Archives For: mortgage servicing
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued several updates relevant to servicers. Included is an announcement for upcoming scheduled system maintenance and the availability of new reviewable Bulk Upload Templates.
23 Jan 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing important updates for servicers. Included is information relating to appeals, unassigned loans, consent judgement (Illinois) and more.
16 Jan 2020
Fannie Mae: AAA Matrix Update – January 2020
Fannie Mae announced that all AAA matrices have been updated effective January 15, 2020. The announcement reflects a detailed list of updates made by jurisdiction.
15 Jan 2020
FHFA: Foreclosure Prevention Report – Third Quarter 2019
The Federal Housing Finance Agency (FHFA) issued its third quarter 2019 Foreclosure Prevention Report.
9 Jan 2020
Freddie Mac: Taxpayer First Act and Use of Tax Return Information
Freddie Mac issued a release highlighting information made available by the Internal Revenue Service (IRS) that helps clarify the application of Section 2202 of the Taxpayer First Act.
20 Dec 2019
Fannie Mae: Selling and Servicing Notice
Fannie Mae confirmed an Internal Revenue Service (IRS) post clarifying that Section 2202 of the Taxpayer First Act is effective only for disclosures made by the IRS with the taxpayer’s consent after Dec. 28, 2019, and any subsequent redisclosures and uses of such information.
19 Dec 2019
Fannie Mae: Servicer Expense Reimbursement Job Aid Now Available
On December 18, Fannie Mae announced the availability of job aid relating to its ability to copy and resubmit claims on behalf of servicers, a new “Not Yet Recovered” drop-down option, HOA, COA & Co-Op dues, and property/insurance policies.
18 Dec 2019
Fannie Mae: LoanSphere Invoicing Line Item Updates
Fannie Mae announced that effective February 27, 2020, the LoanSphere Invoicing application will be updated with a new line item for the following reimbursable expense: “Initial Grass Cut – Less than 10,000 sq ft”. Additionally, the “Lawn Care – Less than 10000 sq ft” line item will be deactivated.
18 Dec 2019
Fannie Mae: SVC-2019-08: Servicing Guide Announcements
Fannie Mae announced a number of updates relevant to sellers/servicers. Included is the introduction of a payment shortage tolerance that authorizes a servicer to accept a mortgage loan payment that is deficient by $50 or less for up to three monthly payments during a 12 month period.
11 Dec 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing important information relating to VALERI reports and servicer department contacts.
10 Dec 2019