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Default Servicing/Claims Bulletins

MGIC bulletins announce changes to default servicing guidelines and policy. Sign up for e-mail updates.

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Servicing/Default Servicing Bulletins and Letters

Number Date Topics, (effective dates)
2011    
03-2011 10/03/11 Streamlined requirements for foreclosure sale postponement; arrearage and principal reduction definitions with respect to loan modifications; documentation requirements for short sale and deed in lieu of foreclosure requests; documentation and submission requirements for real estate-owned properties with supplemental (pool or second-layer) coverage (10/03/11).
02-2011 06/06/11 Expanded guideline criteria for Short Sales; asset documentation requirements for Short Sale and Deed in Lieu workouts clarified; state time frame guidelines updated; foreclosure bidding instructions updated; procedure for unattainable documentation clarified.
01-2011 04/14/11 Announcing MGIC/Link Servicing document submission enhancements (04/18/11).
2010    
06-2010 11/12/10 A reminder to servicers regarding MGIC's default servicing and claims requirements pertaining to foreclosure proceedings, principal forgiveness, claim documentation and requests for additional expenses or reconsideration of expenses.
05-2010 06/01/10 Updated Default Servicing/Claims web content; MGIC's deficiency documentation requirements; fast claims documentation processing (06/01/10)
04-2010 05/01/10 Updated Default Servicing Guide; new default servicing tools (05/01/10)
03-2010 04/08/10 New Delegated Guidelines for short sales (04/08/10)
02-2010 03/17/10 New Delegated Guidelines for loan modifications
01-2010 02/08/10 New Claims Doc Request feature in MGIC/Link; new training tutorials
2009    
05-2009 11/11/09 Announces new features added to MGIC/Link.
04-2009 09/11/09 Preserving MGIC’s Deficiency (10/01/09)
03-2009 08/10/09 MGIC streamlines HAMP File Submissions through The Loan Center (08/10/09)
02-2009 07/08/09 Bulletins to announce changes or important reminders (07/08/09); Foreclosure Sales Bidding Instructions (07/15/09); Reminder of Required Claims Documentation (08/08/08); HAMP and Second Look Reminder
01-2009 06/18/09 MGIC announces its support of the Home Affordable Modification Program (HAMP) (06/18/09)
2008    
Letter 08/08 Loss Mitigation Letter
Letter 05/08 Loss Mitigation Letter

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