Investor Update October 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide...
Investor Update October 9, 2019 Source: Fannie Mae At varying times in 2017 and 2018, for both forward mortgage loans and reverse mortgage loans, we accepted responsibility for the payment of property taxes, HOA...
Investor Update October 9, 2019 Source: Freddie Mac In Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-21, we’re extending the implementation of Servicing Gateway and the mandatory adoption of the Servicing Data Corrections tool to December 9, 2019. The...
Industry Update October 3, 2019 Source: CFPB WASHINGTON, D.C. – Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC),...
Legislation Update October 1, 2019 Source: Connecticut General Assembly Additional Resource: Patch (Oct. 1 Means New Laws, Taxes In CT: Here’s The Full List) PA 19-192–sHB 7179 AN ACT CONCERNING CRUMBLING CONCRETE FOUNDATIONS. To (1) require the Commissioner of...
Industry Update September 25, 2019 Source: CFPB WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced the following additions to its executive team: Desmond Brown will serve as the Deputy Associate Director for the Consumer...
Updated 9/25/19: The VA issued Circular 26-19-24 – Change 2. Circular 26-19-24 – Change 2 (full circular) Updated 9/9/19: The VA issued Circular 26-19-24 – Change 1. Circular 26-19-24 – Change 1 (full circular) Investor Update August 19, 2019 Source: VA 1....
Investor Update September 25, 2019 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2019 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises)...
Hurricane Dorian poised to slam the Carolinas after scraping the coasts of Florida and Georgia Hurricane Dorian early Wednesday morning. (NOAA) By Jason Samenow and Andrew Freedman September 4 at 11:17 AM South Carolina and North Carolina...
Emergencies Declared in Georgia and Carolinas as Hurricane Dorian's Track Shifts By Sean Breslin 2 days ago weather.com Florida Feels the Effects as Deadly Dorian Inches Closer Tropical-storm-force winds hammered part of the Sunshine State, as...
FEMA Declared Disaster Wisconsin FEMA Alert August 27, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Wisconsin affected by severe storms, tornadoes, straight-line winds and flooding that took place July...
FEMA Declared Disaster Louisiana FEMA Alert August 27, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Barry from July 10-15, 2019. The following parishes are eligible for...
HUD: FHA INFO #19-46: FHA Strengthens Permanent Disaster Loss Mitigation Options Investor Update August 29, 2019 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2019-14, Updates to FHA’s Loss Mitigation Options for Borrowers...
Freddie Mac Confirms Disaster Relief Policies As Hurricane Dorian Approaches Investor Update August 29, 2019 Source: Freddie Mac MCLEAN, Va., Aug. 29, 2019 (GLOBE NEWSWIRE) — Freddie Mac(OTCQB: FMCC) today reminded mortgage servicers of its disaster...
Fannie Mae: Hurricane Dorian Assistance Options Reminder Investor Update August 29, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Hurricane Dorian of available mortgage assistance and disaster relief...
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Dorian in Southeast United States to Close Investor Update August 30, 2019 Source: OCC WASHINGTON—The Office of the Comptroller of the Currency (OCC) today...
FEMA Declared Disaster Mississippi FEMA Alert Update August 22, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding...
VA: Circular 26-19-24: Servicer Loss Mitigation Letters on Delinquent Loans Investor Update August 19, 2019 Source: VA 1. Purpose. This Circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department...
Freddie Mac: FHLMC Guide Bulletin 2019-18: Servicing Updates Investor Update August 14, 2019 Source: Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-18 announces servicing updates that will provide you with greater flexibility and opportunities for operational...
Fannie Mae: Lender Letter LL-2019-07: Advance Notice of Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans Investor Update August 14, 2019 Source: Fannie Mae This Lender Letter provides advance notification to servicers...
FEMA Declared Disaster Oklahoma FEMA Alert Update August 13, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe storms, straight-line winds, tornadoes and flooding...
FEMA Declared Disaster Nebraska FEMA Alert Update August 13, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nebraska affected by a severe winter storm, straight-line winds and...
Source: Wall Street Journal By Harriet Torry Updated Aug. 13, 2019 3:21 pm ET U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak One factor could be homeowners tapping into home equity for cash when they...
MBA: Mortgage Delinquencies Rise in Second Quarter Source: MBA NewsLink August 14, 2019 Mortgage delinquencies rose in the second quarter as the economy showed signs of slowing, putting more homeowners at risk, the...
HUD: FHA INFO #19-40: Training Opportunities Investor Update August 9, 2019 Source: HUD Webinar Title: NEW FHA Quality Assurance Update Date/Time: Wednesday, August 21, 2019, 2:00 PM to 3:00 PM (Eastern) Event Location: Online Webinar – No...
VA: Circular 26-19-22: Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs) Investor Update August 8, 2019 Source: VA 1. Purpose. The purpose of this Circular is to consolidate and clarify...
Fannie Mae: MI Termination in SMDU Starting Soon Investor Update August 7, 2019 Source: Fannie Mae Frequently Asked Questions Updated policy requirements for the borrower-initiated termination of conventional mortgage insurance (MI) simplifies the process of evaluating...
FEMA Declared Disaster West Virginia FEMA Alert August 3, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms, flooding, landslides and mudslides that took place...
FEMA Declared Disaster Kansas FEMA Alert Update August 5, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kansas affected by severe storms, straight-line winds, tornadoes, flooding, landslides...
FEMA Declared Disaster Missouri FEMA Alert Update August 16, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Missouri affected by severe storms, straight-line winds and flooding that...
