This 2-hour webinar provides information on the recently announced requirements when referring borrowers to foreclosure in support of the Servicing Alignment Initiative. Validating the foreclosure decision, postponement of a foreclosure sale, foreclosure timelines, and compensatory fees standards will also be discussed.
Prerequisites:
This session is for employees of approved Freddie Mac Servicers only
Simultaneous access to the Internet to receive the visual presentation and a telephone to receive audio
Review the June 30th Bulletin
Attend the companion webinars Servicing Alignment Initiative: Borrower Communication and Servicing Alignment Initiative: Borrower Response and Documentation Requirements
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
Implement and comply with the recently announced foreclosure standards.
Topics:
Delinquency management compliance
Property inspection requirements
Foreclosure certification to the attorney/trustee
Revised foreclosure timelines
Compensatory fee assessment calculation and billing changes
Delinquency Management and Foreclosure Timelines