Legislation Update July 22, 2020 Source: The New York State Senate (full bill text) Sponsor Memo BILL NUMBER: S4408 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the real property law, in relation to the regulation of default...
Legislation Update July 21, 2020 Source: The New York State Senate (full bill text) Sponsor Memo BILL NUMBER: S4190 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the real property actions and proceedings law and the civil practice...
Updated 8/5/20: The Weather Channel published a report offering a full recap on Hurricane Isaias, which impacted a large portion of the U.S. Southeast, Mid-Atlantic and Northeast. Hurricane Isaias Recap: Northeast Lashing Follows...
Investor Update July 28, 2020 Source: HUD Wade’s housing expertise includes her previous role as Acting Federal Housing Commissioner and Assistant Secretary for Housing WASHINGTON – U.S. Department of Housing and Urban Development Secretary Ben...
Updated 7/28/20: As major wildfire activity continues across the Western U.S., please see below for an updated approximate listing of events that have been responsible for structural damage (according to media outlets) since...
Updated 7/27/20: The Weather Channel issued a report offering the latest on Tropical Depression Hanna, which has caused flooding and damage in South Texas. Tropical Depression Hanna Unleashes Flooding, Power Outages Across South...
Updated 7/27/20: The Weather Channel published a report offering the latest updates for Hurricane Douglas, which is pulling away from Hawaii and expected to return to open water. Hurricane Douglas Brushes Hawaii with...
Investor Update July 15, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Loss draft updates*: simplifies our loss draft disbursement policies while managing risk. ▪ Revisions to post-disaster credit...
Investor Update July 15, 2020 Source: Fannie Mae With Lender Letter LL-2020-05, Payment Deferral, we announced payment deferral, a new retention workout option jointly developed with Freddie Mac at the direction of the Federal Housing...
Investor Update July 15, 2020 Source: Freddie Mac This Guide Bulletin announces: • Updates to insurance loss settlement requirements • Document Custody • Original Security Instrument requirement removal – August 5, 2020 • Addition of lost note affidavit (LNA) provisions – November 1,...
Investor Update July 15, 2020 Source: Freddie Mac This Guide Bulletin announces: Eligible Disasters • Eligible Disaster updates • Credit reporting requirements updates for Borrowers impacted by an Eligible Disaster • Introduction of the Disaster Payment Deferral – October 1, 2020 COVID-19 Servicing updates...
Investor Update July 14, 2020 Source: HUD Today, the Federal Housing Administration (FHA) posted a draft revision of the Servicing and Loss Mitigation section (Section III) of the Single Family Housing Policy Handbook 4000.1 (SF...
Updated 7/11/20: The Weather Channel published a report providing the latest updates on Tropical Storm Fay, which has diminished into a post-tropical low and is moving north toward Canada. Tropical Storm Fay Flooded...
FEMA Alert July 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Hawaii affected by severe storms and flooding that took place March 27-28, 2020. The following county is eligible...
FEMA Alert July 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe storms, straight-line winds and flooding that took place May 3-4, 2020. The following counties...
FEMA Alert July 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, and flooding that took place May 16-22, 2020. The following counties are eligible...
Investor Update July 7, 2020 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-21, Enhancements to FHA’s Claims Without Conveyance of Title (CWCOT) Procedures. The guidance in this ML enhances...
Industry Update July 6, 2020 Source: DS News Additional Resource: U.S. Supreme Court No. 19-631 The U.S. Supreme Court announced Monday that it has invalidated a 2015 amendment from the Telephone Consumer Protection Act (TCPA), and ruled...
Wildfire Outbreak Causes Home Damage in Western U.S. Updated 7/16/20: KSBW 8 published a report detailing the Coyote Fire, which ignited in San Benito County and has destroyed several buildings near Panoche. Fire...
Disaster Alert June 29, 2020 Source: Desert News Additional Resource: KJZZ.com (Multiple Wildfires Burn Thousands of Acres Across Utah) KSL NewsRadio: 3,100 Homes Evacuated in Saratoga Springs After Lightning Sparks Fire Near Utah Lake Evacuation Orders Lifted in...
Disaster Alert Source: FEMA (Daily Ops Briefing Slide 6) Earthquakes – Puerto Rico – At 2:42 a.m. ET on June 28, a magnitude 4.8 earthquake occurred near Ponce (pop 153k), Puerto Rico, at a depth of 7 miles –...
Disaster Alert Source: tucson.com NOTE: This has not yet been declared a FEMA Major Disaster. Residents in the southern Catalinas between Catalina Highway milepost 3 and Redington Road were given evacuation orders Sunday night due...
FEMA Alert Update June 26, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by severe storms, tornadoes and flooding that took place February...
Investor Update June 23, 2020 Source: FHFA 1Q20 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 26,910 foreclosure prevention actions in the first quarter, bringing the total to 4,433,876 since the start...
Industry Update June 18, 2020 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The...
Investor Update June, 18 2020 Source: VA Circular 26-18-21 – Property Inspection Requirements on CARES Act Forbearance Cases, was issued on June 8, 2020, and is located at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp. Circular 26-20-18 – Extended Foreclosure Moratorium for Borrowers Affected...
Investor Update June 17, 2020 Source: Fannie Mae Additional Resource: Excess Atttorney Fee/Cost Guidelines The following AAA matrices (9) have been updated effective June 17. Please review the appropriate jurisdiction-specific AAA matrix for additional details. For full announcement,...
Fannie Mae: SVC-2020-02: Servicing Guide Update Investor Update June 10, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Pre-modification housing expense-to-income ratio calculation for imminent default and cash...
FEMA Releases Business Emergency Operations Center Quick Start Guidance as America is Opening Up Again Engagement and integration of businesses and other organizations is critical as communities work to implement reopening...
Updated 6/10/20: The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek. Severe Thunderstorms With...
