NMSRD Links

31st edition

 

If you are still using a printed NMSRD, be advised that it is NOT current. The latest edition (the 31st) is 100% digital, which allows for continual updating. The online NMSRD was first released on February 9, 2010, and is accessible by online subscription only. Please visit our NMSRD page for information on ordering a new (or renewing an expired) subscription.

 

NMSRD Table of Contents

  

 

SCRA (Ch 7) | Fannie Mae (Ch 8) | Freddie Mac (Ch 9) | HUD (Ch 10) | USDA (Ch 11) |

VA (Ch 12) | PMI (Ch 13)

 

CHAPTER 7 - SCRA:  Servicemembers Civil Relief Act

  

Online Military Service Verification (available to the public - no password required)

 

OCC Bulletin 2012 -37 (11/19/12) SCRA: Extension of Time Period for Certain Protections

 

Freddie Mac Military Relief Option for Servicemembers

 

Interagency Guidance on Mortgage Servicing Practices Concerning Military Homeowners with Permanent Change of Station Orders (June 21, 2012)

 

U.S. Government Accountability Office's Report to Congressional Committees (January 2014): "Servicemembers Civil Relief Act: Information on Mortgage Protections and Related Education Efforts" (GAO-14-221)

 

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CHAPTER 8 - FANNIE MAE

HAMP and HAFA

Lender Letter LL-2014-07 (11/17/14) -- Updates to Compensatory Fees for Delays in the Liquidation Process, Foreclosure Time Frames and Allowable Foreclosure Attorney Fees

Changes of two servicing guide exhibits:

FHFA News Release: New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac (8/21/12)


Announcement SVC-2013-25 (12/11/13) -- Bankruptcy and Foreclosure Attorney Fees and Other Reimbursable Expenses

Announcement SVC-2012-22 (11/09/12) --Default-Related Legal Services

Announcement SVC-2012-19 (8/22/12) -- Standard Short Sale/HAFA II and Deed-in-Lieu of Foreclosure Requirements FAQs (12/11/12)

 

Announcement SVC-2012-02 (1/11/12) re Attorney Fee Updates (including increases in foreclosure attorney fees for Hawaii, Iowa, Kentucky, Lousiana, New Mexico, North Dakota, Oklahoma, South Dakota, and Wisconsin)

 

Announcement SVC-2012-12 (7/25/12) re Attorney Fee Updates for 39 states

 

Announcement SVC-2012-23 (11/21/12) re Change in Maximum Allowable Attorney Fees for 9 states

 

Announcement SVC-2012-26 (12/12/12) re Change in Maximum allowable Attorney Fees for Idaho, Montana, New Hampshire, Puerto Rico, Virgin Islands, and Wyoming

 

Announcement SVC-2013-25 (12/11/13) re Bankruptcy and Foreclosure Attorney Fees and Other Reimbursable Expenses with increases to New York and Washington

 

Servicing Notice dated 7/30/14 re increases in DC and Pennsylvania

 

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 CHAPTER 9 - FREDDIE MAC

HAMP and HAFA

Freddie Mac State Foreclosure Time Lines, navigate to Exhibit 83 in the Single Family Seller/Servicer Guide, Volume 2 (free access via AllRegs).

 

PURSUANT TO BULLETIN 2014-19 (11/14/14), STATE FORECLOSURE TIMELINES IN 45 OF THE 55 JURISDICTIONS LISTED IN FREDDIE MAC'S SINGLE-FAMILY SELLER/SERVICER GUIDE EXHIBIT 83 HAVE BEEN INCREASED. REVIEW EXHIBIT 83 IN ITS ENTIRETY FOR THE REVISED REQUIREMENTS, EFFECTIVE FOR ALL FORECLOSURE SALES COMPLETED ON OR AFTER NOVEMBER 1, 2014.


FHFA News Release: New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac (8/21/12)

Freddie Mac News Update (11/28/12) -- New webpage to help navigate selecting and managing law firms. Has training opportunities, fact sheet, FAQs, and links to the current DCP law firms.

Freddie Mac Bulletin 2013-22 (10/18/13) -- Property preservation and reimbursement for abandoned properties and updated foreclosure requirements

Freddie Mac Bulletin 2013-17 (9/16/13) -- Increases state foreclosure time lines in Nevada, New Mexico, and Washington by 30 days.

