Bulletin: SLS2011002

Date:
January 25, 2011
To:
All Issuing Offices
RE:
Service Member Foreclosure Protection Extended

Dear Associates:

On December 29, the President signed the Helping Heroes Keep Their Homes Act of 2010 (Act), making it Pub. L 111-34. The Act amends the Housing and Economy Recovery Act of 2008 (HERA) by extending the extended stay of foreclosure protections for service members from the nine-month period after the service member's release from active duty imposed by HERA. It also extends the stay from the December 31, 2011, date announced by Freddie Mac (as reported in InfoBytes, Dec. 31, 2010). The Act extends the stay of foreclosure to December 31, 2012. For a copy of the Act, please see http://www.gpo.gov/fdsys/pkg/BILLS-111s4058cps/pdf/BILLS-111s4058cps.pdf.

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THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None