Author: Alert team

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 will further strengthen the Enterprises’ Seller/Servicer requirements and provide transparency and consistency of capital and...

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 in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the...

Investor Update January 30, 2020 Source: FHFA ​​Washington, D.C.  – Today, the Federal Housing Finance Agency (FHFA) announced a realignment that will further bolster FHFA’s capacity as a world-class regulator of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks. The realignment of its structure is designed to ensure...

Investor Update January 27, 2020 Source: USDA The Rural Housing Service (RHS or Agency) published a final rule on December 26th, 2019, implementing changes to the Single Family Housing Guaranteed loan program (SFHGLP) regulation to streamline the loss claim process for lenders who have acquired title to property through...

Disaster Alert January 24, 2020 Source: NBC News Additional Resource: ABC 13 Eyewitness News Approximate locations containing home damage: Texas – Westbranch, Houston (Harris County, 77041) NOTE: This has not yet been declared a FEMA Major Disaster. A large explosion at a plant in Houston early Friday was felt for miles, left rubble scattered as far as...

FEMA Alert January 17, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by severe storms and flooding that took place October 1 to November 1, 2019. The following municipalities are eligible for assistance: Public Assistance Addison Chittenden Essex Franklin Lamoille Orange Orleans Washington Vermont...

FEMA Declared Disaster Puerto Rico FEMA Declared Disaster Puerto Rico FEMA Alert Update March 10, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Puerto Rico affected by earthquakes from December 28, 2019, to February 4, 2020. The following municipalities are eligible for assistance: Individual Assistance ...

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 (Baxter County, 72651) – Prairie View (Logan County, 72863) – Scranton (Logan County, 72863) Louisiana – Benton (Bossier Parish,...