Disaster Alert April 8, 2021 Source: The Weather Channel Additional Resource: KCRG ABC 9 (“This Made the Derecho Look Like Child’s Play,” Cedar Rapids Mobile Home Hit by Possible Tornado) Approximate areas reportedly sustaining structural damage: Arkansas Tornadoes/High Winds –...
Legislation Update April 6, 2021 Source: Associated Press Additional Resource: OR HB 2009 (Information/Full Text) PORTLAND, Ore. (AP) — A measure that would reinstate and extend Oregon’s moratorium on foreclosures until Sept. 1 during the COVID-19...
Industry Update April 5, 2021 Source: CFPB Additional Resource: CFPB (CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable) WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to...
Disaster Alert April 4, 2021 Source: The Weather Channel Additional Resources: CNN (Florida Gov. DeSantis Declares a State of Emergency for Tampa-Area Water Waste Issue) NOTE: This has NOT yet been declared a FEMA Major Disaster. At...
Industry Update April 1, 2021 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall....
FEMA Alert March 31, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Kentucky affected by severe winter storms, landslides and mudslides that took place February 8-19, 2021. The following...
Industry Update March 31, 2021 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in...
Updated 3/31/21: Kelo published an article providing the latest on wildfire activity in South Dakota that has caused structural damage. Schroeder Fire Grows to 2,100 Acres; Evacuation Orders, Road Closures to Remain in...
Industry Update March 29, 2021 Source: CNN Additional Resource:CFPB (CFPB Acting Director Uejio and FTC Acting Chairwoman Slaughter Issue Joint Statement on Preventing Illegal Actions) The federal ban on evictions has been extended yet again,...
Disaster Alert March 28, 2021 Source: Tennessean Additional Resources: The Weather Channel NBC 5 (Vermont) Approximate areas reportedly sustaining structural damage: Arkansas Tornadoes/High Winds – Carson Township (Mississippi County, 72370) *Carson Lake – DeWitt (Arkansas County, 72042) – Marie (Mississippi County, 72395) Kentucky Flooding – Hazard (Perry...
FEMA Alert March 28, 2021 FEMA issued a Presidential Major Disaster Declaration for the Poarch Band of Creek Indians as a result of the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January...
Investor Update March 26, 2021 Source: VA 1. Purpose. The Department of Veterans Affairs (VA) remains firmly committed to assisting VA-guaranteed loan borrowers who experience financial hardship due to the COVID-19 pandemic. Through this Circular,...
Updated 3/26/21: The Weather Channel issued a report providing the latest on severe thunderstorm activity that caused major residential home damage in Alabama and other locations in the southern U.S. Severe Weather Outbreak...
Investor Update March 24, 2021 Source: Fannie Mae With the introduction of Property 360™ for Expense Reimbursement, Fannie Mae will eventually discontinue use of the third-party site, LoanSphere 571 Invoicing, for claims processing. Fannie...
Disaster Alert March 23, 2021 Source: The Weather Channel Approximate locations (according to media outlets) sustaining structural damage: Texas Straight-Line Winds – Bertram (Burnet County, 78605) At a Glance The storm struck shortly before 10 p.m. Monday. At...
Updated 3/18/21: The Weather Channel published a report providing an update on severe storm activity that caused structural damage in portions of North Carolina. Damage Reported in North Carolina As Possible Tornado Moves...
Industry Update March 16, 2021 Source: CNN (CNN)– Wildfires and hurricane-force winds produce stunning videos and headlines, but flooding is the most common and costly natural disaster in the United States. And almost no place in...
Disaster Alert March 14, 2021 Source: KMBC ABC 9 Additional Resource: Address Report (Rio Lobo Ranches Community Map) Approximate location (according to media outlets) sustaining structural damage: Kansas -Stilwell (Johnson County, 66013, 66085) *Concentrated damage reported in Rio Lobo Ranches...
Disaster Alert March 14, 2020 Source: App Approximate locations (according to media outlets) sustaining structural damage: New Jersey – Brick (Ocean County, 08723, 08724) *Concentrated home damage reported in Brick Lake Park Community: – Cedar Bridge Avenue – Charles Drive –...
