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 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 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 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...
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...