6.4-Magnitude Earthquake Hits California Updated 6/4/20: FOX News issued a report detailing earthquake activity in Southern California. The 5.5 magnitude event that struck near Searles Valley is believed to be an aftershock...
Widespread Property Damage Results from Civil Protests Property Damage Results from Civil Protests Updated 6/18/20: As details continue to be made available regarding instances of property damage resulting from civic protests across the...
Disaster Alert May 27, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Major Disaster. At a Glance Bertha has weakened to a tropical depression after making landfall along the coast...
Updated 5/22/20: The VA issued Circular 26-19-17: Change 2. Circular 26-19-17: Change 2 Updated 10/17/19: The VA issued Circular 26-19-17: Change 1. Circular 26-19-17: Change 1 Investor Update June 28, 2019 Source: VA 1. Purpose. This Circular supplements the Department of...
FEMA Releases COVID-19 Operational Guidance for Hurricane Season FEMA released "COVID-19 Pandemic Operational Guidance for the 2020 Hurricane Season" to help emergency managers and public health officials best prepare for disasters,...
FEMA Alert May 21, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms and flooding that took place February 5 to March 6, 2020. The following...
Investor Update May 18, 2020 Source: Freddie Mac The launch of Freddie Mac’s Servicing Gateway nearly six months ago transformed the way you access your servicing tools. We’re committed to helping you work faster and smarter...
Michigan Dam Failure Results in Catastrophic Flooding Updated 5/21/20: FEMA issued an Emergency Declaration for areas in Michigan affected by severe storms and flooding beginning on May 16, 2020 and continuing. FEMA Emergency...
Tropical Storm Arthur Spreads Rain, Wind into North Carolina Disaster Alert May 18, 2020 Source: FOX News Locations currently under a tropical storm warning: North Carolina – Beaufort County – Carteret County – Craven County – Dare County – Duck County –...
FHFA: Foreclosure Prevention Report – February 2020 Investor Update May 14, 2020 Source: FHFA February 2020 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 8,836 foreclosure prevention actions in February, bringing the total...
Tropical Storm Arthur Spreads Rain, Wind into North Carolina Disaster Alert May 18, 2020 Source: FOX News Locations currently under a tropical storm warning: North Carolina – Beaufort County – Carteret County – Craven County – Dare County – Duck County –...
HUD: Ben Carson Congratulates Brian Montgomery on Deputy Secretary Confirmation Investor Update May 12, 2020 Source: HUD WASHINGTON – U.S. Department of Housing and Urban Development Secretary Ben Carson today applauded the confirmation of Brian...
Updated 5/19/20: Naples Daily News published an article providing updates on the 36 Avenue SE Fire, which has destroyed 12 homes and 33 outbuildings in Collier County, Fla. 36th Avenue SE Brush Fire...
ATTOM: 3.6 Million Homes Considered Seriously Underwater Industry Update May 7, 2020 Source: ATTOM Data Solutions Equity-rich Properties in First Quarter of 2020 Comprise 26 Percent of All Mortgaged Homes; Seriously Underwater Properties Make Up Just...
AccuWeather Increases Number of Hurricanes Predicted for 2020 Atlantic Season Industry Update May 7, 2020 Source: AccuWeather Coastal residents such as Monroe County Commissioner Craig Cates, a lifelong Key West native and the city’s mayor...
HUD: Interagency COVID-19 Servicer Fact Sheet Investor Update May 6, 2020 Source: HUD Coronavirus Relief, and Economic Security Act (CARES Act) Mortgage Payment Forbearance The CARES Act provides a mortgage payment forbearance option for all borrowers who, either directly or...
FEMA Declared Disaster South Carolina FEMA Alert Update May 12, 2020 FEMA issued an update Presidential Major Disaster Declaration for areas in South Carolina affected by severe storms, tornadoes and straight-line winds that...
Investor Update April 27, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Kate Fulton will join FHFA as Chief Operating Officer on May 26, 2020. Fulton comes to FHFA...
Investor Update April 27, 2020 Source: FHFA Federal Register Citation: 85 FR 23219 / PDF Format SUMMARY: In this document, the Federal Housing Finance Agency (FHFA) provides notice that it issued Orders, dated March 10, 2020, with respect...
CFPB: Mortgage Loan Transfer Process to Prevent Consumer Harm Industry Update April 24, 2020 Source: CFPB WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today outlined practices to provide mortgage servicers clarity, facilitate compliance, and...
FEMA Declared Disaster Tennessee FEMA Alert April 24, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe storms, tornadoes, straight-line winds and flooding that took place April...
FEMA Declared Disaster North Dakota FEMA Alert Update April 24, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Dakota affected by flooding that took place October...
FEMA Declared Disaster Kentucky FEMA Alert April 24, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Kentucky affected by severe storms, flooding, landslides and mudslides that took place February 3-29,...
VA: Circular 26-20-16: Guidance for Non-Compliant Interest Rate Reduction Refinance Loans Investor Update April 20, 2020 Source: VA 1. Purpose. The purpose of this Circular is to outline VA’s expectations regarding loans that fail to meet...
VA: Circular 26-18-3: Acceptance of Properties Updated 4/20/20: Extended rescission date of the original circular. Circular 26-18-3 (Change 1) Investor Update February 23, 2018 Source: VA 1. Purpose. This Circular provides guidance on requests for execution of documents related...
Tornadoes Damage Homes in Four States Updated 4/23/20: The Weather Channel issued a report outlining continued severe storm activity affecting the Southern U.S. Widespread Damage, Injuries, Flooding Reported as Storms Batter South...
FEMA Declared Disaster American Samoa FEMA Alert April 17, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in American Samoa affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA Declared Disaster Mississippi FEMA Alert April 16, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, tornadoes, straight-line winds and flooding that took place April...
VA: Circular 26-20-14: Appraisal Review Requirements and Instructions Investor Update April 14, 2020 Source: VA New Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program...
