Alerts

FEMA Declared Disaster Texas

FEMA Alert July 17, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding that took place June 24-25, 2019. The following counties are eligible for assistance: Individual Assistance
  • Cameron
  • Hidalgo
  • Willacy
See Link below for more information: https://www.fema.gov/news-release/2019/07/17/president-donald-j-trump-approves-major-disaster-declaration-texas   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium on Foreclosure VA’s Policy Regarding Natural Disasters Freddie Mac Disaster Relief Policies Fannie Mae’s Natural Disaster Relief Policies

FEMA Declared Disaster Ohio FEMA Alert Update July 17, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Ohio affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that took place May 27-29, 2019. The following county is eligible for assistance: Public Assistance ...

Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates Investor Update July 12, 2019 Source: Freddie Mac We’re making changes to simplify servicing mortgages for Freddie Mac. Today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-12 announces updates related to: Deed-in-lieu of foreclosure inspection requirements. EDR Codes. Subsequent transfer of servicing requirements for mortgages registered...

OCC: National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast Allowed to Close Investor Update July 12, 2019 Source: OCC WASHINGTON — The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies...

VA: VALERI Servicer Newsflash Investor Update July 15, 2019 Source: VA IMPORTANT INFORMATION Servicer Recorded Training – The recorded May 2019 servicer training is now available and is located under the Servicer Access to VALERI section on the VALERI Internet page at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. The training covers approving access for servicer users, navigating the...

Freddie Mac: REO Reimagined is Here Investor Update July 15, 2019 Source: Freddie Mac Today, we are relieving Servicers of most post-foreclosure responsibilities for real estate owned (REO) properties in response to client feedback. Under the Reimagine ServicingSM initiative, REO Reimagined is all about streamlining a process that was previously manual and...

Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages: •Homeowners affected by...

FEMA Declared Disaster Oklahoma FEMA Alert July 12, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding that took place April 30 to May 1, 2019. The following counties are eligible for assistance: Public Assistance Alfalfa Atoka Bryan ...

  Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry Investor Update July 12, 2019 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Tropical Storm Barry of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages: •Homeowners affected by...

TO: Freddie Mac Sellers July 10, 2019 | 2019-16 SUBJECT: SELLING UPDATES This Guide Bulletin announces: Home Possible® Mortgages Changes to the income limits related to Home Possible Mortgages, including: ➢ Revised Borrower income limit ➢ 2019 AMI limits ➢ Loan Product Advisor® impacts Updates to...