Author: Alert team

Industry Update December 14, 2021 Source: Fannie Mae Fannie Mae is reminding homeowners and renters impacted by the recent tornadoes in communities across Kentucky, Missouri, Illinois, Tennessee, Arkansas, and Mississippi of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural...

FEMA Alert December 13, 2021 FEMA issued an Emergency Disaster Declaration for areas of Illinois affected by severe storms, straight-line winds, and tornadoes on December 10, 2021.  More information will be provided as it becomes available. Illinois Severe Storms, Straight-line Winds, and Tornadoes (EM-3577-IL)     Additional Resources FEMA’s web site FEMA’s Disaster...

FEMA Alert December 13, 2021 FEMA issued an Emergency Disaster Declaration for areas of Tennessee affected by severe storms, straight-line winds, and tornadoes on December 10-11, 2021.  The following counties have been approved for assistance: Public Assistance: Cheatham Decatur Dickson Dyer Gibson Lake Obion Stewart Weakley Tennessee Severe Storms,...

FEMA Alert December 13, 2021 FEMA issued an Emergency Disaster Declaration for areas of Illinois affected by severe storms, straight-line winds, and tornadoes on December 10, 2021.  The following counties have been approved for assistance: Individual Assistance: Bond Public Assistance: Bond Cass Coles Effingham Fayette Jersey Macoupin Madison Montgomery ...

Industry Update December 1, 2021 Source: www.thetruthaboutmortgage.com Similar to the FHFA, the U.S. Department of Housing and Urban Development (HUD) announces maximum loan limits each year for FHA loans. Today, they unveiled the 2022 FHA loan limits, which like the 2022 conforming loan limits, will be significantly higher than the...

Industry Update November 23, 2021 Source: Calculated Risk Freddie Mac reported that the Single-Family serious delinquency rate in October was 1.32%, down from 1.46% in September. Freddie’s rate is down year-over-year from 2.89% in October 2020. Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble, and peaked...