February 22, 2018, Monthly member briefing
As a way to keep MSC members informed, the Housing Finance Policy Center hosts a regular briefing on the fourth Thursday of each month at 2pm ET. Seventeen MSC members joined the February briefing on MSC activities. HFPC staff updated members on efforts to finalize the third research brief on FHA foreclosure and conveyance processes. A small subset of MSC members meet on February 2 to discuss final changes to the brief. The final brief is scheduled for public release on February 28. HFPC staff also provided an update on the Servicing 101 initiative, which is an effort to create education materials and videos to assist with explaining and understanding the mortgage servicing process. A call is scheduled for February 28 to discuss the initial script for Servicing 101 materials. Finally, HFPC staffed walked MSC members through the draft framework for work stream 4, focused on aligning mortgage servicing standards, and work stream 5, focused on fundamental structural reforms to mortgage servicing. Feedback on the draft framework was taken from MSC members and the feedback loop was left open for comments by February 28. The next MSC briefing will be on March 22 at 2pm ET.