMA Declared Disaster Oregon
FEMA issued a Presidential Major Disaster Declaration for areas in Oregon affected by severe storms, flooding, landslides and mudslides that took place April 6-21, 2019.
9 Jul 2019