Author: Alert team

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 in Presidentially-Declared Major Disaster Areas (PDMDA). This ML strengthens and expands FHA’s loss mitigation options...

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 relief policies for borrowers as Hurricane Dorian approaches Florida. Freddie Mac’s disaster relief options are...

  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 options. Under Fannie Mae’s guidelines for single-family mortgages: – Homeowners may request mortgage assistance by contacting...

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 issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of...

FEMA Declared Disaster Mississippi FEMA Alert March 12, 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 January 10-11, 2020. The following counties are eligible for assistance: Public Assistance Bolivar Choctaw Clay DeSoto Oktibbeha Panola ...

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 of Veterans Affairs’ (VA) guaranteed home loans to delinquent borrowers in accordance with Title 38,...

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 efficiency. • You can now use eModification agreements to modify paper notes and eMortgages. • Freddie Mac...

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 of the following changes that will simplify and streamline the cash remittance and reconciliation process: ▪ Fannie...

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 that took place May 7 to June 9, 2019. The following counties are eligible for...

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 flooding that took place March 9 to July 14, 2019. The following county is eligible for...