Author: Alert team

FEMA Alert Update June 8, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms, straight-line winds and tornadoes that took place March 25-26, 2021. The following additional counties have been approved for assistance: Public Assistance Bibb Calhoun Clay ...

Legislation Update April 26, 2021 Source: LegiScan (HB 6593 Information/Full Text) Sample Bill Text:   16 (b) No property preservation clause set forth in any mortgage 17 permitting the mortgagee the right to secure, preserve or protect the 18 residential real property shall be construed as to permit the mortgagee, 19 or any agent, employee...

Investor Update April 26, 2021 Source: HUD Today, the Federal Housing Administration (FHA) announced the availability of the prerecorded webinar — Single Family Housing Policy Handbook 4000.1 Section III: Servicing and Loss Mitigation Key Changes — that covers the policy changes and process improvements to the Servicing and Loss Mitigation section of Handbook 4000.1 that published...

Disaster Alert April 25, 2021 Source: FOX News Additional Resources: AL.com (Two Tornadoes Confirmed in Alabama from Saturday’s Storms) NBC 4 (Confirmed Tornado Touched Down in New York During Wednesday’s Powerful Storms) Approximate locations (according to media outlets) sustaining structural damage: Alabama Tornado – Headland (Henry County, 36345) New York Tornado – Amenia (Dutchess County, 12501) Texas Tornadoes – Lockett (Wilbarger County,...

FEMA Alert April 23, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Kentucky affected by severe storms, flooding, landslides and mudslides that took place February 27 to March 14, 2021. The following counties have been approved for assistance: Individual Assistance Breathitt Clay Estill Floyd Johnson ...

FEMA Alert April 21, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe winter storms that took place February 11-19, 2021. The following counties have been approved for assistance: Public Assistance Bedford Cannon Coffee DeKalb Fentress Jackson Moore Overton Pickett Putnam Scott ...

Updated 5/3/21: CFPB Acting Director Dave Uejio and FTC Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than two million units. The letters remind these landlords of federal protections in place to keep tenants in their...

Investor Update April 19, 2021 Source: HUD Updates to Single Family Handbook policies strengthen loss mitigation approaches for struggling borrowers while streamlining key requirements for servicers   WASHINGTON – The Federal Housing Administration (FHA) today announced the publication of its update to the Servicing and Loss Mitigation section of the FHA Single Family Housing...

Investor Update April 19, 2021 Source: HUD Department removes onerous restrictions that limited island’s access to funds, obligates $8.2 billion in federal mitigation funding   WASHINGTON – The Department of Housing and Urban Development today announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds for Puerto...