Alerts

  Investor Update September 3, 2020 Source: Fannie Mae Effective Sept. 9, the maximum allowable amount for the Judicial Foreclosure fee has been updated from $4,950 to $9,000 for Honolulu County and from $6,000 to $10,000 for all other Hawaii counties in the Hawaii AAA Matrix. To download the full matrix,...

FEMA released a planning supplement to help communities plan for evacuations and shelter-in-place operations during the coronavirus (COVID-19) public health emergency. The “COVID-19 Supplement for Planning Considerations: Evacuation and Shelter-in-Place” supports and builds off of “Planning Considerations: Evacuation and Shelter-in-Place,” released in 2019. Evacuation and shelter-in-place protective...

Investor Update September 2, 2020  Source: HUD Today, the Federal Housing Administration (FHA) is issuing this clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in locations in the U.S. and its territories when the President declares a major disaster area during the COVID-19 pandemic....

  Industry Update September 1, 2020 Source: Bloomberg Additional Resource: DS News (CDC Orders Temporary Halt to Residential Evictions) The Trump administration said it will use its quarantine authority to keep renters in their homes during the coronavirus pandemic as a way to prevent an eviction crisis that could worsen economic strains. The Centers...

Updated 8/28/20: FEMA issued a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020. Louisiana Hurricane Laura (DR-4559) Updated 8/28/20: FOX News published a report detailing tornadic activity spawned by the remnants of Hurricane Laura that impacted portions of Arkansas. Arkansas church...

Investor Update August 28, 2020 Source: USDA The purpose of this announcement is to inform lenders of additional guidance to provide support to borrowers impacted by the Presidentially declared COVID-19 National Emergency. Moratorium Extension: The 60-day foreclosure and eviction moratorium announced by USDA, Single Family Housing Guaranteed Loan Program (SFHGLP) on...

FEMA Declared Disaster Louisiana FEMA Alert Update September 12, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020. The following parishes are eligible for assistance: Individual Assistance Caddo La Salle St. Landry Louisiana Hurricane Laura (DR-4559 Amendment...

Investor Update August 27, 2020 Source: FHFA Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real...

Investor Update August 27, 2020  Source: HUD Subject: Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency Purpose:  The purpose of this Mortgagee Letter (ML) is to inform mortgagees of an extension to the foreclosure and eviction moratorium originally issued in ML 2020-4, extended in ML...