The following table provides a description of the updates.
|SVC-2019-02, Servicing Guide Updates (04/10/2019)||Updates to Disbursing Insurance Loss Proceeds||Incorporated the requirements in LL-2017-09R
into the Servicing Guide for
any insured loss event regardless of cause.
|Evaluating Property Damage After a Disaster Event for Current Mortgage Loans||Updates existing policy to provide servicers
with more flexibility for evaluating property damage after a disaster
if the mortgage loan is current at the time of the disaster event
and remains current following the disaster event.
|Allowable Foreclosure Fees for Washington, New Hampshire and Maine and Fee Proration Related to Milestone Billing||Updates the allowable foreclosure attorney
fees in three states and clarifies the requirements for prorated
|Consolidation of MERS Policy||Consolidates shared selling and servicing policy
related to the use of MERS into the Selling Guide.
|Foreclosure Sale Date Clarifications||Clarifies timing requirements for foreclosure
actions resolved by court order without a foreclosure sale in applicable
Various topics impacted in Parts D - F.
|SVC-2019-01, Servicing Guide Updates (02/13/2019)||Foreclosure Time Frame and Compensatory Fee Update||Update existing foreclosure timeline management
and compensatory fee framework.