VA: VALERI Special Announcement Investor Update August 1, 2019 Source: VA The Adequacy of Servicing (AOS) process will be deployed on the evening of August 1, 2019. When a loan becomes delinquent and the servicer...
FEMA Declared Disaster West Virginia FEMA Alert August 3, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms, flooding, landslides and mudslides that took place...
FEMA has released Planning Considerations: Evacuation and Shelter-in-Place: Guidance for State, Local, Tribal, and Territorial Partners today. The document draws upon the collective experience of those partners to provide relevant...
Tropical Storm Erick Approaching Hawaii, Flossie Following Updated 8/6/2019 https://www.staradvertiser.com/2019/08/05/breaking-news/tropical-depression-flossie-nears-hawaiian-islands/ Updated 8/6/2019: AccuWeather published a report offering updated trajectory and forecast information relating to Tropical Storm Flossie. http://www.accuweather.com/en/weather-news/flossie-to-track-over-or-very-close-to-hawaii-early-this-week/70008966 Updated 7/30/19: AccuWeather published a report offering updated trajectory...
Freddie Mac: Enhancing Online Navigation with Cowbrowse Investor Update July 19, 2019 Source: Freddie Mac We’re continuously investing in ways to improve your experience with Freddie Mac. Reducing the amount of time it takes to...
Is a Recession on the Way? Industry Update July 25, 2019 Source: DS News According to experts, the next recession is on its way, and could begin next year. According to the Zillow Home Price Expectations...
FEMA Releases 2019 National Threat and Hazard Identification and Risk Assessment The Federal Emergency Management Agency today released the latest National Threat and Hazard Identification and Risk Assessment (THIRA). The National...
FEMA Declared Disaster Iowa FEMA Alert Update July 19, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms and flooding that took place...
6,427 viewsJul 24, 2019, 12:15pm Wall Street Ready To Close Deals As Mortgages Go Digital Source: MergermarketContributor Markets By Yizhu Wang, with analytics by Philip Segal Getting a mortgage is often a hassle for borrowers as...
Black Knight June ‘First Look' Sees Calendar-Driven Spike in Delinquencies MBA NewsLink Staff July 23, 2019 Black Knight, Jacksonville, Fla., issued its June ‘First Look' Mortgage Monitor, noting a seasonal quirk resulted in a...
As Trade Uncertainty Drags on Growth, Strong Consumer Demand Backstops Slowing U.S. Economy Housing Remains a Bright Spot, But Supply and Affordability Problems Persist Matthew Classick 202-752-3662 WASHINGTON, DC – The Fannie...
HUD No. 19-105 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday July 18, 2019 HUD AWARDS $4.8 MILLION TO HELP LOW-INCOME VETERANS REHABILITATE THEIR HOMES WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and...
Analyzing Hurricane Barry’s Impact on Housing source: Daily Dose New data indicates that Hurricane Barry caused between $500 Million and $900 million in flood and wind losses. According to CoreLogic, flood loss for residential...
Auction.com: Western U.S. Could See Foreclosure Increase Industry Update July 1, 2019 Source: Auction.com Additional Resource: DS News (Foreclosures in Western U.S. a Cause for Concern) High-level findings from the survey: • 80 percent of respondents expect only slight...
Home / Daily Dose / Hurricane Barry Property Damage Hits $500M Print This Post Hurricane Barry Property Damage Hits $500M in Daily Dose, Featured, Government, Loss Mitigation, News 4 hours ago New data indicates that Hurricane Barry caused between $500 Million and $900 million...
FEMA Declared Disaster Ohio FEMA Alert Update July 17, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Ohio affected by severe storms, straight-line winds, tornadoes, flooding, landslides...
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates Investor Update July 12, 2019 Source: Freddie Mac We’re making changes to simplify servicing mortgages for Freddie Mac. Today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-12 announces updates related to: ...
OCC: National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast Allowed to Close Investor Update July 12, 2019 Source: OCC WASHINGTON — The Office of the Comptroller of the Currency...
VA: VALERI Servicer Newsflash Investor Update July 15, 2019 Source: VA IMPORTANT INFORMATION Servicer Recorded Training – The recorded May 2019 servicer training is now available and is located under the Servicer Access to VALERI section on...
Freddie Mac: REO Reimagined is Here Investor Update July 15, 2019 Source: Freddie Mac Today, we are relieving Servicers of most post-foreclosure responsibilities for real estate owned (REO) properties in response to client feedback. Under...
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available...
FEMA Declared Disaster Oklahoma FEMA Alert July 12, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding that took place April...
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available...
TO: Freddie Mac Sellers July 10, 2019 | 2019-16 SUBJECT: SELLING UPDATES This Guide Bulletin announces: Home Possible® Mortgages Changes to the income limits related to Home Possible Mortgages, including: ➢ ...
July 10, 2019 Servicing Guide Updates The Servicing Guide has been updated to include changes or clarifications related to the following: Escrow Waiver Requirements* Compliance with Office of Foreign Assets Control...
Investor Update June 12, 2019 Source: Fannie Mae This Servicing Guide Announcement includes information related to the following: Simplification of Partial Releases* Miscellaneous Revisions* Reminder of Fannie Mae Extend Modification for Disaster Relief *Policy...
Veterans Benefits Administration - Circular 26-14-9 Department of Veterans Affairs Washington, D.C. 20420 March 26, 2014 VA Loan Full File Loan Review - File Upload Stacking Order 1. Purpose. This Circular announces the Department of...