Alerts

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...

Updated 9/16/20: The Weather Channel issued a report offering the latest on Hurricane Sally, which has made landfall in Alabama. Hurricane Sally Lashing Gulf Coast With Flooding Rain, Storm Surge and Damaging Winds After Making Landfall Updated 9/15/20: AccuWeather published a report offering the latest forecast information on Hurricane Sally, which...

Investor Update September 10, 2020  Source: HUD Today, the Federal Housing Administration (FHA) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to the Presidentially -Declared COVID-19 National Emergency for Home Equity Conversion Mortgages (HECM). The extension of...

Investor Update September 9, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: Allowable foreclosure attorney fees*: updates the allowable foreclosure attorney fees for Hawaii. ▪ Miscellaneous revisions**: ▪ incorporates disaster payment deferral policies as well as adds references to payment deferral throughout the Servicing Guide, ▪ updates the authority to...

Investor Update August 24, 2020 Source: VA (Circular 26-20-12 Change 1) Additional Resource: Circular 26-20-12: Extended Relief Under the CARES Act for Those Affected by COVID-19 1. Purpose. The purpose of this Circular is to clarify the loan modification option, VA Purchase option, and remove a reference to a lump sum payment. 2. Therefore, Circular...

FEMA Alert September 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by Hurricane Isaias from July 29-31, 2020. The following municipalities have been approved for assistance: Individual Assistance Aguada Hormigueros Mayaguez Rincon Puerto Rico Hurricane Isaias (DR-4560) Additional Resources FEMA’s web site FEMA’s Disaster...

Investor Update September 8, 2020 Source: USDA USDA Rural Development has taken a number of immediate actions to help borrowers across the country.  This announcement outlines relief measures for holders and/or loan servicers of USDA Single Family Housing Guaranteed Loan Program (SFHGLP) mortgages and provides guidance on assisting borrowers...