Disaster Alert March 14, 2021 Source: Amarillo Globe-News Additional Resource: The Weather Channel (Tornado Causes Damage in North Texas) Approximate location (according to media outlets) sustaining structural damage: Texas -Canyon (Randall County, 79015, 79016) *Concentrated damage reported in Palo...
Investor Update March 10, 2021 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Property valuation orders for charge-offs*: updates our requirements for submitting a charge-off request to us...
Updated 3/10/21: Media outlets are reporting that heavy rain continues to trigger flash flooding across the Hawaiian Islands: CNN (Hawaii Declares an Emergency as Flooding Causes Extensive Damage, Including Bridge Collapses) The Weather...
Disaster Alert March 9, 2020 Source: Volcano Discovery NOTE: This has not been declared a FEMA Major Disaster. An earthquake of magnitude 4.8 occurred after midnight on Tuesday 9 March 2021 at 12:43 am local...
Disaster Alert March 4, 2021 Source: The Weather Channel At a Glance A magnitude-8 earthquake north of New Zealand prompted the tsunami alerts. It was one of three major earthquakes that struck off New...
Disaster Alert March 2, 2020 Source: The Weather Channel Additional Resource: Office of Kentucky Governor Andy Beshear (Gov. Beshear Declares State of Emergency Due to Heavy Rainfall Across the Commonwealth) Office of West Virginia Governor Jim...
Industry Update March 1, 2021 Source: CFPB WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come...
Industry Update February 26, 2021 Source: CNBC Additional Resource: The Texas Tribune (Texas Judge Rules Federal Eviction Moratorium Unconstitutional. Lawyers and Advocates Disagree on What That Means for Tenants.) KEY POINTS A federal judge in Texas ruled...
Legislation Update February 26, 2021 Source: The Florida Senate (HB 1393 Full Text/Info) Additional Resource: The Florida Senate (SB 1808 Full Text/Info) *Companion Bill Abandoned Residential Real Property; Provides remedies for abandoned residential real property, including authorizes entry on...
Industry Update February 26, 2021 Source: CNBC Additional Resource: The Texas Tribune (Texas Judge Rules Federal Eviction Moratorium Unconstitutional. Lawyers and Advocates Disagree on What That Means for Tenants.) KEY POINTS A federal judge in Texas ruled...
Disaster Alert February 25, 2021 Source: USA Today Additional Resources: KATV ABC 7 (Arkansas Homeowners See Burst Pipes and Flooded Homes from Winter Season) KFOR NBC 4 (Hundreds of Oklahomans Working to Clean Water Damage from Burst Pipes) WMBF (‘We...
Investor Update February 25, 2021 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie...
Investor Update February 25, 2021 Source: Freddie Mac On February 10, 2021, Freddie Mac published Guide Bulletin 2021-6 which described changes to temporary Servicing guidance related to forbearance and Payment Deferrals for Borrowers who are experiencing...
Industry Update February 25, 2021 Source: ATTOM Data Solutions Number of Zombie Foreclosures Drops Another 12 percent in First Quarter of 2021; Percentage of Foreclosure Properties Sitting Empty Stays the Same; Zombie Foreclosures Now...
Investor Update February 23, 2021 Source: HUD Today, FHA is announcing the availability of the pre-recorded webinar that discusses in more detail the various policies outlined in Mortgagee Letter (ML) 2021-05, Extensions of Single Family Foreclosure...
Investor Update February 23, 2021 Source: VA VALERI Downtime – The application will be unavailable on Thursday, February 25, 2021, from 9:00 to 11:59 p.m. EST for maintenance. Users must log out of the system...
FEMA Alert Update February 25, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing....
Investor Update February 22, 2021 Source: HUD Foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of...
FEMA Alert February 18, 2021 FEMA issued an Emergency Declaration for areas in Louisiana affected by a severe winter storm beginning on February 11, 2021 and continuing. FEMA is authorized to identify,...
FEMA Alert February 17, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by severe storms, flooding, landslides and mudslides that took place November 30 to December 2,...
FEMA Alert February 17, 2021 FEMA issued an Emergency Declaration for areas in Oklahoma affected by a severe winter storm beginning on February 8, 2021 and continuing. FEMA is authorized to identify,...
