All Client Alerts

Keeping ahead of frequent industry changes is essential for mortgage servicers.  Falling behind is not an option.  Failure to comply with changes in regulations, legislation, guidelines and other issues can be costly and time-consuming. 

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Compliments on NPPC V
December 31st, 2008
COMPLIMENTS FOR NATIONAL P&P CONFERENCE V
NPPC 2008 TOC
December 31st, 2008
NPPC 2008 Table of Contents
HUD ML 2008-43 PFS Program Utilizing the PFS Loss Mit. Option to Assist Families Facing Foreclosure
December 29th, 2008
The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) 2008-43 titled, "Pre-Foreclosure Sale (PFS) Program - Utilizing the PFS Loss Mitigation Option to Assist Families Facing Foreclosure"
Montclair CA VPR Ordinance Reporting Requirements
December 29th, 2008

The Inland Valley Daily Bulletin recently profiled initiatives to be undertaken by the City of Montclair CA in 2009. Included among the initiatives is a new abandoned and vacant property registration and maintenance ordinance with a unique (additional) reporting requirement.

HUD ML 2008-41 Termination of FHASecure
December 26th, 2008
The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) 2008-41 titled, "Termination of FHASecure",
City of Cincinnati Law Suit
December 24th, 2008

Following an initial lawsuit by a non-profit group in Cincinnati and a recent lawsuit in Cleveland, the City of Cincinnati filed a suit of its own. As discussed in the following article in the Cincinnati Enquirer the City is seeking to recoup maintenence expenditures and to halt the sale of 4 REO properties.

Summit County New Foreclosure Fee
December 19th, 2008
Summit County Council adopted and approved Ordinance 2008-394 on September 29, 2008.  It is effective January 1, 2009.
FHLMC December 18th Bulletin
December 18th, 2008
Freddie Mac has released its December 18th Bulletin amending several servicing and selling requirements.        
Ohio SB 277 Nuisance Properties
December 18th, 2008
The Ohio House of Representatives has passed SB 277 and it is expected to be signed shortly by the Governor.
President Elect Obama Residence Chicago IL 60615
December 18th, 2008

Zip code 60615 is the home zip code of President Elect Obama, and has heightened security around the area. Inspectors who covers this area have reported that there are secret service agents stationed at various points in the zip code. 

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