Archives For: mortgage servicing
VA: Circular 26-19-27: Special Relief Following Hurricane Dorian
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide relief.
8 Oct 2019
VA: VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) issued a release outlining an upcoming system deployment scheduled to begin on Friday, September 27, 2019.
26 Sep 2019
VA: Circular 26-19-24: Servicer Loss Mitigation Letters on Delinquent Loans
The U.S. Department of Veterans Affairs (VA) issued Circular 26-19-24 – Change 2.
25 Sep 2019
Fannie Mae: SVC-2019-06: Servicing Guide Updates
Fannie Mae issued a release announcing several updates to its Servicing Guide. Included are changes to maximum allowable foreclosure and bankruptcy attorney fees.
11 Sep 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates relevant to servicers.
9 Sep 2019
Fannie Mae: Hurricane Dorian Assistance Options Reminder
Fannie Mae issued a news release reminding those impacted by Hurricane Dorian of available mortgage assistance and disaster relief options.
29 Aug 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates relevant to servicers. Included is a reminder when reporting the Electronic Default Notice (EDN) Event on loans less than 61 days delinquent and State Foreclosure Process matrix typographical error corrections.
27 Aug 2019
Fannie Mae: Lender Letter LL-2019-07: Advance Notice of Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans
Fannie Mae issued a release providing advance notification to servicers of changes that will simplify and streamline the cash remittance and reconciliation process.
14 Aug 2019
VA: Circular 26-19-22: Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs)
The U.S. Department of Veterans Affairs (VA) issued a release that aims to consolidate and clarify guidance regarding how section 309 of Public Law 115-174, the Economic Growth, Regulatory Relief and Consumer Protection Act, affects IRRRLs.
8 Aug 2019
Fannie Mae: MI Termination in SMDU Starting Soon
Fannie Mae reminded servicers that borrower-initiated mortgage insurance (MI) termination must be processed in the Servicer Management Default Underwriter (SMDU) for both Original Value and Current Value beginning on September 1, 2019.
7 Aug 2019