Freddie Mac issued Bulletin 2017-14 (Bulletin), requiring lenders and servicers to temporarily suspend foreclosure activities with respect to borrowers affected by Hurricane Harvey. The temporary requirements announced in the Bulletin apply to Borrowers with mortgaged premises or places of employment impacted by Hurricane Harvey in an eligible disaster area. Pursuant to the Bulletin, lenders and servicers must suspend all foreclosure sales for 90 days (beginning on the date that FEMA declared the area to be an eligible disaster area).
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