Investor Update February 16, 2021 Source: HUD Additional Resource: Mortgagee Letter (ML) 2021-05 FHA INFO #21-09: Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and Home Equity Conversion Mortgage (HECM) Extension...
Investor Update February 16, 2021 Source: VA Additional Resource: Circular 26-21-04: Approving Forbearance Requests for Veterans Affected by COVID-19 1. Background and Purpose. Under chapter 37 of title 38, United States Code, and Executive Orders related to...
Disaster Alert February 16, 2021 Source: The Weather Channel Approximate location (according to media outlets) sustaining structural damage: Georgia – Damascus (Early County, 31741, 39841) North Carolina – Grissettown (Brunswick County, 28469) – Ocean Isle Beach (Brunswick County, 28467, 28469) *Concentrated...
Investor Update February 16, 2021 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions. The 2021 Scorecard...
Disaster Alert February 14, 2021 Source: CBS 10 Tampa Bay Approximate location (according to media outlets) sustaining structural damage: Florida – Boca Ciega Point (St. Petersburg, 33708) *Property damage reportedly confined to Boca Ciega Point Boulevard North, near...
FEMA Alert February 14, 2021 FEMA issued an Emergency Declaration for areas in Texas affected by a severe winter storm beginning on February 11, 2021 and continuing. FEMA is authorized to identify,...
Investor Update February 10, 2021 Source: Freddie Mac This Guide Bulletin announces: Duty to Serve: • Exhibit 40 updates Escrow Requirements • Greater specificity on Escrow account requirement Community Land Trust Mortgages • Requirement flexibilities for Community Land Trust Mortgages Depository...
Updated 2/25/21: Fannie Mae updated COVID-19 payment deferral eligibility criteria to: ▪ Permit the mortgage loan to be less than or equal to 18 months delinquent as of the date of evaluation, and ▪ Eliminate...
Updated 2/25/21: Fannie Mae updated LL-2021-02 to extend the existing suspension of certain foreclosure-related activities through June 30, 2021. Lender Letter LL-2021-02 Updated 2/10/21: Fannie Mae updated LL-2021-02 to extend the existing suspension of certain foreclosure-related...
Investor Update February 10, 2021 Source: Freddie Mac Freddie Mac has published several Guide Bulletins in 2020 and 2021 with guidance for assisting Borrowers who have been impacted by a COVID-19 hardship. As part...
Investor Update February 9, 2021 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real...
FEMA Alert Update March 19, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Washington affected by wildfires and straight-line winds that took place September 1-19, 2020....
FEMA Alert February 4, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Maryland affected by Tropical Storm Isaias from August 3-4, 2020. The following counties have been approved for...
Investor Update February 3, 2021 Source: HUD WASHINGTON – Today, the Federal Housing Administration (FHA) issued a series of waivers of provisions in its Single Family Housing Policy Handbook 4000.1 that would normally require in-person contact between mortgage...
Disaster Alert January 28, 2021 Source: The Weather Channel Additional Resource: Safeguard Properties California Mudslide Reporting Approximate location (according to media outlets) sustaining structural damage: California – Carmel-By-The-Sea (Monterey County, 93921, 93923) At a Glance Evacuation warnings and orders are...
Disaster Alert January 27, 2021 Source: The Weather Channel Approximate location (according to media outlets) sustaining structural damage: California – Salinas (Monterey County, 93901, 93902, 93905, 93906, 93907, 93908, 93912, 93915, 93962) At a Glance Hundreds of thousands...
Investor Update January 27, 2021 Source: FHFA October 2020 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 166,189 foreclosure prevention actions in October, bringing the total to 5,391,530 since the start of the...
Disaster Alert January 26, 2021 Source: The Weather Channel Approximate location (according to media outlets) sustaining structural damage: Alabama – Center Point (Jefferson County, 35215, 35220, 35235) – Fultondale (Jefferson County, 35068) At a Glance A tornado struck Fultondale,...
Industry Update January 26, 2021 Source: U.S. Department of the Treasury WASHINGTON – Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first...
