Alerts

Disaster Alert August 13, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Disaster. At a Glance Tropical Storm Josephine has formed in the Atlantic. Josephine is forecast to track north of the Leeward Islands by this weekend. This system should also encounter increasing wind shear...

Investor Update August 11, 2020 Source: VA Due to the high volume of Adequacy of Servicing (AOS) cases expected to generate over the next several months, VA has increased the amount released to 5,000 per day.  This increase will begin Tuesday, August 11, 2020. VA requests that servicers report the...

Legislation Update July 22, 2020 Source: The New York State Senate (full bill text) Sponsor Memo BILL NUMBER: S4408 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the real property law, in relation to the regulation of default and foreclosure of reverse mortgages issued under the federal home equity conversion mortgage for seniors...

Updated 8/6/20: FEMA issued an Emergency Declaration for areas in Connecticut affected by Tropical Storm Isaias on August 4, 2020. Connecticut Tropical Storm Isaias (EM-3535) Included Tribal Areas: Mashantucket Pequot Tribe (New London County, 06338) Mohegan Tribe of Indians (New London County, 06382) Updated 8/5/20: Patch.com published a report outlining major creek/river...

Investor Update July 28, 2020  Source: HUD Wade’s housing expertise includes her previous role as Acting Federal Housing Commissioner and Assistant Secretary for Housing WASHINGTON – U.S. Department of Housing and Urban Development Secretary Ben Carson today applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s...

Updated 10/26/20: The Weather Channel published a report offering the latest on two active Colorado wildfires that have become the largest in state history. Colorado Wildfires Burn Hundreds of Homes Before Snow Brings Some Relief Event Overview: Cameron Peak Fire (208,663 acres; 64% containment) August 13 – Present Larimer County ...

Updated 7/27/20: The Weather Channel issued a report offering the latest on Tropical Depression Hanna, which has caused flooding and damage in South Texas. Tropical Depression Hanna Unleashes Flooding, Power Outages Across South Texas, Northeastern Mexico Updated 7/26/20: FEMA issued an Emergency Declaration for areas in Texas affected by...

Updated 7/27/20: The Weather Channel published a report offering the latest updates for Hurricane Douglas, which is pulling away from Hawaii and expected to return to open water. Hurricane Douglas Brushes Hawaii with Rain and Wind Updated 7/26/20: Hawaii News Now published an article detailing the latest warnings and watches issued...