Alerts

Industry Update February 20, 2020 Source: The White House Today, President Donald J. Trump announced his intent to nominate the following individual to a key position in his Administration: Dana T. Wade of the District of Columbia, to be the Assistant Secretary for Housing, Federal Housing Commissioner. Mrs. Wade was previously...

Updated 2/17/20: The Weather Channel issued a report detailing river flooding in Jackson, Miss., that has led to home damage. Mississippi Flooding Continues As Pearl River Nears Crest; Dozens of Homes Already Damaged Additional Resources: Mississippi Emergency Management Agency (MEMA): Governor Reeves Issues State of Emergency MEMA: Preliminary Damage Report for Feb. 10-14...

Investor Update February, 14 2020 Source: VA Important Information Circular 26-20-2 – Special Relief Following Puerto Rico Earthquakes, was issued on January 23, 2020. The Federal Emergency Management Agency’s declared disaster counties are: Adjuntas, Arecibo, Cabo Rojo, Ciales, Corozal, Guanica, Guayanilla, Hormigueros, Jayuya, Juan Diaz Lajas, Lares, Las Marias, Maricao, Mayaguez,...

Updated 2/12/20: Fannie Mae issued a Selling Notice announcing updates to its list of Approved Mortgage Insurance Forms to include state-required variation endorsements. Selling Notice 2/12/20 Investor Update November 20, 2019 Source: Fannie Mae Under the oversight of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have worked with approved mortgage insurers to...

Investor Update February 12, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Prorated attorney fees and foreclosure milestone invoicing*: We updated the foreclosure milestone schedule and eliminated prorated fee requirements. ▪ Delinquency exception reporting *: We clarified when delinquency status exception reports will be made...

Industry Update February 11, 2020 Source: MBA WASHINGTON, D.C. (February 11, 2020) – The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according to the Mortgage Bankers Association’s...

Investor Update February 3, 2020 Source: FHFA ​​Washington, D.C.  – Today, the Federal Housing Finance Agency (FHFA) selected Houlihan Lokey Capital, Inc. (Houlihan Lokey) as a financial advisor to assist in the development and implementation of a roadmap to responsibly end the conservatorships of Fannie Mae and Freddie Mac (the...

Investor Update February 3, 2020 Source: FHFA October 2019 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 9,082 foreclosure prevention actions in October, bringing the total to 4,390,118 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan...

Investor Update January 31, 2020 Source: FHFA ​​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. The updated minimum financial requirements will further strengthen the Enterprises’ Seller/Servicer requirements and provide transparency and consistency of capital and...

Industry Update January 30, 2020 Source: CFPB Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced additions to its executive team. The leadership positions are: Susan M. Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the...