Investor Update January 26, 2021 Source: HUD In support of the Biden Administration’s plan to provide economic relief for the individuals and families suffering financial impacts from the coronavirus pandemic, the Federal Housing Administration...
Investor Update January 26, 2021 Source: HUD “These last four years have tested our faith in our government, our democracy and at times, our humanity. This experienced team is hard at work alongside fellow...
Investor Update January 25, 2021 Source: VA VALERI Downtime – The application will be unavailable on Thursday, January 28, 2021, from 9:00 to 11:59 p.m. EST for a system deployment. Users must log out of...
Industry Update January 21, 2021 Source: HousingWire After his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for the U.S. Department of Housing and Urban Development. Jones will replace former HUD...
Industry Update January 21, 2021 Source: HousingWire After former Consumer Financial Protection Bureau Director Kathy Kraninger stepped down Wednesday at the request of President Joe Biden, Dave Uejio took over as the bureau’s acting director. Biden named Uejio acting...
Investor Update January 20, 2021 Source: Freddie Mac This Guide Bulletin announces an extension of the COVID-19 foreclosure moratorium. EFFECTIVE DATE All of the changes announced in this Bulletin are effective immediately unless otherwise noted. EXTENSION OF...
Investor Update January 20, 2021 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Automatic reclassification time frame for delinquent MBS mortgage loans*: incorporates Lender Letter LL-2020-13, which extended automatic...
Investor Update January 20, 2021 Source: USDA The purpose of this announcement is to inform lenders of an extension to the foreclosure and eviction moratoriums, and the forbearance deadline for all USDA Single Family Housing Guaranteed...
FEMA Alert January 15, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Colorado affected by wildfires that took place September 6 to November 5, 2020. The following counties have...
FEMA Alert January 12, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Connecticut affected by Tropical Storm Isaias on August 4, 2020. The following counties have been approved for...
FEMA Alert January 11, 2021 FEMA issued an Emergency Declaration for the District of Columbia during the 59th Presidential Inauguration, taking place January 11-24, 2021. FEMA is authorized to provide emergency protective...
Legislation Update January 7, 2021 Source: New Jersey Legislature (A2877 full bill text) Additional Resource: NJ 101.5 (NJ Looks to Crack Down on Eyesores, Even Ones Owned By Banks) Statement The Assembly Community Development and Affairs Committee reports...
Investor Update January 5, 2021 Source: FHFA Additional Resources: Fannie Mae (Statement on Fannie Mae’s 2021 Duty to Serve Plan from Jeffery R. Hayward, Executive Vice President and Chief Administrative Officer, Fannie Mae) “As our country...
Disaster Alert January 1, 2021 Sources: FOX Carolina (Flooding) WMAZ CBS 13 (Tornadoes) Approximate location (according to media outlets) sustaining structural damage: Georgia Tornadoes – Culloden (Monroe County, 31016) – Forsyth (Monroe County, 31029) *Mobile home flipped on Dames Ferry Road – Musella (Crawford...
FEMA Alert Update December 31, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Utah affected by an earthquake and aftershocks that took place March 18 to...
FEMA Alert December 31, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Mississippi affected by Hurricane Zeta from October 28-29, 2020. The following counties have been approved for assistance: Individual...
Disaster Alert December 30, 2020 Source: CNN Approximate location (according to media outlets) sustaining structural damage: Texas – Corsicana (Navarro County, 75109, 75110, 75151) (CNN) – Officials in Navarro County, Texas, said a tornado touched down in the...
Investor Update December 28, 2020 Source: VA 1. Background and Purpose. Under Executive Order 13945, Section 2, of August 8, 2020, it is the policy of the United States to minimize, to the greatest extent possible,...
Disaster Alert December 28, 2020 Source: Maui Now Approximate locations (according to media outlets) sustaining structural damage: Hawaii – Olowalu (Maui County, 96761) *Home damage reported on Luawai Street; Church/community center destroyed on Olowalu Village Road (Identified as...
Disaster Alert December 25, 2020 Source: CNN Additional Resources: USA Today (‘Evacuate now. There is a bomb‘) FEMA (Incident Overview/Response) Google (Explosion Map) Damaged Buildings List (Partial) Source: Tennessean NOTE: This has not yet been declared a FEMA Major Disaster. Approximate location sustaining structural damage: Tennessee –...
