Author: Alert team

Disaster Alert March 14, 2021 Source: Amarillo Globe-News Additional Resource: The Weather Channel (Tornado Causes Damage in North Texas) Approximate location (according to media outlets) sustaining structural damage: Texas -Canyon (Randall County, 79015, 79016) *Concentrated damage reported in Palo Duro Canyon Clarendon (Donley County, 79226) Claude (Armstrong County, 79019) Happy (Randall/Swisher Counties, 79042) *Hardest Hit Area Nazareth (Castro County,...

Investor Update March 10, 2021 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Property valuation orders for charge-offs*: updates our requirements for submitting a charge-off request to us via our servicing solutions system. ▪ Reimbursement of recording costs for mortgage loan satisfactions*: reflects a recent...

Updated 3/10/21: Media outlets are reporting that heavy rain continues to trigger flash flooding across the Hawaiian Islands: CNN (Hawaii Declares an Emergency as Flooding Causes Extensive Damage, Including Bridge Collapses) The Weather Channel (Emergency Declared as Hawaii Flooding Forces Evacuations) Additional approximate locations experiencing structural flooding (according to media outlets): Hawaii – Haleiwa...

Disaster Alert March 9, 2020 Source: Volcano Discovery NOTE: This has not been declared a FEMA Major Disaster. An earthquake of magnitude 4.8 occurred after midnight on Tuesday 9 March 2021 at 12:43 am local time near Carolina, Carolina Barrio-Pueblo, Puerto Rico, as reported by the United States Geological Survey. According...

Disaster Alert March 2, 2020 Source: The Weather Channel Additional Resource: Office of Kentucky Governor Andy Beshear (Gov. Beshear Declares State of Emergency Due to Heavy Rainfall Across the Commonwealth) Office of West Virginia Governor Jim Justice (Gov. Justice Declares State of Emergency for 18 Counties Affected by Flooding)   Approximate locations reportedly sustaining...

Industry Update March 1, 2021 Source: CFPB WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind...

Industry Update February 26, 2021 Source: CNBC Additional Resource: The Texas Tribune (Texas Judge Rules Federal Eviction Moratorium Unconstitutional. Lawyers and Advocates Disagree on What That Means for Tenants.) KEY POINTS A federal judge in Texas ruled that the national ban on evictions is unconstitutional. Advocates warn of a spike in evictions. A...

Legislation Update February 26, 2021 Source: The Florida Senate (HB 1393 Full Text/Info) Additional Resource: The Florida Senate (SB 1808  Full Text/Info) *Companion Bill Abandoned Residential Real Property; Provides remedies for abandoned residential real property, including authorizes entry on property for abatement & maintenance; requires notices; authorizes removal of property; authorizes county or municipality...

Industry Update February 26, 2021 Source: CNBC Additional Resource: The Texas Tribune (Texas Judge Rules Federal Eviction Moratorium Unconstitutional. Lawyers and Advocates Disagree on What That Means for Tenants.) KEY POINTS A federal judge in Texas ruled that the national ban on evictions is unconstitutional. Advocates warn of a spike in evictions. A...