More about Anna DeSimone
Anna DeSimone founded Bankers Advisory in 1986 and is a nationally recognized authority in residential mortgage lending. She has received numerous industry awards and has authored more than 40 best practices guides and hundreds of articles.
Blog Posts by Anna DeSimone:
-
Six Federal Agencies Issue Final Rule for Appraisal Management Companies
By Anna DeSimoneApril 30, 2014. Six federal financial regulatory agencies issued a final rule that implements minimum requirements for state registration and supervision of appraisal management companies (AMCs). The Joint Release was issued by the following federal agencies:Office of the Comptroller of the CurrencyBoard of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationConsumer Financial […]
-
Nebraska Updates Foreclosure Provisions
By Marlana Melendez, J.D. Through Legislative Bill 151, the Nebraska State Legislature recently amended several provisions regarding foreclosures and trust deed defaults relating to the sale of trust property. These provisions take effect on September 5, 2015. Filing a Foreclosure Complaint Upon filing a complaint for the foreclosure or satisfaction of a mortgage, the plaintiff […]
-
Arizona Amends Provisions Regarding Foreclosure
By Matthew Dailey, J.D.The state of Arizona amended its provisions relating to the action to foreclose, the right to redeem as well as subsequent certificates of purchase by assignment. These provisions are effective on July 3, 2015.Arizona addressed section 42-180 which deals specifically with partial payment of taxes and certificates of purchase. The amended statute […]
-
Utah Amends Provisions Regarding Anti-Discrimination and Fair Housing Acts
By Matthew Dailey, J.D.The state of Utah amended multiple provisions regarding the state Anti-Discrimination and Fair Housing Acts. Senate Bill 296 modifies definition provisions related to employment and housing discrimination, including defining “employer,” “gender identity,” and “sexual orientation.” The bill also added sexual orientation and gender identity under prohibited discrimination provisions regarding residential real estate-related […]
-
Freddie Mac Updates Servicing Policies
April 15, 2015, Freddie Mac issued Bulletin 2015-5: Servicing Updates. This Single-Family Seller/Servicer Guide (“Guide”) Bulletin announces: Alternatives to Foreclosure• The new “Modification Solution” screen in Workout Prospector® to facilitate the settlement of modifications of Mortgages guaranteed by the Rural Housing Service (RHS) and other modifications that cannot be settled through other Workout Prospector paths• Updates […]
-
Fannie Mae Amends Servicing Policies
April 15, 2015, Fannie Mae issued Ann. SVC-2015-06: Miscellaneous Servicing Policy Changes. Fannie Mae is amending its policies and requirements related to the following: • Processing Additional Principal Payments for Delinquent Mortgage Loans• Accepting Funds from Hardest-Hit Fund (HHF) Programs and Housing Finance Agencies (HFA)• Processing a Partial Reinstatement During Foreclosure Policy Change Effective DateThe servicer is […]
-
CFPB Issues Guidance on Housing Counselor Requirement
Final Interpretive Rule Includes Additional Instructions for Providing Housing Counselor Information April 15, 2015, the Consumer Financial Protection Bureau (CFPB) issued a final interpretive rule on how to provide mortgage applicants with a list of local homeownership counseling organizations. The interpretive rule restates guidance the CFPB issued in 2013, and provides further guidance for lenders who […]
-
CFPB Releases ‘Know Before You Owe’ Toolkit
March 31, 2015 the Consumer Financial Protection Bureau (CFPB) released a new toolkit that guides consumers through the process of shopping for a mortgage and buying a house. Developed as part of the CFPB’s “Know Before You Owe” mortgage initiative, the toolkit was designed to help consumers take full advantage of the new Loan Estimate […]
-
CFPB Issues Fair Debt Collection Report
March 26, 2015, the Consumer Financial Protection Bureau (CFPB) submitted to Congress its Fourth Annual Report summarizing activities to administer the Fair Debt Collections Practices Act (FDCPA). This year’s report describes activities conducted by the CFPB and the FTC during 2014 in relation to debt collection. The CFPB and the FTC work closely to coordinate […]
-
Fannie Mae Clarifies Self Employed Income Policy
By Anna DeSimone March 24, 2015 Fannie Mae issued a Notice that clarified its recently-updated Self Employed Income Policy. On December 16, 2014, Fannie Mae issued Selling Guide Announcement SEL-2014-16, listing a number of topics that were updated in the Selling Guide, including Self Employed Income. The updates were originally to take effect April […]