Alerts

Fannie Mae: SVC-2020-02: Servicing Guide Update Investor Update June 10, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution*: updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual...

Updated 6/10/20: The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek. Severe Thunderstorms With Damaging Winds Threaten Great Lakes, Upper Ohio Valley and Interior Northeast on Wednesday pdated 6/9/20: The Weather...

  6.4-Magnitude Earthquake Hits California Updated 6/4/20: FOX News issued a report detailing earthquake activity in Southern California. The 5.5 magnitude event that struck near Searles Valley is believed to be an aftershock stemming from an earthquake that occurred in July 2019. Earthquake in Southern California pegged at magnitude...

Widespread Property Damage Results from Civil Protests Property Damage Results from Civil Protests Updated 6/18/20: As details continue to be made available regarding instances of property damage resulting from civic protests across the country, a listing of identified commercial structures sustaining associated damage has been compiled. NOTE: This list will...

Disaster Alert May 27, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Major Disaster. At a Glance Bertha has weakened to a tropical depression after making landfall along the coast of South Carolina on Wednesday morning. Bertha’s main threat will be heavy rain spreading northward...

Updated 5/22/20: The VA issued Circular 26-19-17: Change 2. Circular 26-19-17: Change 2 Updated 10/17/19: The VA issued Circular 26-19-17: Change 1. Circular 26-19-17: Change 1 Investor Update June 28, 2019 Source: VA 1. Purpose. This Circular supplements the Department of Veterans Affairs (VA) Lenders Handbook, Chapter 8, Topic 8, The VA Funding Fee, and updates...

FEMA Releases COVID-19 Operational Guidance for Hurricane Season FEMA released "COVID-19 Pandemic Operational Guidance for the 2020 Hurricane Season" to help emergency managers and public health officials best prepare for disasters, while continuing to respond to and recover from COVID-19. The guide provides actions emergency managers and...

FEMA Alert May 21, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms and flooding that took place February 5 to March 6, 2020. The following counties are eligible for assistance: Public Assistance Butler Chambers Choctaw Colbert Covington Crenshaw Cullman Dallas Fayette ...

Investor Update May 18, 2020 Source: Freddie Mac The launch of Freddie Mac’s Servicing Gateway nearly six months ago transformed the way you access your servicing tools. We’re committed to helping you work faster and smarter through every stage of the servicing process. Effective May 25, 2020, in response to Servicer feedback, we’ll...