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.
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
Implement and comply with the recently announced foreclosure standards.
Delinquency management compliance
Property inspection requirements
Foreclosure certification to the attorney/trustee
Revised foreclosure timelines
Compensatory fee assessment calculation and billing changes