Author: Alert team

  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 Update August 22, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following counties are eligible for...

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...

Source: Wall Street Journal By Harriet Torry Updated Aug. 13, 2019 3:21 pm ET U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak One factor could be homeowners tapping into home equity for cash when they refinance Americans’ mortgage debt dropped by about 15% from the 2008 peak to the trough in...

MBA: Mortgage Delinquencies Rise in Second Quarter Source: MBA NewsLink August 14, 2019 Mortgage delinquencies rose in the second quarter as the economy showed signs of slowing, putting more homeowners at risk, the Mortgage Bankers Association reported yesterday. The MBA 2nd Quarter Mortgage Delinquency Survey reported the delinquency rate...