Author: Alert team

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 Highway 101 for hours. Homes in San Francisco’s West Portal neighborhood were flooded. A rockslide...

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 SFHGLP loan processing and activity for the following states will be transferred into the SFHGLP...

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 Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II forward mortgages. These...

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 Enterprises).  The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through June 30,2019 and reflects...

Disaster Alert November 29, 2019 Source: The Weather Channel Additional Resources: azcentral.com (3 tornadoes touched down in metro Phoenix on Friday morning, National Weather Service confirms) FOX 10 Phoenix (NWS confirms tornadoes blew through parts of the Valley) Approximate locations sustaining home damage Texas – Gilbert (Maricopa County, 85295)* *Tornado touch down in the area of...

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 not been reported at this time. NOTE: This has not yet been declared a FEMA Major Disaster. SANTA...

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 and related endorsements and other forms (Forms). These Forms provide the terms of mortgage insurance...

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 externalities from foreclosures. VPROs were widely adopted by local governments across the United States during...

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 9-26, 2019. The following counties are eligible for assistance: Individual Assistance Brookings Charles Dix Davison Hanson Hutchinson ...