Author: Alert team

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...

FEMA Declared Disaster Wisconsin FEMA Alert August 27, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Wisconsin affected by severe storms, tornadoes, straight-line winds and flooding that took place July 18-20, 2019. The following counties are eligible for assistance: Public Assistance Barron Clark Forest La Crosse Langlade ...

FEMA Declared Disaster Louisiana FEMA Alert Update October 10 , 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Barry from July 10-15, 2019. The following parish is eligible for assistance: Public Assistance St. Landry FEMA Release: Louisiana Hurricane Barry (DR-4458 Designated...

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...