FHA Single Family Housing COVID-19 Q&A Updated 5/11/20: HUD has enhanced its COVID-19 FAQ resource to include expanded guidance for a variety of categories related to lending/servicing. FHA Resource Center Bulletin Board Updated 4/14/20: HUD...
Tornadoes Decimate Homes in Deep South Disaster Alert April 12, 2020 Source: FOX News Additional Resources: Office of Alabama Governor Kay Ivey (State of Emergency: Severe Weather) Office of Louisiana Governor Jon Bel Edwards (Gov. Edwards Declares...
FEMA Declared Disaster Wyoming FEMA Alert April 11, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Wyoming affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Issues “Disaster Financial Management Guide” Today, FEMA released the “Disaster Financial Management Guide” to support jurisdictions in establishing and implementing sound disaster financial management practices, which are critical for successful...
Maine Law to Allow Mortgagees to Enter Vacant Properties Legislation Update April 10, 2020 Source: Maine Legislature (LD 1963/HP 1407 Information) Additional Resource: LD 1963/HP 1407 Full Text Text Excerpt (Section 5): 5. Entry by mortgagee. Upon the issuance of...
FEMA Declared Disaster Idaho FEMA Alert April 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Idaho affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Alaska FEMA Alert April 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Vermont FEMA Alert April 8, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Minnesota FEMA Alert April 7, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Minnesota affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
MHA: HAMP Update: System Maintenance Outage Investor Update April 7, 2020 Source: MHA Due to a planned maintenance release, the HAMP Reporting System response files will be unavailable during the standard hours of operation 9am...
FEMA Declared Disaster Oklahoma FEMA Alert April 5, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster New Mexico FEMA Alert April 5, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New Mexico affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA Declared Disaster Mississippi FEMA Alert Update June 25, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, flooding and mudslides that took...
FEMA Declared Disaster South Dakota FEMA Alert April 5, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in South Dakota affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
<- Return To FEMA Alerts FEMA Declared Disaster Delaware FEMA Alert April 5, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Delaware affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning...
FEMA Declared Disaster Maine FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Maine affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Nebraska FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Nebraska affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Nevada FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Nevada affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Wisconsin FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Wisconsin affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Utah FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Utah affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Arizona FEMA Alert April 4, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Arizona affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Arkansas FEMA Alert April 3, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Arkansas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster New Hampshire FEMA Alert April 3, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New Hampshire affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA Declared Disaster Indiana FEMA Alert April 3, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Indiana affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster West Virginia FEMA Alert April 3, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA Declared Disaster U.S. Virgin Islands FEMA Alert April 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in the U.S. Virgin Islands affected by the Coronavirus Disease 2019 (COVID-19) pandemic...
FEMA Declared Disaster Virginia FEMA Alert April 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Virginia affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Tennessee FEMA Alert April 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Northern Mariana Islands FEMA Alert April 1, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in the Northern Mariana Islands affected by the Coronavirus Disease 2019 (COVID-19) pandemic...
FEMA Declared Disaster Hawaii FEMA Alert April 1, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Hawaii affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster North Dakota FEMA Alert April 1, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in North Dakota affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
Homes Damaged as Tornadoes Strike Mississippi, Alabama Disaster Alert March 31, 2020 Source: The Weather Channel Additional Resources: USA Today (Strong storms and possible tornadoes leave damage, power outages from Mississippi to Georgia) WLOX (George County cleaning up...
FEMA Declared Disaster Pennsylvania FEMA Alert March 30, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Pennsylvania affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Rhode Island FEMA Alert March 30, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Rhode Island affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA released expanded capabilities to the Resilience Analysis and Planning Tool (RAPT), including census tract data and additional infrastructure layers for all state, local, tribal and territorial jurisdictions across the...
FEMA Declared Disaster Montana FEMA Alert March 31, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Montana affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Ohio FEMA Alert March 31, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Ohio affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
Spring Storms Damage Homes in South, Midwest Disaster Alert March 29, 2020 Source: The Weather Channel Additional Resources: USA Today (Tornadoes in Arkansas, Iowa and Illinois damage homes, businesses) CBS 2 (Three confirmed tornadoes touched down in eastern...
FEMA Declared Disaster Puerto Rico FEMA Alert March 27, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
FEMA Declared Disaster Guam FEMA Alert March 27, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Guam affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
<- Return To FEMA Alerts FEMA Declared Disaster South Carolina FEMA Alert March 27, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in South Carolina affected by the Coronavirus Disease 2019 (COVID-19)...
FEMA Declared Disaster Illinois FEMA Alert March 26, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Illinois affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Maryland FEMA Alert March 26, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Maryland affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Missouri FEMA Alert March 26, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Missouri affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster Texas FEMA Alert March 25, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
Freddie Mac: FHLMC Guide Bulletin 2020-06: Payment Deferral Investor Update March 25, 2020 Source: Freddie Mac NOTE: This option was developed with Fannie Mae. To view their associated announcement, click the following link: Fannie Mae Lender Letter...
Fannie Mae Lender Letter LL-2020-05: Payment Deferral Investor Update March 25, 2020 Source: Fannie Mae We are introducing payment deferral, a new home retention workout option jointly developed with Freddie Mac at the direction of...
FEMA Declared Disaster Florida FEMA Alert March 25, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Florida affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster New Jersey FEMA Alert March 25, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
Return To FEMA Alerts FEMA Declared Disaster North Carolina FEMA Alert March 25, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in North Carolina affected by the Coronavirus Disease 2019 (COVID-19) pandemic...
FHFA: Stress Testing of Regulated Entities Investor Update March 24, 2020 Source: FHFA SUMMARY: The Federal Housing Finance Agency (FHFA) is adopting a final rule that amends its stress testing rule, consistent with section 401...
