Alerts

Industry Update July 6, 2020 Source: DS News Additional Resource: U.S. Supreme Court No. 19-631 The U.S. Supreme Court announced Monday that it has invalidated a 2015 amendment from the Telephone Consumer Protection Act (TCPA), and ruled Congress “impermissibly favored” debt-collection speech over political speech—violating the First Amendment. Justice Brett Kavanaugh said that...

Updated 10/7/20: The Guardian published an article detailing historic wildfire activity that continues to impact portions of California. California wildfires spawn first ‘gigafire’ in modern history     Updated 10/1/20: FOX News published a report offering updates on wildfire activity that has destroyed structures in Northern California. Live Coverage: California wildfires fueled...

Disaster Alert June 29, 2020 Source: Desert News Additional Resource: KJZZ.com (Multiple Wildfires Burn Thousands of Acres Across Utah) KSL NewsRadio: 3,100 Homes Evacuated in Saratoga Springs After Lightning Sparks Fire Near Utah Lake Evacuation Orders Lifted in Lehi, Draper After 500-Acre Fire Sparked by Fireworks Utah Wildfire Info Approximate locations sustaining home damage: Utah Canal Fire (30,000...

Disaster Alert Source: FEMA (Daily Ops Briefing Slide 6) Earthquakes – Puerto Rico – At 2:42 a.m. ET on June 28, a magnitude 4.8 earthquake occurred near Ponce (pop 153k), Puerto Rico, at a depth of 7 miles – 42 aftershocks ranging from 2.0 to 4.5 have occurred in the same area, aftershocks continue – Level...

Disaster Alert Source: tucson.com NOTE: This has not yet been declared a FEMA Major Disaster. Residents in the southern Catalinas between Catalina Highway milepost 3 and Redington Road were given evacuation orders Sunday night due to the Bighorn Fire, which surpassed 100,000 acres. The northern and southern boundaries of the evacuation...

FEMA Alert Update June 26, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by severe storms, tornadoes and flooding that took place February 6-19, 2020. The following county is eligible for assistance: Public Assistance Gaston North Carolina Severe Storms, Tornadoes and...

Investor Update June 23, 2020 Source: FHFA 1​​Q20 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 26,910 foreclosure prevention actions in the first quarter, bringing the total to 4,433,876 since the start of conservatorships in September 2008. Of these actions, 3,735,202 have helped troubled homeowners stay in...

Industry Update June 18, 2020 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The pilot AO program will allow entities seeking to comply with regulatory requirements to submit a...

Investor Update June, 18 2020 Source: VA Circular 26-18-21 – Property Inspection Requirements on CARES Act Forbearance Cases, was issued on June 8, 2020, and is located at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp. Circular 26-20-18 – Extended Foreclosure Moratorium for Borrowers Affected by COVID-19, was issued on May 15, 2020, and is located at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp. Events with Fatal Rules...

Investor Update June 17, 2020 Source: Fannie Mae Additional Resource: Excess Atttorney Fee/Cost Guidelines The following AAA matrices (9) have been updated effective June 17. Please review the appropriate jurisdiction-specific AAA matrix for additional details. For full announcement, please click source link above. ...