Archives For: mortgage servicing
Fannie Mae: Extension of Cost of Funds Index
Fannie Mae issued a notice alerting servicers of an extension of the cost of funds index (COFI) for one additional year.
31 Jul 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
Auction.com: Distressed Market Outlook
Auction.com released its first quarter 2019 Distressed Market Outlook.
25 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: 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
Auction.com: Western U.S. Could See Foreclosure Increase
Auction.com published its 2019 Disposition Client Summit Survey Report. According to its findings, western region U.S. markets are at risk for the highest amount of foreclosure activity in the second half of the year.
1 Jul 2019
Mortgage Industry Calls for Servicing Regulation Uniformity in New York
National Mortgage News published an article discussing a joint letter from the MBA and NYBA that highlights discrepancies in the New York Department of Financial Services’ suggested changes to 3 NYCRR 419. The regulation covers business conduct rules for servicing mortgage loans.
1 Jul 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of relevant updates for servicers.
26 Jun 2019
FHFA: Foreclosure Prevention Report – First Quarter 2019
The Federal Housing Finance Agency (FHFA) issued its first quarter 2019 Foreclosure Prevention Report.
20 Jun 2019
Fannie Mae: SVC-2019-04: Servicing Guide Updates
Fannie Mae issued a release announcing several updates to its Servicing Guide that simplify requirements for release of property requests, clarify investor reporting requirements, and more.
12 Jun 2019