FEMA Declared Disaster Tennessee FEMA Alert Update March 24, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Tennessee affected by severe storms, tornadoes, straight-line winds and flooding...
FEMA Declared Disaster Louisiana FEMA Alert March 24, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Louisiana affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on March 17, 2020...
FEMA Declared Disaster Iowa FEMA Alert March 23, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Iowa affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on March 17, 2020...
FEMA Declared Disaster Washington FEMA Alert March 22, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Washington affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020...
FEMA Declared Disaster New York FEMA Alert March 20, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
Texas Tornadoes Damage Homes Disaster Alert March 19, 2020 Source: Abilene Reporter-News Additional Resources: Big Country Homepage.com: (GALLERY: Aerial footage of tornado damage in South Bend, Texas) Approximate locations sustaining structural damage: Texas – Alvord (Wise County, 76225) – Graham...
Disaster Alert March 18, 2020 Source: The Weather Channel Approximate locations reportedly sustaining minor structural damage: Utah – Magna (Salt Lake County, 84044) – Salt Lake City (Salt Lake County) NOTE: This has not yet been declared a FEMA Major...
FEMA Declared Disaster South Carolina FEMA Alert March 17, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in South Carolina affected by severe storms, tornadoes, straight-line winds and flooding that took...
Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions Foreclosure moratorium lasts until at least end of April March 18, 2020, 1:04 pm By Ben Lane Share On Click to share on Twitter (Opens...
FEMA Emergency Declaration Coronavirus COVID-19 FEMA Alert March 13, 2020 FEMA issued a nationwide Emergency Declaration in response to the ongoing Coronavirus COVID-19 pandemic. Incident Period: January 20, 2020 and continuing. The following locations have...
Investor Update March 10, 2020 Source: FHFA Washington, D.C. – “To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac (“the Enterprises”) reminded mortgage servicers...
Industry Update March 10, 2020 Source: The Mercury News Additional Resource: The Mercury News (San Jose Mayor Calls for Moratorium on Evictions During Coronavirus Outbreak) HousingWire: (U.S. Cities Are Taking Action on Halting Evictions) Amid growing concerns over...
Investor Update March 16, 2020 Source: OCC COVID-19 is a respiratory disease caused by a novel (new) coronavirus that was first detected in Wuhan City, Hubei Province, China. The OCC is working cooperatively with all...
Industry Update March 12, 2020 Source: The Miami Herald Additional Resources: The Miami Herald (Twitter) HousingWire: (U.S. Cities Are Taking Action on Halting Evictions) Miami-Dade County Police Department Miami-Dade police announced Thursday that officers would not assist with evictions...
Updated 3/10/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Puerto Rico affected by earthquakes from December 28, 2019, to February 4, 2020. Puerto Rico Earthquakes (DR-4473...
Investor Update March 11, 2020 Source: MHA Black Knight will be implementing the use of Multi-factor authentication using RSA Adaptive Authentication on March 29th, 2020 that will require users to complete a one-time successful...
Investor Update March 12, 2020 Source: Freddie Mac With recent reports of the possible spread of COVID-19 (i.e. the coronavirus) in the United States, we understand that you may have concerns on how this...
Investor Update March 13, 2020 Source: HUD Additional Resources: HUD FHA INFO #20-18 (Loss Mitigation Home Retention Options for Assisting Borrowers) HUD FHA INFO #20-16 (Coronavirus Information Available) In this Announcement: • Continuation of FHA Single Family Business Operations Related...
Disaster Alert March 9, 2020 Source: NBC News Additional Resource: Newsweek (California Hit by 7 Earthquakes at the Junction of the San Andreas Fault and Cascadia Subduction Zone) CNN (Magnitude 5.8 Earthquake Strikes Off Northern California Coast) NOTE: This...
Disaster Alert March 3, 2020 Source: The Weather Channel Additional Resources: WSMV NBC News 4: (Tornado moves across Nashville and Middle TN) Tennessee Emergency Management Agency (TEMA): Current Status: State of Emergency Approximate locations sustaining structural damage: Tennessee – Cookeville (Putnam...
Investor Update March 3, 2020 Source: HUD Earlier this week, HUD Secretary Dr. Ben Carson was added to the White House Coronavirus Task Force. All federal agencies are working aggressively on a multi-layered, cross-agency...
Investor Update March 2, 2020 Source: OCC Summary The Office of the Comptroller of the Currency (OCC) issued today the revised “Protecting Tenants at Foreclosure Act” booklet of the Comptroller’s Handbook. This booklet provides information and...
Disaster Alert March 1, 2020 Source: FOX News Approximate locations impacted by home ice accumulations: New York – Hamburg (Erie County, 14075) NOTE: This has not yet been declared a FEMA Major Disaster. This would be a palace fit for Elsa. A...
Industry Update February 26, 2020 Source: Auction.com Most Default Servicers Expect Foreclosures to Increase in 2020 Despite no Economic Recession 89 Percent Expect Increase in Foreclosure Inflow from Government-Insured Loans Majority Expect Increased Foreclosure...
Industry Update February 25, 2020 Source: Al.com Greene County, deep in Alabama’s Black Belt region, is the smallest county in the state, and one of the poorest. It’s one of only two counties in Alabama...
Strong Winter Storm Moving Across Country Updated 2/25/20: ABC News issued a report offering the latest on strong winter storm that is expected to bring substantial snow accumulations to multiple states. Winter Storm...
Investor Update February 24, 2020 Source: HUD Today, the Federal Housing Administration (FHA) announced that it has posted on its Single Family Housing Drafting Table, proposed enhancements to its Claims Without Conveyance of Title (CWCOT)...
