Archives For: servicing
CFPB Expands Foreclosure Protections
The Consumer Financial Protection Bureau (CFPB) issued a press release announcing finalized measures that will establish new protections for consumers.
4 Aug 2016
Freddie Mac: New Support for the Principal Reduction Modification
Freddie Mac issued a release announcing a new, temporary principal reduction web page that has been created to help servicers with borrower inquiries.
4 Aug 2016
Fannie Mae Single Family Servicing News: Evaluation Notice Model Clauses and Streamlined Modification Solicitation Letters Updated
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
3 Aug 2016
CFPB Outlines Guiding Principles for the Future of Foreclosure Prevention
The Consumer Financial Protection Bureau (CFPB) issued a press release outlining consumer protection principles for mortgage servicers, investors, government housing agencies and policymakers as they develop new foreclosure relief solutions.
2 Aug 2016
Fannie Mae: Servicer Expense Reimbursement Notification of Updates to LoanSphere Invoicing
Fannie Mae issued a release note illustrating how to read line level comments and how to attach an invoice when submitting a claim for expense reimbursement in the LoanSphere invoicing system.
17 Jul 2016
VA Servicer Handbook M26-4 Property Preservation Requirements and Fees Update
On July 1, the VA issued an announcement containing updates to Servicer Handbook M26-4. Specifically, a change has been made to Appendix H: Property Preservation Requirements and Fees. According to the updated appendix, properties that have been determined by the loan servicer to require boarding may now utilize polycarbonate/clearboard for windows, doors and other openings (french doors and sliding doors).
14 Jul 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
Freddie Mac: Requirements Once You’ve Established a Custodial Account
Freddie Mac issued instructions for submitting a completed lender agreement.
5 Jul 2016
More Modifications Focusing on Sustainability
DS News published an article discussing findings from the Office of the Comptroller of the Currency’s (OCC) recent 2016 Q1 Mortgage Metrics Report.
5 Jul 2016
Servicers Must Get Current on Flood Insurance Requirements
National Mortgage News published an article exploring Minimum Flood Insurance Requirements (MFIR).
1 Jul 2016