Archives For: mortgage servicers
VA Circular 26-15-16 Change 1 Auction Service for the Termination of VA Loans
The U.S. Department of Veterans Affairs (VA) released a revised version of Circular 26-15-16. The circular extends the rescission date of the basic circular to reflect that the VA continues to authorize mortgage servicers and holders to employ an auction service in lieu of completing a traditional foreclosure sale, where feasible.
14 Jul 2016
CFPB Provides Guidance About Private Mortgage Insurance Cancellation and Termination
The Consumer Financial Protection Bureau (CFPB) issued a press release regarding the Homeowners Protection Act and the cancellation and termination of private mortgage insurance by mortgage servicers.
4 Aug 2015
Oversight of Mortgage Servicers Increased in Hawaii
On June 4, National Mortgage News (The Honolulu Star-Advertiser) released an article discussing Senate Bill 1093, newly enacted by Governor David Ige.
12 Jun 2015
White Paper Released on CFPB Mortgage Servicer Complaints
DS News recently published an article titled Numbers Don’t Lie: Complaints to the CFPB May Not Be What They Seem.
2 Jun 2015
HOPE NOW Planning Loss Mitigation Outreach Events Nationwide in 2015
On April 1, DS News published an article discussing the announcement made by HOPE NOW to host several nationwide outreach events offering loss mitigation options to homeowners facing foreclosure.
3 Apr 2015
Tough Choices for Servicers After Tenant Foreclosure Law Expires
On February 5, National Mortgage News published an article discussing potential issues facing mortgage servicers after the expiration of the federal Protecting of Tenants at Foreclosure Act at the end of 2014.
10 Feb 2015
CFPB Issues Supervisory Compliance Bulletin
On January 27, the Consumer Financial Protection Bureau (CFPB) issued a press release titled CFPB Issues Supervisory Compliance Bulletin.
29 Jan 2015
Freddie Mac Single-Family Update
On August 26, Freddie Mac issued a Single-Family Update pertaining to the new White House SCRA Initiative.
26 Aug 2014
Freddie Mac Requires Servicer Action Due to Termination of DRLS Law Firms
On August 12, Freddie Mac released a notice titled Servicers Required to Take Action Based on Termination of DRLS Law Firms.
12 Aug 2014
Freddie Mac Extends Mortgage Relief to Disaster Impacted Borrowers in Washington
On April 9, Freddie Mac issued an announcement titled Freddie Mac Extends Mortgage Relief to Washington Borrowers Affected by Disasters.
10 Apr 2014