SS Memos 2017 Summary

Single-Family Seller/Servicer Memorandums - 2017

17-01

• Maximum Loan Amounts

17-02

• AHFC Servicing Guide Revision Review
• Non-Judicial or Summary Foreclosure Timeline Changes
• Postponement
• Third Party Sales
• REO Case File
• Utilities
• REO Disbursement Procedures - Introduction
• Procedures for Submission of a Claim for Reimbursement (Form SER-70)
• Replacement Reserves
• Unauthorized Transfer of Ownership
• Demand Letter
• Notification of Recommended Action
• Delinquent Property Inspection
• Assignment of Rents
• Servicer Notification
• Bankruptcy Proceedings
• Notice of Default
• Occupancy Status
• Valuation Package and Servicer Opening Bid Recommendation
• Bidding Instructions
• Foreclosure Completion
• Sale Results
• Property Transfer Checklist
• Real Estate Owned

17-03

• Updated Form UND-3
• Cancellation of Mortgage Insurance

17-04

• Tax-Exempt Program Acquisition Cost Limits
• Escrow Requirements for Renovation Financing
• Maximum Loan Amount for Second Mortgages
• Credit Guidelines

17-05

• Non-Conforming Program II

17-06

• Income Limits

17-07

• Multi-Family Reserves for Replacements and Other Escrows (Escrow Deposit Accounts)
• Reserve Accounts (Multi-Family Servicing)
• Transfer of Ownership (Security and General Procedures)
• Borrower Name Changes (Security and General Procedures)
• Modifications (Security and General Procedures)
• Reporting Sale Results to AHFC (Foreclosure and Repossessions)