Disaster Alert December 25, 2020 Source: Newsweek Additional Resources: News 4 JAX (Damage, power outages in wake of Christmas Eve storms) Tampa Bay Times (Strong Christmas Eve weather tears through Largo mobile home community) KSLA News 12 (National Weather...
Investor Update December 23, 2020 Source: FHFA Additional Resources: Fannie Mae (Fannie Mae Extends Protections for Renters Impacted by COVID-19) Freddie Mac (Freddie Mac Multifamily to Extend COVID-19 Forbearance Program) Washington, D.C. – Today, the Federal Housing Finance...
Investor Update December 21, 2020 Source: USDA The purpose of this announcement is to inform lenders of additional guidance to provide support to borrowers impacted by the Presidentially declared COVID-19 National Emergency. Moratorium Extension: The foreclosure and...
Disaster Alert December 21, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Major Disaster. At a Glance Hawaii’s Kilauea volcano erupted Sunday night. The eruption occurred within the Halema’uma’u crater. ...
Investor Update December 21, 2020 Source: HUD Additional Resources: FHA INFO #20-95: Multisubject: FHA Extends the Expiration Dates for Multiple COVID-19 Related Policies Extensions ensure borrowers can continue to seek assistance and avoid eviction and foreclosure while...
FEMA Alert December 11, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey affected by Tropical Storm Isaias on August 4, 2020. The following counties have been approved...
FEMA Alert Update January 13, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Sally from September 14-16, 2020. The following counties have...
Investor Update December 9, 2020 Source: Freddie Mac Review today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-46Opens in a new window to learn more about the following:▪ COVID-19 updates including:▪ An extension of the COVID-19 foreclosure moratorium through January 31, 2021;▪ Requirements...
Updated 1/20/21: Fannie Mae updated LL-2020-02 to extend the existing suspension of certain foreclosure-related activities through February 28, 2021. NOTE: The document will now be known as LL-2021-02. Lender Letter LL-2021-02 Updated 12/9/20: Fannie Mae updated LL-2020-02 to...
FEMA Alert December 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by Hurricane Laura from August 23-27, 2020. The following Counties have been approved for assistance: Public...
Industry Update December 8, 2020 Source: DS News President-elect Joe Biden reportedly has selected Ohio congresswoman Marcia Fudge to lead the department. If confirmed, she would be the first Black woman to oversee HUD. Politico...
Investor Update December 7, 2020 Source: Freddie Mac Additional Resource: https://guide.freddiemac.com/app/guide/bulletin/2020-33 You want greater transparency and a simpler process when it comes to meeting your annual certification obligations and reporting changes in your organization, as required...
Disaster Alert December 7, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Disaster. At a Glance A strong nor’easter hit New England during the first weekend of December. Parts of...
Investor Update December 3, 2020 Source: FHFA Thank you, Mr. Chairman. I want to thank the staff of each FSOC member agency for the hard work that went into producing this report. The FSOC...
Investor Update December 2, 2020 Source: HUD Additional Resource: Mortgage Letter 2020-41: 2021 Nationwide Forward Mortgage Limits Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2020-42, 2021 Nationwide Home Equity Conversion Mortgage (HECM) Limits, which provides the Calendar...
Investor Update December 2, 2020 Source: FHFA Washington, D.C. –Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae...
Disaster Alert December 2, 2020 Source: USA Today Approximate locations reportedly sustaining structural damage: Alaska *Mudslides/Flooding – Haines (Haines Borough, 99827) NOTE: This has not yet been declared a FEMA Disaster. Evacuations and search and rescue efforts were underway Wednesday after...
FEMA Alert Update December 2, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020. The following county...
Disaster Alert November 30, 2020 Source: The Weather Channel Additional Resources: MASS LIVE (See the damages from Monday’s storm in Massachusetts) Patch (Possible Tornado Causes Damage In Montgomeryville Area) The Weather Channel (Winter Storm Knocks Out Power to Tens of...
