Alerts

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 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...

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 Alert Update October 17, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Wisconsin affected by severe storms, tornadoes, straight-line winds and flooding that took place...

FEMA Alert Update October 17, 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...

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 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...

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),...

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...

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 Mississippi FEMA Alert Update August 22, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding...

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...

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...

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...

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...

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...

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 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...

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 Texas

FEMA Alert July 17, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding that took place June 24-25, 2019. The following counties are eligible for assistance: Individual Assistance
  • Cameron
  • Hidalgo
  • Willacy
See Link below for more information: https://www.fema.gov/news-release/2019/07/17/president-donald-j-trump-approves-major-disaster-declaration-texas   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium on Foreclosure VA’s Policy Regarding Natural Disasters Freddie Mac Disaster Relief Policies Fannie Mae’s Natural Disaster Relief Policies

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: ...

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...

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...

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...