Industry Update February 22, 2020 Source: WBEN Additional Resources: Erie County Clerk’s Zombies Initiative WKBW ABC (Erie County Taking Steps to Identify Vacant Property Stakeholders) Erie County Clerk partners with WNY Law Center to combat neglected properties CLARENCE,...
Industry Update February 20, 2020 Source: The White House Today, President Donald J. Trump announced his intent to nominate the following individual to a key position in his Administration: Dana T. Wade of the District...
Updated 2/17/20: The Weather Channel issued a report detailing river flooding in Jackson, Miss., that has led to home damage. Mississippi Flooding Continues As Pearl River Nears Crest; Dozens of Homes Already Damaged Additional...
Investor Update February, 14 2020 Source: VA Important Information Circular 26-20-2 – Special Relief Following Puerto Rico Earthquakes, was issued on January 23, 2020. The Federal Emergency Management Agency’s declared disaster counties are: Adjuntas, Arecibo, Cabo...
Updated 2/12/20: Fannie Mae issued a Selling Notice announcing updates to its list of Approved Mortgage Insurance Forms to include state-required variation endorsements. Selling Notice 2/12/20 Investor Update November 20, 2019 Source: Fannie Mae Under the oversight of the Federal...
Investor Update February 12, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Prorated attorney fees and foreclosure milestone invoicing*: We updated the foreclosure milestone schedule and eliminated prorated...
Industry Update February 11, 2020 Source: MBA WASHINGTON, D.C. (February 11, 2020) – The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding...
Investor Update February 3, 2020 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) selected Houlihan Lokey Capital, Inc. (Houlihan Lokey) as a financial advisor to assist in the development and implementation...
Investor Update February 3, 2020 Source: FHFA October 2019 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 9,082 foreclosure prevention actions in October, bringing the total to 4,390,118 since the start...
Investor Update January 31, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. The updated minimum financial requirements...
Industry Update January 30, 2020 Source: CFPB Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced additions to its executive team. The leadership positions are: Susan M. Bernard will serve as Assistant Director for Regulations...
Investor Update January 30, 2020 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced a realignment that will further bolster FHFA’s capacity as a world-class regulator of Fannie Mae and Freddie Mac (the...
Investor Update January 27, 2020 Source: USDA The Rural Housing Service (RHS or Agency) published a final rule on December 26th, 2019, implementing changes to the Single Family Housing Guaranteed loan program (SFHGLP) regulation...
Disaster Alert January 24, 2020 Source: NBC News Additional Resource: ABC 13 Eyewitness News Approximate locations containing home damage: Texas – Westbranch, Houston (Harris County, 77041) NOTE: This has not yet been declared a FEMA Major Disaster. A large explosion at a...
Investor Update January 22, 2020 Source: HUD Today, the Federal Housing Administration (FHA) is pleased to welcome Joseph M. (Joe) Gormley as the Deputy Assistant Secretary for the Office of Single Family Housing, effective...
FEMA Alert January 17, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by severe storms and flooding that took place October 1 to November 1, 2019. The following...
Investor Update January 17, 2020 Source: HUD NOTE: FHA INFO #20-05 is not currently available on HUD.GOV. the above source link will be updated once it has been added. Today, the Federal Housing Administration (FHA) is issuing...
FEMA Declared Disaster Puerto Rico FEMA Declared Disaster Puerto Rico FEMA Alert Update March 10, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Puerto Rico affected by earthquakes...
Disaster Alert January 12, 2020 Source: The Weather Channel Additional Resources: Arkansas Governor Emergency Proclamation (1/11/20) Mississippi Governor Emergency Proclamation (1/10/20) Approximate locations sustaining structural damage Alabama – Joppa (Cullman, Marshall counties, 35087) – Carrollton (Pickens County, 35447) *Concentrated damage in Settlement Community Arkansas – Midway...
Updated 1/7/20: The Weather Channel issued a report detailing continued earthquake activity that has has damaged homes in portions of southern Puerto Rico. The Weather Channel (Deadly Magnitude 6.4 Earthquake in Puerto Rico Is...
Investor Update December 26, 2019 Source: USDA The Rural Housing Service (RHS or Agency) published a proposed rule on August 23, 2018, proposing to implement changes to the Single Family Housing Guaranteed loan program...
Legislation Update December 23, 2019 Source: The New York State Senate (full bill text) Additional Resource: Kings County Politics (Cuomo Signs Bill Strengthening Court Protections For People Facing Foreclosures) A5619 (ACTIVE) – SUMMARY Provides that the defense, in...
Updated 12/20/19: Freddie Mac issued a release highlighting information made available by the Internal Revenue Service (IRS) that helps clarify the application of Section 2202 of the Taxpayer First Act. New IRS...
Legislation Update December 18, 2019 Source: The New York State Senate Sponsor Memo: SPONSOR: SKOUFIS TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to authorizing municipalities to compel...
Disaster Alert December 17, 2019 Source: The Weather Channel Additional Resources: WTVA.com (Gov. Phil Bryant declares state of emergency following Monday’s tornado outbreak)* *Declaration not yet available. Associated county ZIP code list to be provided once...
Disaster Alert December 14, 2019 Source: The Weather Channel Additional Resources: Approximate locations sustaining structural damage Florida – Palm Coast (Flagler County, 32137, 32143, 32164) – Bunnell/Korona (Flagler County, 32110) – Elkton (St. Johns County, 32033) NOTE: This has not yet been...
Investor Update December 11, 2019 Source: Fannie Mae The Servicing Guide has been updated to include changes or clarifications related to the following: • Payment Shortage Tolerance* • Fidelity Bond and Errors and Omissions Mailbox • Miscellaneous Revisions* *Policy change...
Investor Update December 10, 2019 Source: VA IMPORTANT INFORMATION Circular 26-19-29 – Special Relief Following Tropical Storm Imelda, was issued on November 8, 2019. The Federal Emergency Management Agency’s declared disaster counties in Texas are: Chambers,...
