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28 ON THE WEB WEBSITES TO GET TO KNOW. Freddie Mac's recently launched MYHOME website is a one-stop resource for distressed homeowners who are facing foreclosure. MyHome offers a complete guide to foreclosure and how to avoid it, from assessing your situation to what to do when your home has been foreclosed on. e site includes information such as warning signs of foreclosure, a list of possible contacts that can help, and a list of all non-foreclosure possibilities that include both home retention and home forfeiture options. For those who have been foreclosed on, MyHome includes a list of what to expect after foreclosure that includes how it affects the borrower's credit, how to rebuild credit, finding a home after foreclosure, and re-entering the housing market. REAL ESTATE ANALYSIS is free investment software that provides a free property analysis to both investors and real estate agents. e software analyzes property data that is entered into the system and allows users to generate an interactive, customized report that include graphs, charts, and uploaded images of properties. Users can skip around the report to features that are more important or hide and show additional definitions of the real estate ratios. Features include a comparison tool which highlights the best features of properties that you have saved and compares them with the best features of other saved properties. e software also enables sharing of a PDF version of the report via social networks or email. Using the TOOLS FOR REAL ESTATE site, real estate professionals can create a customized newsletter to send monthly to their list of clients. Tools for Real Estate in-house writers will write the letters using original content and give users the option to edit, and users can choose from a number of customized options that include colors, greeting style, and more. Users can insert their logo and signature into the email, and when it's sent, it will show as being sent from the user's email as if the user wrote the newsletter. e newsletters are also mobile-friendly. REALESTATEANALYSISFREE.COM 2 MYHOME.FREDDIEMAC.COM/ 1 TOOLSFORREALESTATE.COM 3 WATCHDOG IS EXAMINING BORROWER POPULATION OF FORECLOSURE SETTLEMENT AT CONGRESS' REQUEST A federal watchdog announced its intention to issue a response sometime in the third quarter this year to a congressional request made in March to address the scope of borrowers owed compensation from the 2013 Independent Foreclosure Review (IFR). U.S. Rep. Maxine Waters (D-California), ranking member on the House Financial Services Committee, wrote a letter in March to the Fed Inspector General Mark Bialek and Treasury Inspector General Eric orson asking them to determine if any of a group of mortgage servicers missed paying additional borrowers who were owed compensation as part of the IFR. Waters made the request after reports surfaced earlier in March that one of the borrowers named in the settlement, Citigroup, had missed paying some 24,000 borrowers who were owed money. "We will convey the results of our prior and current work related to the board's efforts to validate the in-scope borrower population, describe our review of the entire universe of individual borrower complaints received by the board related to the IFR and the payment agreement, and outline our understanding of the data gaps that existed at servicers supervised by the Federal Reserve System and our understanding of the efforts that have occurred to address those issues," the Fed OIG said. Among other actions the Fed OIG plans to cover in its response are making sure all complaints were handled appropriately and identifying trends to make sure no borrowers were overlooked who should have been included in the in-scope population. e Independent Foreclosure Review concluded in January 2013 with 10 mortgage servicers reaching an agreement with the Fed and the OCC to pay a combined total of $8.5 billion to more than 3.8 million homeowners whose homes were in foreclosure in 2009 and 2010. e sum included $3.3 billion to be paid directly to borrowers. e claims allege that the servicers mishandled loan paperwork and robo-signed documents related to the foreclosures. e settlement totals were later increased to 15 servicers and a total of $10 billion in payments, according to the Fed. In June, the Office of the Comptroller of the Currency (OCC) announced that any uncashed payments made pursuant to the IFR Payment Agreement will be escheated at the end of 2015 in order to allow eligible borrowers and their heirs to claim the funds.

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