Freddie Mac issued Guide Bulletin 2016-13 (Bulletin). The Bulletin: provides servicers additional flexibility when filing for relief from the automatic stay of bankruptcy; removes the need to suspend foreclosure proceedings in certain instances upon receipt of a complete Borrower Response Package; eliminates the need to separately track senior subordinate mortgages and allows more flexibility in their transfer; provides greater clarity on expectations for property valuations when evaluating borrowers for certain loss mitigation options; and amends requirements with respect to obtaining Freddie Mac’s prior approval before starting or intervening in certain legal actions or strategies.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