Disaster Alert December 8, 2019 Source: The Weather Channel Approximate locations sustaining home flooding California – West Portal, San Franciso (San Francisco County, 94127) NOTE: This has not yet been declared a FEMA Major Disaster. At a Glance Flooding closed...
Investor Update December 6, 2019 Source: USDA As previously communicated on November 27th, we are transitioning the Single Family Housing Guaranteed Loan Program (SFHGLP) to an integrated, National model. Effective December 8, 2019, the...
Investor Update December 3, 2019 Source: HUD In this Announcement: • 2020 Nationwide Forward Mortgage Limits • 2020 Nationwide Home Equity Conversion Mortgage Limits Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2019-19, 2020 Nationwide Forward...
Investor Update December 2, 2019 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the...
Disaster Alert November 25, 2019 Source: Los Angeles Times Approximate locations in current event path* California Santa Barbara (Santa Barbara County, 93101, 93103, 93105, 93108, 93109, 93110, 93111, 93117) Goleta (Santa Barbara County, 93110, 93111, 93117) *Home damage has...
Investor Update November 20, 2019 Source: Fannie Mae Under the oversight of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have worked with approved mortgage insurers to update their master primary policies...
Investor Update November 20, 2019 Source: Freddie Mac Under the oversight of the Federal Housing Finance Agency (FHFA) and in coordination with Fannie Mae, we’re announcing updates to our approved mortgage insurers’ (MI) master...
Industry Update November 19, 2019 Source: Federal Reserve Bank of Atlanta Additional Resource: Foreclosure Externalities and Vacant Property Registration Ordinances (full white paper) This paper tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative...
FEMA Declared Disaster South Dakota FEMA Alert November 18, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in South Dakota affected by severe storms, tornadoes and flooding that took place September...
Industry Update November 11, 2019 Source: Auction.com Share of REO Auctions with Competing Bidders Rises to Highest Level in Last Seven Quarters Three out of four bank-owned properties that sold at online auction in Q3...
Investor Update November 8, 2019 Source: HUD —There is no charge for training courses and webinars offered by the Federal Housing Administration — Webinar Title: NEW FHA Quality Assurance Update Date/Time: Wednesday, November 20, 2019, 2:00 PM to...
Investor Update November 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Tropical Storm Imelda and describes measures mortgagees may employ to...
Investor Update November 6, 2019 Source: Fannie Mae The Taxpayer First Act was signed into law on July 1, 2019. It includes a provision that persons receiving return information must obtain the express permission...
Investor Update November 6, 2019 Source: Fannie Mae The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie...
Investor Update November 6, 2019 Source: Freddie Mac This notice is being provided as a courtesy to our clients. The Taxpayer First Act, signed into law on July 1, 2019, includes a provision that persons receiving...
Investor Update October 31, 2019 Source: VA IMPORTANT INFORMATION Circular 26-19-24, Change 2 – Servicer Loss Mitigation Letters on Delinquent Loans, was issued on September 25, 2019, and is located at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Circular 26-19-27 – Special Relief Following Hurricane...
Investor Update October 30, 2019 Source: Fannie Mae We are providing advance notice to servicers that effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions...
Investor Update October 24, 2019 Source: HUD Additional Resource: FHA Single Family Housing Policy Library (Handbook 4.000.1 Transmittal 10/24/19) Today, the Federal Housing Administration (FHA) published the quarterly update to its Single Family Housing Policy Handbook 4000.1 (SF Handbook)....
FEMA Alert Update October 24, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Illinois affected by severe storms and flooding that took place February 24 to...
FEMA Declared Disaster Texas FEMA Alert Update October 24, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by Tropical Storm Imelda from September 17 to...
Fast-Growing Fires Damage California Homes Updated 11/3/19: The Weather Channel published a report offering the latest updates on California wildfire activity. As Firefighters Gain Edge on California Wildfires, President Trump Slams Gov. Gavin Newsom Additional...
Updated 10/23/19: Hawaii News Now published an article offering the latest updates on a brush fire that has consumed close to 1,000 acres in the Kahana Ridge area of West Maui. Evacuations lifted...
Disaster Alert October 21, 2019 Source: The Weather Channel Additional Resource: KDFW FOX 4 (Confirmed tornado causes damages in North Dallas, surrounding areas) Approximate locations sustaining home damage: Texas – Dallas (Dallas County)* *Click city name to access associated ZIP code list –...
Updated 10/20/19: The Weather Channel published a report outlining tornadic activity spawned by Tropical Storm Nestor in portions of Central Florida. Florida Homes Damaged by Nestor Tornadoes Before Storm Moves Into Georgia (full report) Additional approximate locations...
FEMA Declared Disaster Wisconsin FEMA Alert March 11, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Wisconsin affected by a severe winter storm and flooding that took place January 10-12,...
FEMA Alert Update December 9, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Dorian from September 1 to September 9, 2019. The...
Industry Alert October 10, 2019 Source: CFR Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income—as...
Certificates Investor Update October 11, 2019 Source: MHA Black Knight is making updates to its signature for all new GlobalSign intermediate SSL certificates. What is the impact for users of the HAMP Reporting Tool? To ensure continued...
Industry Update October 11, 2019 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced that it will establish a taskforce to examine ways to harmonize and modernize federal consumer financial laws. The Taskforce...
Updated 10/14/19: The California Department of Forestry & Fire Protection (CAL FIRE) has created a incident map tracking the latest active wildfires around the state. Incident Map Active Incident Summary (abbreviated): Saddleridge Fire – Containment:...
Disaster Alert October 17, 2019 Source: FOX News An area of disturbed weather over the southwest Gulf of Mexico is forecast to strengthen over the warm waters, potentially impacting the northern Gulf Coast of the U.S. as a...