Investor Update November 27, 2020 Source: HUD (Corrected Version) Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-39, Extension of Temporary Guidance for Endorsement of Mortgages under Forbearance for Borrowers Affected by the Presidentially-Declared COVID-19...
Updated 12/14/20: MHA issued a reminder that the standard hours of operation for the HAMP Reporting System will be adjusted for end of year 2020. HAMP Update: Reminder – End of Year...
Investor Update November 19, 2020 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-38, FHA Catalyst: Claims Module – Expanded Functionality for Conveyance, Single Family Loan Sales, Claims Without Conveyance of Title, and...
Investor Update November 18, 2020 Source: HUD Today, the Federal Housing Administration (FHA) published an update to Single Family Housing Policy Handbook 4000.1 (SF Handbook). This update includes revisions and additional clarifications to various FHA policies...
Disaster Alert November 12, 2020 Source: AccuWeather Additional Resource: WITN (River Flooding: Latest Crest Forecasts) Approximate locations possibly sustaining structural damage/flooding: North Carolina – Charlotte (Mecklenburg County, 28202, 28204, 28206, 28208, 28213, 28269) – Forbush (Yadkin County, 27055) – Hiddenite (Alexander County,...
Updated 11/9/20: The Weather Channel issued a report providing the latest updates on Tropical Storm Eta, which made landfall in the Florida Keys and lashed the area with torrential rain. Tropical Storm Eta’s...
FEMA Declared Disaster Louisiana FEMA Alert Update December 23, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Delta from October 6-10, 2020. The...
FEMA Alert Update March 25, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Puerto Rico affected by earthquakes from December 28, 2019, to July 3, 2020. The...
Updated 10/28/20: Fannie Mae updated Lender Letter LL-2020-13 to provide procedural details for servicers related to the reclassification of delinquent MBS mortgage loans and to clarify effective dates. Lender Letter LL-2020-13: Automatic...
Updated 11/2/20: Freddie Mac updated the effective date for the deployment of the new Unified Counterparty Experience System® from November 8, 2020 to December 7, 2020. FHLMC Guide Bulletin 2020-42 Investor Update August 19,...
Updated 1/27/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Zeta from October 28-29, 2020. Alabama Hurricane Zet a (DR-4573 Amendment 2 Updated 12/31/20: FEMA issued...
Updated 10/27/20: CNN published a report providing the latest forecast information for Tropical Storm Zeta, which is tracking toward the U.S. Gulf Coast after making landfall in Mexico as a Category...
Disaster Alert October 19, 2020 Source: USA Today NOTE: This has not yet been declared a FEMA Disaster. Tropical Storm Epsilon formed in the Atlantic Ocean on Monday and should reach hurricane strength by Thursday, the National Hurricane Center said. As...
Investor Update October 14, 2020 Source: Fannie Mae Foreclosure bidding / Third party sales The VMS Valuation Order Template has been updated to require the foreclosure sale date be completed when a servicer is requesting...
Investor Update October 14, 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 Finance...
Investor Update October 14, 2020 Source: Fannie Mae We are actively monitoring reports about the spread of COVID-19 (coronavirus) in the United States and understand that there are concerns about its potential impact on...
Investor Update October 14, 2020 Source: Freddie Mac This Guide Bulletin announces: Electronic Payment Deferral Agreement ▪ Requirements for eSignatures on Electronic Payment Deferral Agreements Transfers of Ownership and assumptions ▪ Expanded requirements for Transfers of Ownership Escrow requirements ▪ New requirement for...
FEMA Alert Update January 13, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Isaias from July 31 to October 4, 2020....
Updated 12/23/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Delta from October 6-10, 2020. Louisiana Hurricane Delta (DR-4570 Amendment 2) Updated 11/6/20: FEMA issued...
Investor Update October 8, 2020 Source: Freddie Mac MCLEAN, Va., Oct. 08, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded mortgage servicers of its disaster relief policies for homeowners as Hurricane Delta approaches Louisiana...
Investor Update October 8, 2020 Source: Fannie Mae WASHINGTON, Oct. 8, 2020 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) is reminding those impacted by Hurricane Delta of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines...