Freddie Mac Bulletin 2013-15 (8/15/13) -- Disaster Relief Modification, New Guide Chapter A66 Provisions for Expediting Freddie Mac Default Legal Matters, requirements for servicemembers, and Attorneys Fees (effective 9/1/13).

Freddie Mac Bulletin 2013-9 (5/28/13) -- Extension of Mandatory Adoption Date for Certain Servicer Law Firm Selection and Retention Requirements.

Freddie Mac Bulletin 2013-6 (4/15/13) -- Addresses updated Attorneys Fees (effective 6/1/13) for foreclosure, deed-in-lieu, and bankruptcy.

Freddie Mac Bulletin 2012-25 (11/09/12) -- Servicer Selection, Retention and Management of Law Firms

Freddie Mac Bulletin 2012-16 (8/21/12) -- Introduction of the Freddie Mac Standard Short Sale/HAFA II Short Sale as well as information on HAMP, HAFA, and an increease in Oregon's attorney fee limit for foreclosure referrals procedding judicially.

 

Home Affordable Modification Program

Homeowner Affordability and Stability Plan

 

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CHAPTER 10 - HUD Insured Loans

 

HUD's Mortgagee Letters

 

Mortgagee Letter 2013-13 (10/28/13) includes an updated Schedule of Attorney Fees and Reasonable Diligence Timeframes both of which go into effect November 1, 2013. All of HUD's Mortgagee Letters can be found here.

 

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CHAPTER 11 - USDA - Rural Development

The Single Family Housing Guaranteed Loan program has provided a spreadsheet with work sheets for each state containing the contact information of Guaranteed Rural Housing (GRH) processing offices nationwide. The worksheets include point of contact, email addresses, delivery addresses, telephone numbers, and fax numbers. Further questions regarding program delivery can be made to each state or to the national office at 202.702.1452202.702.1452.

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CHAPTER 12 - Veterans Administration

 

Note: These links are updated from time to time to reflect the most current information available. Visitors are advised to contact the appropriate VA office to confirm the latest information.

 

HAMP

VA Loan Electronic Reporting Interface (VALERI): The primary vehicle for communicating information is the VALERI website. On that site are sections that include the following (many are found under the tab for Home Loan Links): Servicer Reporting Requirements; Document Library for Servicers Live in VALERI; Loan Guaranty Circulars; Contact Information; and FAQs.

Principal Reduction Alternative -- Circular 26-13-12 (6/27/13)

Property Preservation Requirements and Fees -- Circular 26-09-12 (Aug. 13, 2009), containing Exhibit A (describes policy) and Exhibit B (table of maximum reimbursed amounts). Circular 26-09-12 Change 2 (12/18/12) extends the automatic rescind date to January 1, 2015.

 

Regional Benefit Offices:

Note: States are listed according to the Regional Loan Center (RLC) under which they fall. The RLC websites contain announcements about local procedures and guidance, as well as telephone and email adresses for employees.

ATLANTA RLC
(Georgia, North Carolina, South Carolina, Tennessee)

CLEVELAND RLC
(Delaware, Indiana, Michigan, New Jersey, Ohio, Pennsylvania)

DENVER RLC
(Alaska, Colorado, Idaho, Montana, Oregon, Utah, Washington, Wyoming)

HOUSTON RLC
(Arkansas, Louisiana, Oklahoma, Texas)

MANCHESTER RLC
(Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont)
NOTE: SERVICING ACTIVITIES ARE CONSOLIDATED WITH THE CLEVELAND RLC.

PHOENIX RLC
(Arizona, California, Nevada, New Mexico)

ROANOKE RLC
(D.C., Kentucky, Maryland, Virginia, West Virginia)

St. PAUL RLC
(Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Wisconsin)

St. PETERSBURG RLC
(Alabama, Florida, Mississippi, Puerto Rico, U.S. Virgin Islands)

 

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CHAPTER 13 - PRIVATE MORTGAGE INSURANCE

MGIC has created time frames to provide, by state, an appropriate time interval between the due date of the first unpaid installment and claim filing. The state time frames were established by adding the following time intervals: 4 months from the date of the first unpaid installment to initiate foreclosure action; a time period to acquire title to the property, varying by state and method of foreclosure, and 60 days from title acquistion to submit the claim. 

 

Time Frames Chart

 

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