Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals

industry-driven foreclosure relief programs. The Guidance largely follows the July 25, 2016, white paper jointly issued by the U.S. Department of the Treasury (“Treasury”), the U.S. Department of.

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Freddie Mac issued bulletin 2010-26 titled, Foreclosure and Bankruptcy Referrals in Florida. SUBJECT: FORECLOSURE AND BANKRUPTCY REFERRALS IN FLORIDAIn this Single-Family Seller/Servicer Guide (?Guide?) Bulletin, Freddie Mac is announcing that it has terminated its relationship with the Law Offices of David J. Stern, P.A. Freddie Mac had already directed the Law Offices of David J. [.]

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If you need help working out a modification or another way to avoid foreclosure with your loan servicer, consider contacting a foreclosure attorney or a HUD-approved housing counselor. Click here to get more information about the Flex Modification program if you have a Fannie Mae loan. If you have a Freddie Mac loan, go here.

Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Democrats Push for Foreclosure Freeze at Fannie, Freddie Paul Jackson is the former publisher and CEO at HousingWire.

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Therefore, Freddie Mac has added new Guide Section 54.5, Prohibitions Relating to Foreclosure and Bankruptcy Referrals; Freddie Mac Remedies for Non-Compliance, specifically prohibiting Servicers from contracting, or making arrangements, with attorneys or trustees whereby the Servicer (or its affiliate, service provider, vendor or outsourcing.

The Flex Modification Program for Homeowners: What Struggling Borrowers Need to Know .. Fannie Mae and Freddie Mac developed the Flex Modification program. If you qualify for mortgage relief under this program, your monthly payment will go down by around 20%.. Call your mortgage servicer.

ADR Integration Guide – Quandis – Only the Freddie Mac loan number is required when submitting the referral. The ADR system already contains property and loan data which is boarded by FHLMC on a daily basis. It is important the correct loan number is provided at time of referral as the referral is bound based on loan number at time of submission.

Exhibit 57A, Approved Attorney Fees and Title Expenses, provides the maximum allowable amounts Freddie Mac will reimburse Servicers for attorney fees related to foreclosure, deed-in-lieu, and bankruptcy, for all reimbursement claims submitted on or after August 1, 2013.