Investor Update October 6, 2020 Source: HUD (temporary policy waiver) Today, the Federal Housing Administration (FHA) published a temporary policy waiver to its Single Family Housing Policy Handbook 4000.1 requirements that suspends the standard inspection requirement for “interior” photographs of property...
FEMA Alert October 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020. The following county has been approved for...
FEMA Alert October 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by Tropical Storm Isaias on August 4, 2020. The following counties have been approved...
Investor Update September 28, 2020 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-32, FHA Catalyst: Claims Module – Expanded Functionality for Reacquisition Claims. This ML announces additional functionality within FHA Catalyst, enabling...
Investor Update September 24, 2020 Source: VA Fiscal Year 2020 End-of-Year Close Out – Due to end-of-year close out processing, the Department of Veterans Affairs (VA) Financial Management System (FMS) will not be available from...
Investor Update September 24, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie...
FEMA Alert Update October 13, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Florida affected by Hurricane Sally beginning on September 14, 2020 and continuing. The...
Updated 9/23/20: The Weather Channel published a report offering the latest updates on Tropical Storm Beta, which has become a post-tropical system and is spreading heavy rain across the Southeast U.S. Remnants of...
Investor Update September 22, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) is requesting input on its Strategic Plan: Fiscal Years 2021-2024 (the Plan), which establishes new goals that are necessary for FHFA to fulfill...
Updated 1/13/21: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Sally from September 14-16, 2020. https://www.fema.gov/disaster-federal-register-notice/dr-4563-al-amendment-005 Updated 9/20/20: FEMA issued a Presidential Major Disaster Declaration...
Investor Update September 17, 2020 Source: HUD Foreclosure protection offered to displaced families WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced federal disaster assistance for the State of Oregon to...
Investor Update September 16, 2020 Source: Fannie Mae WASHINGTON, Sept. 16, 2020 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) is reminding those impacted by Hurricane Sally and the West Coast Wildfires of available mortgage assistance and disaster relief...
Investor Update September 16, 2020 Source: Freddie Mac McLEAN, Va., Sept. 16, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded mortgage servicers of its disaster relief policies for homeowners amid Hurricane Sally and the...
Updated 9/16/20: The Weather Channel issued a report offering the latest on Hurricane Sally, which has made landfall in Alabama. Hurricane Sally Lashing Gulf Coast With Flooding Rain, Storm Surge and Damaging Winds...
Investor Update September 10, 2020 Source: HUD Today, the Federal Housing Administration (FHA) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to...
Investor Update September 9, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: Allowable foreclosure attorney fees*: updates the allowable foreclosure attorney fees for Hawaii. ▪ Miscellaneous revisions**: ▪ incorporates disaster payment deferral policies...
Investor Update August 24, 2020 Source: VA (Circular 26-20-12 Change 1) Additional Resource: Circular 26-20-12: Extended Relief Under the CARES Act for Those Affected by COVID-19 1. Purpose. The purpose of this Circular is to clarify the loan modification...
FEMA Alert September 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by Hurricane Isaias from July 29-31, 2020. The following municipalities have been approved for...
Investor Update September 8, 2020 Source: USDA USDA Rural Development has taken a number of immediate actions to help borrowers across the country. This announcement outlines relief measures for holders and/or loan servicers of...
Investor Update September 3, 2020 Source: Fannie Mae Effective Sept. 9, the maximum allowable amount for the Judicial Foreclosure fee has been updated from $4,950 to $9,000 for Honolulu County and from $6,000 to...
FEMA released a planning supplement to help communities plan for evacuations and shelter-in-place operations during the coronavirus (COVID-19) public health emergency. The “COVID-19 Supplement for Planning Considerations: Evacuation and Shelter-in-Place” supports...
Investor Update September 2, 2020 Source: HUD Today, the Federal Housing Administration (FHA) is issuing this clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in locations in the U.S....
Industry Update September 1, 2020 Source: Bloomberg Additional Resource: DS News (CDC Orders Temporary Halt to Residential Evictions) The Trump administration said it will use its quarantine authority to keep renters in their homes during the coronavirus...
Updated 8/28/20: FEMA issued a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020. Louisiana Hurricane Laura (DR-4559) Updated 8/28/20: FOX News published a report detailing...
