Alerts

Investor Update September 28, 2020  Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-32, FHA Catalyst: Claims Module – Expanded Functionality for Reacquisition Claims. This ML announces additional functionality within FHA Catalyst, enabling mortgagees to electronically submit reacquisition claims for FHA benefits. Implementing this new feature is part...

Investor Update September 24, 2020 Source: VA Fiscal Year 2020 End-of-Year Close Out – Due to end-of-year close out processing, the Department of Veterans Affairs (VA) Financial Management System (FMS) will not be available from October 1, 2020, to October 4, 2020. As a result, no payments authorized in VALERI...

Investor Update September 24, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 252,014 foreclosure prevention actions in the second quarter of 2020, bringing...

FEMA Alert September 23, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Florida affected by Hurricane Sally beginning on September 14, 2020 and continuing. The following counties have been approved for assistance: Public Assistance Bay Calhoun Escambia Franklin Gadsden Gulf Holmes Jackson Liberty Okaloosa Santa...

Updated 9/23/20: The Weather Channel published a report offering the latest updates on Tropical Storm Beta, which has become a post-tropical system and is spreading heavy rain across the Southeast U.S. Remnants of Beta to Spread a Threat of Flooding Rainfall From the Lower Mississippi Valley Into Southeast Approximate locations...

Investor Update September 22, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) is requesting input on its Strategic Plan: Fiscal Years 2021-2024 (the Plan), which establishes new goals that are necessary for FHFA to fulfill its statutory duties, including responsibly ending the conservatorships of Fannie Mae and Freddie Mac (the...

Updated 9/20/20: FEMA issued a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Sally beginning on September 14, 2020 and continuing. https://www.fema.gov/disaster/4563 Updated 9/18/20: USA Today issued a report offering the latest on Hurricane Sally, which has lost all characteristics of a tropical storm and is moving...

Investor Update September 17, 2020  Source: HUD Foreclosure protection offered to displaced families WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced federal disaster assistance for the State of Oregon to provide support to homeowners and low-income renters displaced from their homes in areas affected by...

Investor Update September 16, 2020 Source: Fannie Mae   WASHINGTON, Sept. 16, 2020 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) is reminding those impacted by Hurricane Sally and the West Coast Wildfires of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster: • Homeowners may...

Investor Update September 16, 2020 Source: Freddie Mac   McLEAN, Va., Sept. 16, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded mortgage servicers of its disaster relief policies for homeowners amid Hurricane Sally and the ongoing wildfires threatening California and the Western states. Freddie Mac’s disaster relief options are available...