Disaster Alert October 17, 2019 Source: The Weather Channel Approximate locations sustaining possible home damage (downed trees): Massachusetts – Danvers (Essex County, 01923, 01937) – Duxbury (Plymouth County, 02050, 02331, 02332) At a Glance Trees and power lines were downed in...
FEMA Alert Update October 10, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nebraska affected by a severe winter storm, straight-line winds and flooding that took...
Investor Update October 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide...
Investor Update October 9, 2019 Source: Fannie Mae At varying times in 2017 and 2018, for both forward mortgage loans and reverse mortgage loans, we accepted responsibility for the payment of property taxes, HOA...
Investor Update October 9, 2019 Source: Freddie Mac In Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-21, we’re extending the implementation of Servicing Gateway and the mandatory adoption of the Servicing Data Corrections tool to December 9, 2019. The...
Industry Update October 3, 2019 Source: CFPB WASHINGTON, D.C. – Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC),...
Legislation Update October 1, 2019 Source: Connecticut General Assembly Additional Resource: Patch (Oct. 1 Means New Laws, Taxes In CT: Here’s The Full List) PA 19-192–sHB 7179 AN ACT CONCERNING CRUMBLING CONCRETE FOUNDATIONS. To (1) require the Commissioner of...
Industry Update September 25, 2019 Source: CFPB WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced the following additions to its executive team: Desmond Brown will serve as the Deputy Associate Director for the Consumer...
Updated 9/25/19: The VA issued Circular 26-19-24 – Change 2. Circular 26-19-24 – Change 2 (full circular) Updated 9/9/19: The VA issued Circular 26-19-24 – Change 1. Circular 26-19-24 – Change 1 (full circular) Investor Update August 19, 2019 Source: VA 1....
Investor Update September 25, 2019 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2019 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises)...
Tropical Depression Imelda Drenching Texas Coast Tropical Depression Imelda Drenching Texas Coast Updated 11/8/19: The U.S. Department of Veterans Affairs (VA) issued a circular that expresses concern about VA home loan borrowers affected...
FEMA Declared Disaster LouisianaFEMA Alert UpdateOctober 17, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by flooding that took place May 10 to...
Hurricane Dorian poised to slam the Carolinas after scraping the coasts of Florida and Georgia Hurricane Dorian early Wednesday morning. (NOAA) By Jason Samenow and Andrew Freedman September 4 at 11:17 AM South Carolina and North Carolina...
Emergencies Declared in Georgia and Carolinas as Hurricane Dorian's Track Shifts By Sean Breslin 2 days ago weather.com Florida Feels the Effects as Deadly Dorian Inches Closer Tropical-storm-force winds hammered part of the Sunshine State, as...
FEMA Declared Disaster Wisconsin FEMA Alert August 27, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Wisconsin affected by severe storms, tornadoes, straight-line winds and flooding that took place July...
FEMA Declared Disaster Louisiana FEMA Alert Update October 10 , 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Barry from July 10-15, 2019. The...
HUD: FHA INFO #19-46: FHA Strengthens Permanent Disaster Loss Mitigation Options Investor Update August 29, 2019 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2019-14, Updates to FHA’s Loss Mitigation Options for Borrowers...
Freddie Mac Confirms Disaster Relief Policies As Hurricane Dorian Approaches Investor Update August 29, 2019 Source: Freddie Mac MCLEAN, Va., Aug. 29, 2019 (GLOBE NEWSWIRE) — Freddie Mac(OTCQB: FMCC) today reminded mortgage servicers of its disaster...
Fannie Mae: Hurricane Dorian Assistance Options Reminder Investor Update August 29, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Hurricane Dorian of available mortgage assistance and disaster relief...
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Dorian in Southeast United States to Close Investor Update August 30, 2019 Source: OCC WASHINGTON—The Office of the Comptroller of the Currency (OCC) today...
FEMA Declared Disaster Mississippi FEMA Alert March 12, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, tornadoes, straight-line winds and flooding that took place January...
VA: Circular 26-19-24: Servicer Loss Mitigation Letters on Delinquent Loans Investor Update August 19, 2019 Source: VA 1. Purpose. This Circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department...
Freddie Mac: FHLMC Guide Bulletin 2019-18: Servicing Updates Investor Update August 14, 2019 Source: Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-18 announces servicing updates that will provide you with greater flexibility and opportunities for operational...
Fannie Mae: Lender Letter LL-2019-07: Advance Notice of Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans Investor Update August 14, 2019 Source: Fannie Mae This Lender Letter provides advance notification to servicers...
FEMA Declared Disaster Oklahoma FEMA Alert Update August 13, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe storms, straight-line winds, tornadoes and flooding...
FEMA Declared Disaster Nebraska FEMA Alert Update August 13, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nebraska affected by a severe winter storm, straight-line winds and...
Source: Wall Street Journal By Harriet Torry Updated Aug. 13, 2019 3:21 pm ET U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak One factor could be homeowners tapping into home equity for cash when they...
MBA: Mortgage Delinquencies Rise in Second Quarter Source: MBA NewsLink August 14, 2019 Mortgage delinquencies rose in the second quarter as the economy showed signs of slowing, putting more homeowners at risk, the...
HUD: FHA INFO #19-40: Training Opportunities Investor Update August 9, 2019 Source: HUD Webinar Title: NEW FHA Quality Assurance Update Date/Time: Wednesday, August 21, 2019, 2:00 PM to 3:00 PM (Eastern) Event Location: Online Webinar – No...
VA: Circular 26-19-22: Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs) Investor Update August 8, 2019 Source: VA 1. Purpose. The purpose of this Circular is to consolidate and clarify...
Fannie Mae: MI Termination in SMDU Starting Soon Investor Update August 7, 2019 Source: Fannie Mae Frequently Asked Questions Updated policy requirements for the borrower-initiated termination of conventional mortgage insurance (MI) simplifies the process of evaluating...
