Servicing Guide Announcement SVC -2016-08 (9.14.16)
Servicer Expense Reimbursement Job Aid (8.24.16)
Servicing Guide Announcement SVC-2016-07 (8.17.16)
Servicing Guide Announcement SVC-2016-06 (7.13.16)
Principal Reduction Modification Servicer FAQ's (6.22.16)
Servicing Guide Announcement SVC-2016-05 (6.8.16)
Servicing Guide Announcement SVC-2016-04 (5.11.16)
Foreclosure Time Frames (3.16.16)
Allowable Foreclosure Attorney Fees Exhibit (2.10.16)
Allowable Bankruptcy Attorney Fees Exhibit (12.16.15)
Retained Attorney Network Listing (For historical reference ONLY - RAN discontinued in 2013)
Servicing Bulletin 2016-9 (5.18.16)
Updated Freddie Mac State Foreclosure Time Lines 08.15 (9.3.15)
Exhibit 57A- Approved Attorney Fees & Title Expenses (3.2.16)
Expense Reimbursement Desk Reference (3.2016)
Designated Counsel Listing (For historical reference ONLY - DC discontinued in 2013)
HUD - Department of Housing and Urban Development
Mortgagee Letter 2016-10 - contains information on the Home Equity Conversion Mortgage Program (7.13.16)
Mortgagee Letter 2016-03 - contains Attorney Allowable Fees & Foreclosure Time Frames as of (1.1.16)
Loss Mitigation Policy & Guidance
Loss Mitigation Services for FHA Homeowners
VA - Department of Veterans Affairs
VALERI Servicer Newsflash (9.9.16)
VALERI Special Announcement (8.13.16)
VALERI Special Announcement (6.10.16)
VALERI Special Announcement (5.17.16)
VA Allowable Attorney Fees and Preferred Foreclosure Method (8.31.15)
VA Maximum Allowable Attorney Fees (7.31.15)
This document includes the Federal Register announcement by the Department of Veterans Affairs, raising allowable attorney fees for their work in the single family guarantee program. These new fees become effecting on August 31, 2015 unless there is some objection to the Notice, which is highly unlikely.
The fees are quite similar to the Fannie Mae fees so this represents a good increase for our member firms. USFN has made efforts over the past 6 months to achieve this increase so we are pleased to see it come to fruition. Ideally, an annual review and alignment would happen but with all the political goings-on in DC, not sure if that’s achievable. We continue to work for regular reviews by all agencies and GSEs.
Also, please be aware that there were a couple of errors in the allowable fees schedule which are corrected by the following VALERI notification:
On July 31, 2015, the Federal Register announced the Department of Veterans Affairs (VA) Maximum Allowable Attorney Fees.
VA Central Office has identified errors within the notification:
• The District of Columbia Judicial Foreclosure shows N/A; however, should reflect an allowable amount of $2300.
• The Oregon Judicial Foreclosure shows N/A; however, should reflect an allowable amount of $2600.
• The last sentence in the first paragraph under Supplementary Information should read, “Paragraph (b)(5)(ii) of section 36.4314 describes the procedures to be followed in determining what constitutes the reasonable and customary fees for legal services in the termination of a loan”.
• The second sentence in foot note 2 should read, “For additional requests for relief filed under each bankruptcy chapter, VA will allow an additional $250”.
The revisions will be reflected in a future correction to the Federal Register.