Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Enhanced requirements for Freddie and Fannie NPL sales
The Federal Housing Finance Agency has announced enhanced requirements for sales of non-performing loans (NPLs) by Freddie Mac and Fannie Mae. The NPL sales are generally expected to include loans that are severely delinquent, such as loans that are more than a year past due. The requirements include:
- Bidder qualifications
- Loss mitigation waterfall
- REO sales
- Subsequent servicer
- Bidding transparency
A fact sheet about the enhanced requirements was also released.