FEMA Declared Disaster West Virginia FEMA Alert August 3, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms, flooding, landslides and mudslides that took place...
FEMA Declared Disaster Kansas FEMA Alert Update August 5, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kansas affected by severe storms, straight-line winds, tornadoes, flooding, landslides...
FEMA Declared Disaster Missouri FEMA Alert Update August 16, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Missouri affected by severe storms, straight-line winds and flooding that...
VA: VALERI Special Announcement Investor Update August 1, 2019 Source: VA The Adequacy of Servicing (AOS) process will be deployed on the evening of August 1, 2019. When a loan becomes delinquent and the servicer...
FEMA Declared Disaster West Virginia FEMA Alert August 3, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms, flooding, landslides and mudslides that took place...
FEMA has released Planning Considerations: Evacuation and Shelter-in-Place: Guidance for State, Local, Tribal, and Territorial Partners today. The document draws upon the collective experience of those partners to provide relevant...
Tropical Storm Erick Approaching Hawaii, Flossie Following Updated 8/6/2019 https://www.staradvertiser.com/2019/08/05/breaking-news/tropical-depression-flossie-nears-hawaiian-islands/ Updated 8/6/2019: AccuWeather published a report offering updated trajectory and forecast information relating to Tropical Storm Flossie. http://www.accuweather.com/en/weather-news/flossie-to-track-over-or-very-close-to-hawaii-early-this-week/70008966 Updated 7/30/19: AccuWeather published a report offering updated trajectory...
Freddie Mac: Enhancing Online Navigation with Cowbrowse Investor Update July 19, 2019 Source: Freddie Mac We’re continuously investing in ways to improve your experience with Freddie Mac. Reducing the amount of time it takes to...
Is a Recession on the Way? Industry Update July 25, 2019 Source: DS News According to experts, the next recession is on its way, and could begin next year. According to the Zillow Home Price Expectations...
FEMA Releases 2019 National Threat and Hazard Identification and Risk Assessment The Federal Emergency Management Agency today released the latest National Threat and Hazard Identification and Risk Assessment (THIRA). The National...
FEMA Declared Disaster Iowa FEMA Alert Update July 19, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms and flooding that took place...
6,427 viewsJul 24, 2019, 12:15pm Wall Street Ready To Close Deals As Mortgages Go Digital Source: MergermarketContributor Markets By Yizhu Wang, with analytics by Philip Segal Getting a mortgage is often a hassle for borrowers as...
Black Knight June ‘First Look' Sees Calendar-Driven Spike in Delinquencies MBA NewsLink Staff July 23, 2019 Black Knight, Jacksonville, Fla., issued its June ‘First Look' Mortgage Monitor, noting a seasonal quirk resulted in a...
As Trade Uncertainty Drags on Growth, Strong Consumer Demand Backstops Slowing U.S. Economy Housing Remains a Bright Spot, But Supply and Affordability Problems Persist Matthew Classick 202-752-3662 WASHINGTON, DC – The Fannie...
HUD No. 19-105 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday July 18, 2019 HUD AWARDS $4.8 MILLION TO HELP LOW-INCOME VETERANS REHABILITATE THEIR HOMES WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and...
Analyzing Hurricane Barry’s Impact on Housing source: Daily Dose New data indicates that Hurricane Barry caused between $500 Million and $900 million in flood and wind losses. According to CoreLogic, flood loss for residential...
Auction.com: Western U.S. Could See Foreclosure Increase Industry Update July 1, 2019 Source: Auction.com Additional Resource: DS News (Foreclosures in Western U.S. a Cause for Concern) High-level findings from the survey: • 80 percent of respondents expect only slight...
Home / Daily Dose / Hurricane Barry Property Damage Hits $500M Print This Post Hurricane Barry Property Damage Hits $500M in Daily Dose, Featured, Government, Loss Mitigation, News 4 hours ago New data indicates that Hurricane Barry caused between $500 Million and $900 million...
FEMA Declared Disaster Ohio FEMA Alert Update July 17, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Ohio affected by severe storms, straight-line winds, tornadoes, flooding, landslides...
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates Investor Update July 12, 2019 Source: Freddie Mac We’re making changes to simplify servicing mortgages for Freddie Mac. Today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-12 announces updates related to: ...
OCC: National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast Allowed to Close Investor Update July 12, 2019 Source: OCC WASHINGTON — The Office of the Comptroller of the Currency...
VA: VALERI Servicer Newsflash Investor Update July 15, 2019 Source: VA IMPORTANT INFORMATION Servicer Recorded Training – The recorded May 2019 servicer training is now available and is located under the Servicer Access to VALERI section on...
Freddie Mac: REO Reimagined is Here Investor Update July 15, 2019 Source: Freddie Mac Today, we are relieving Servicers of most post-foreclosure responsibilities for real estate owned (REO) properties in response to client feedback. Under...
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available...
FEMA Declared Disaster Oklahoma FEMA Alert July 12, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding that took place April...
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available...
TO: Freddie Mac Sellers July 10, 2019 | 2019-16 SUBJECT: SELLING UPDATES This Guide Bulletin announces: Home Possible® Mortgages Changes to the income limits related to Home Possible Mortgages, including: ➢ ...
July 10, 2019 Servicing Guide Updates The Servicing Guide has been updated to include changes or clarifications related to the following: Escrow Waiver Requirements* Compliance with Office of Foreign Assets Control...
Investor Update June 12, 2019 Source: Fannie Mae This Servicing Guide Announcement includes information related to the following: Simplification of Partial Releases* Miscellaneous Revisions* Reminder of Fannie Mae Extend Modification for Disaster Relief *Policy...
Veterans Benefits Administration - Circular 26-14-9 Department of Veterans Affairs Washington, D.C. 20420 March 26, 2014 VA Loan Full File Loan Review - File Upload Stacking Order 1. Purpose. This Circular announces the Department of...