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05/03/2016 Oregon town considers seizing abandoned foreclosures to fight blight
Housingwire.com by Ben Lane - An Oregon town is considering a unique method to flight blight by using a “little-known” state law that would allow the city to seize abandoned foreclosures that the city deems a threat to public health.
05/03/2016 ADFINET UPDATES

Click link above for the more of the latest updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding Information Related to the Know Before You Owe TILA-RESPA Integrated Mortgage Disclosure Rule

Freddie Mac Update-04/14/16, regarding Guide Bulletin 2016-07 Announces the Principal Reduction Modification

Bulletin 2016-7, regarding Freddie Mac Principal Reduction Modification

FANNIE MAE HAS RELEASED:

Servicing Guide Announcement SVC-2016-03, regarding Servicing Guide Updates

Selling Guide Announcement SEL-2016-03, regarding Selling Guide Updates

Fannie Mae DO Release Notes for Government Loans , Release Date of January 22, 2016

Fannie Mae DU Release Notes for Lenders , Release Date of February 23, 2016

FHA HAS RELEASED:

Housing Notice HN 2016-04 , entitled Home Equity Conversion Mortgage (HECM) Program: Loss Mitigation Guidance for HECMs in Default due to Unpaid Property Charges

Mortgagee Letter 2016-6 , entitled Revised HUD 92900-A HUD/VA Addendum to Uniform Residential Loan Application

GINNIE MAE HAS RELEASED:

APM 16-02, entitled Modified Loan Documentation – Revised Subordination Requirements

MPM 16-01, entitled Notice Regarding Ginnie Mae Reviews of Collateral Modifications of Multifamily and Healthcare Loans Backing Ginnie Mae MBS in REMICs

VA HAS RELEASED:

Circular 26-16-08, entitled VA Update on Flint, Michigan Water Contamination

05/02/2016 Housing Market Forecast: Challenges Today, Good Times Tomorrow
National Mortgage Professional Magazine by Phil Hall - The latest U.S. Census Bureau data reveals a homeownership rate of 63.5 percent in the first quarter of this year, down 0.3 percent from the fourth quarter of 2015 and down 0.2 percent year-over-year.
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