Author: Alert team

Sale includes Community Impact Pool Source: HousingWire September 12, 2019 Kelsey Ramírez Fannie Mae began marketing its latest sale of non-performing loans totaling more than $1 billion in unpaid principal balance. The latest non-performing loans sale included the company’s sixteenth Community Impact Pool. Why you need construction loan management techSponsored by Land...

DECLARED SEPTEMBER 13, 2019 SUMMARY STATE: Arkansas NUMBER: FEMA-4460-DR INCIDENT: Severe Storms, Straight-line Winds, Tornadoes, and Flooding INCIDENT PERIOD: June 23-24, 2019 DATE REQUESTED BY GOVERNOR: August 15, 2019 FEDERAL COORDINATING OFFICER: Jerry S. Thomas National FCO Program DESIGNATIONS AND TYPES OF ASSISTANCE: INDIVIDUAL...

Source: The Weather Channel Approximate locations experiencing home damage (tornado, straight-line winds): South DakotaSioux Falls (Minnehaha County, 57103, 57104, 57105, 57106, 57107, 57108, 57110) NOTE: This has NOT yet been declared a FEMA Major Disaster. At a Glance Three tornadoes and damaging straight-line winds struck Sioux Falls, South Dakota, Tuesday night.Southern...

Investor UpdateSeptember 9, 2019 Source: VA IMPORTANT INFORMATIONTransfer of Custody (TOC) – Some TOC events reported via servicing system nightly files are not being generated in VALERI. In these instances, the event should be reported manually on the Events Bulk Upload Template. The template and the VALERI Servicer User...

Updated 9/9/19: The VA issued Circular 26-19-24 – Change 1.  Circular 26-19-24 – Change 1 (full circular) Investor UpdateAugust 19, 2019 Source: VA 1. Purpose. This Circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department of Veterans Affairs’ (VA) guaranteed home loans to delinquent borrowers in...

Investor UpdateSeptember 10, 2019 Source: FHFA Chairman Crapo, Ranking Member Brown, and distinguished members of the Committee, thank you for the invitation to appear at this morning’s hearing. I can think of few issues in our financial system more in need of our attention. Our nation’s housing finance system...

Investor UpdateSeptember 11, 2019 Source: Fannie Mae The Servicing Guide has been updated to include changes or clarifications related to the following: • Foreclosure and Bankruptcy Allowable Attorney Fees*• Miscellaneous Revisionso Guide Updates for Maximum Servicing Fee for UMBS Loans**o Reporting Bankruptcy Notifications to Fannie Mae**o Document Custodian Timing Requirements for...

The Florida Division of Emergency Management (FDEM) announced $25 million is now available to communities impacted by Hurricane Michael through the Hurricane Michael State Recovery Grant Program. This grant funding can be used for projects that support hurricane repair and recovery related to Hurricane Michael. “As...

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 evacuation orders went into effect from Florida to South Carolina. At a Glance States of emergency...