crfs provides summary of new FHLMC property management guidelines

On July 15, Freddie Mac implemented updates that eliminated many property management functions which were formerly required of Servicers. These changes are effective for properties with a foreclosure sale held, or deed-on-lieu executed, on or after this date, as well as for properties which are in active REO status as of this date. CRFS has conducted… Read more »

CRFS provides comments in response to HUD’s request for feedback on the Single-Family Loan Sale Program (SFLS Program)

In its request for feedback, the FHA indicated that it is particularly interested in public comments addressing the following issues (the CRFS feedback, which was delivered to HUD the first week of July, is reproduced below):  3.0 Obstacles, Benefits, and Drawbacks 3.0.1 FHA Single Family Loan Sale Servicers (1) What obstacles exist to participation in… Read more »