Archives For: servicing
HUD: Mortgagee Letter 2020-27: Extension of Foreclosure and Eviction Moratorium
The U.S Department of Housing and Urban Development (HUD) announced an extension to a foreclosure and eviction moratorium for borrowers with FHA-insured single-family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through December 31, 2020.
27 Aug 2020
Fannie Mae: Reminder of Assistance Options for Borrowers Affected by Hurricane Laura and California Wildfires
Fannie Mae issued a release reminding those impacted by Hurricane Laura and the California Wildfires of available mortgage assistance and disaster relief options.
26 Aug 2020
HUD: California Wildfire Disaster Assistance Announced
The U.S. Department of Housing and Urban Development (HUD) announced that it will deliver federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires.
25 Aug 2020
FHFA: Foreclosure Prevention Report – May 2020
The Federal Housing Finance Agency (FHFA) issued its May 2020 Foreclosure Prevention, Refinance and FPM Report.
18 Aug 2020
HUD: Ben Carson Praises Confirmation of Dana Wade as New FHA Commissioner
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s (FHA) commissioner. Wade previously served as acting federal housing commissioner and assistant secretary for housing from July 2017 to June 2018, where she oversaw over 2,400 employees and implemented enhanced risk management and monitoring of FHA’s $1.3 trillion portfolio.
28 Jul 2020
USDA: Elizabeth Green Named Acting Administrator of Rural Housing Service
U.S. Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand has named Elizabeth Green as acting administrator of Rural Housing Service. Previously, Green served as USDA Rural Development’s state director for Virginia. During her tenure, she led a team of 61 to invest in rural communities across the state.
28 Jul 2020
HUD: FHA INFO #20-50: Updated Servicing and Loss Mitigation Section Draft of the Single Family Housing Policy Handbook
The Federal Housing Administration (FHA) has posted a draft revision of the Servicing and Loss Mitigation section (Section III) of the Single Family Housing Policy Handbook 4000.1 on the Single Family Housing Drafting Table for public review and feedback.
14 Jul 2020
FHFA: Foreclosure Prevention Report – April 2020
The Federal Housing Finance Agency (FHFA) issued its April 2020 Foreclosure Prevention, Refinance and FPM Report.
13 Jul 2020
HUD: FHA INFO #20-47: Enhancements to FHA’s Claims Without Conveyance of Title (CWCOT) Procedures
The U.S. Department of Housing and Urban Development (HUD) announced enhancements to the FHA’s CWCOT procedures, which must be used for all foreclosure sales and any post-foreclosure sales efforts pursued by the mortgagee.
7 Jul 2020
FHFA: Foreclosure Prevention Report – First Quarter 2020
The Federal Housing Finance Agency (FHFA) issued its first quarter 2020 Foreclosure Prevention, Refinance and FPM Report.
23 Jun 2020