Author: Alert team

But expect one last rate cut November 18, 2019, 1:37 pm By Kelsey Ramírez Housing could fuel economic growth for the first part of 2020, a new economic outlook from Fannie Mae shows. Fannie Mae upgraded its economic outlook to a gross domestic product growth of 1.9% in 2020, according to its...

Industry Update November 11, 2019 Source: Auction.com Share of REO Auctions with Competing Bidders Rises to Highest Level in Last Seven Quarters Three out of four bank-owned properties that sold at online auction in Q3 2019 attracted competing bids from at least two unique bidders, according to an analysis of...

Investor Update November 8, 2019  Source: HUD —There is no charge for training courses and webinars offered by the Federal Housing Administration — Webinar Title: NEW FHA Quality Assurance Update Date/Time: Wednesday, November 20, 2019, 2:00 PM to 3:00 PM (Eastern) Event Location: On-line Webinar – No Fee Jurisdictional Host:Office of Lender Activities and Program Compliance Registration...

Investor Update November 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Tropical Storm Imelda and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s guidance on natural disasters to...

Investor Update November 6, 2019 Source: Fannie Mae The Taxpayer First Act was signed into law on July 1, 2019. It includes a provision that persons receiving return information must obtain the express permission of taxpayers prior to disclosing that return information to any other person. “Tax return information”...

Investor Update November 6, 2019 Source: Fannie Mae The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan...

Investor Update November 6, 2019 Source: Freddie Mac This notice is being provided as a courtesy to our clients. The Taxpayer First Act, signed into law on July 1, 2019, includes a provision that persons receiving tax return information must obtain the express permission of taxpayers prior to disclosing it to...

Investor Update October 31, 2019 Source: VA IMPORTANT INFORMATION Circular 26-19-24, Change 2 – Servicer Loss Mitigation Letters on Delinquent Loans, was issued on September 25, 2019, and is located at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Circular 26-19-27 – Special Relief Following Hurricane Dorian, was issued on October 9, 2019, and is located at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Circular 26-19-25, Change 1 – Transition...

Investor Update October 30, 2019 Source: Fannie Mae We are providing advance notice to servicers that effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions Network (HSSN). As a part of Simplifying Servicing™, HSSN functionality is being transitioned to Fannie...

Investor Update October 24, 2019 Source: HUD Additional Resource: FHA Single Family Housing Policy Library (Handbook 4.000.1 Transmittal 10/24/19) Today, the Federal Housing Administration (FHA) published the quarterly update to its Single Family Housing Policy Handbook 4000.1 (SF Handbook). This publication updates and clarifies FHA’s servicing and claims policies, and includes additional updates to...