Freddie Mac issued Bulletin 2016-5 (Bulletin). This Bulletin: permits a mortgage subject to an indemnification agreement to be eligible for a mortgage modification; revises state foreclosure timelines; ends the temporary suspension of the assessment and billing of state foreclosure timeline compensatory fees in certain states; sets forth additional circumstances in which it may be in Freddie Mac’s best interest to waive the right to collect a deficiency REO; revises requirements outlining when servicers must pay real estate taxes and homeowners association, planned unit development and condominium dues during the REO holding period; updates rollback requirements to be consistent with the Freddie Mac Single-Family News Center article dated January 25, 2016; and provides additional detail regarding REO expense reimbursement requirements following completion of a deed-in-lieu of foreclosure.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