Investor Update August 28, 2020 Source: USDA The purpose of this announcement is to inform lenders of additional guidance to provide support to borrowers impacted by the Presidentially declared COVID-19 National Emergency. Moratorium Extension: The 60-day...
Updated 9/9/20: The USDA updated a previous announcement regarding immediate measures it is taking to help rural residents, businesses and communities affected by the COVID-19 outbreak. The announcement now highlights guidance...
FEMA Declared Disaster Louisiana FEMA Alert Update September 12, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020. The following...
Investor Update August 27, 2020 Source: FHFA Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie...
Investor Update August 27, 2020 Source: HUD Subject: Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency Purpose: The purpose of this Mortgagee Letter (ML) is to inform mortgagees of an...
Updated 8/27/20: LL-2020-11 has been revised to clarify the intent of certain requirements in response to servicer inquiries. Additionally, an update has been made to the authority to offer an initial forbearance...
Investor Update August 27, 2020 Source: Fannie Mae Mortgage Assistance and Relief Options Also Available for Households Impacted by COVID-19 WASHINGTON, DC – To support households impacted by COVID-19, Fannie Mae (FNMA/OTCQB) today announced an...
Investor Update August 27, 2020 Source: Freddie Mac MCLEAN, Va., Aug. 27, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today extended its nationwide suspension of single-family foreclosures and evictions on mortgages and real...
Investor Update August 26, 2020 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Hurricane Laura and the California Wildfires of available mortgage assistance and disaster relief options. Under...
Updated 8/26/20: The Weather Channel issued a report offering the latest forecast information for Hurricane Laura, which is expected to make landfall along the U.S. Gulf Coast. Hurricane Laura Rapidly Intensifies Into a...
Updated 8/25/20: The Weather Channel issued a report detailing Tropical Storm Marco, which has weakened into a post-tropical storm system and is expected to completely dissipate over the next 24 hours. Marco Weakens...
FEMA Declared Disaster California FEMA Alert Update November 25, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in California affected by wildfires from September 4 to November 17,...
FEMA Alert Update August 21, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Arkansas affected by severe storms and straight-line winds that took place on April...
Updated 9/10/20: FEMA issued a Presidential Major Disaster Declaration for the Sac & Fox Tribe of the Mississippi (Iowa) as a result of a derecho that took place on August 10,...
FEMA Alert Update October 5, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms that took place on August 10, 2020. The following...
Disaster Alert August 13, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Disaster. At a Glance Tropical Storm Josephine has formed in the Atlantic. Josephine is forecast to track north...
Investor Update August 11, 2020 Source: VA Due to the high volume of Adequacy of Servicing (AOS) cases expected to generate over the next several months, VA has increased the amount released to 5,000...
Disaster Alert August 9, 2020 Source: CNN (CNN) — A 5.1-magnitude earthquake hit about 2 miles from the town of Sparta, North Carolina, early Sunday, along the state’s border with Virginia, according to the preliminary report...
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 8/6/20: FEMA issued an Emergency Declaration for areas in Connecticut affected by Tropical Storm Isaias on August 4, 2020. Connecticut Tropical Storm Isaias (EM-3535) Included Tribal Areas: Mashantucket Pequot Tribe (New London County,...
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 2/4/21: FEMA issued a Presidential Major Disaster Declaration for areas in Washington affected by wildfires and straight-line winds that took place September 1-19, 2020. Washington Wildfires and Straight-Line Winds (DR-4584) Updated 12/7/20: The...
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...
Updated 10/7/20: The Guardian published an article detailing historic wildfire activity that continues to impact portions of California. California wildfires spawn first ‘gigafire’ in modern history Updated 10/1/20: FOX News published a report offering...
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 Updated 10/14/20: Fannie Mae updated its Payment Deferral Lender Letter to clarify that a borrower’s acceptance of a payment deferral will result in the mortgage loan’s withdrawal...
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 2/17/21: Fannie Mae issued a Lender Letter updating the MassHousing Mortgage Insurance Fund’s Loan Loss Reserve Agreement, Commitment/Certificate, and Mortgage Payment Protection Endorsement Forms as well as the list of Approved Mortgage...
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...
