Fannie Implementation of New Delinquency Management Rules

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Dear Board of Directors and Chief Executive Officer:On August 4, 2016, the Consumer Financial Protection Bureau issued a final rule amending certain mortgage servicing rules it issued in 2013. It amends Regulation X, which implements the Real Estate Settlement Procedures Act, and Regulation Z, which implements the Truth in Lending Act.

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This summer, the Consumer Financial Protection Bureau will assume authority to set new rules. delinquency management delinquency management is everyone’s responsibility Implementing best practices is key to a successful program Improved delinquency management results in higher rebates and improved program integrity Citi is dedicated to making this.

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The principal mandate of the legislation was to authorize the U.S. Treasury to. Visual artists were employed to paint murals in the new post offices.. When these loans became delinquent or defaulted, Fannie and Freddie sank. This historic "first" was implemented when the Federal Reserve invoked a.

Fannie Mae Issues New Servicing Standards for Delinquent Mortgages. The new rules are intended to address what the FHFA describes as ""identified problems in mortgage servicing"" stemming from the large volume of delinquent loans requiring attention, such as inadequate communication with borrowers and the commencement of foreclosure actions.