Author: Alert team

Industry Update October 08, 2021 Source: Bankrate.com   In the 18 months since the CARES Act first passed, over a million American homeowners took advantage of the forbearance protections the law provided for. After a few extensions, the mortgage payment pause officially ended — or will be ending soon — for 1.2...

FEMA Alert October 8, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by Tropical Storm Fred that took place August 18-19, 2021. The following counties have been approved for assistance: Public Assistance Allegany Cayuga Cortland Lewis Oneida Steuben Tioga Yates New York Remnants...

Investor Update September 28, 2021 Source: OCC   WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021. The OCC Mortgage Metrics Report, Second Quarter 2021 showed that 95.0 percent of mortgages included in the...

Industry Update September 27, 2021 Source: CalculatedRisk Freddie Mac reported that the Single-Family serious delinquency rate in August was 1.62%, down from 1.74% in July. Freddie’s rate is down year-over-year from 3.17% in August 2020. Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble, and...

Industry Update September 15, 2021 Source: CalculatedRisk Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 10, 2021. This week’s results include an adjustment for the Labor Day holiday. The Refinance Index...

FEMA Alert September 13, 2021 FEMA issued an Emergency Declaration for areas in Louisiana affected by Tropical Storm Nicholas that began on September 12, 2021. All parishes have been approved for assistance.   Louisiana Tropical Storm Nicholas (EM-3574)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium on Foreclosure VA’s Policy Regarding...

FEMA Alert September 13, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Arizona affected by severe storms and flooding that took place July 22-24, 2021. The following counties have been approved for assistance: Apache Coconino Navajo Arizona Severe Storms And Flooding (DR-4620)     Additional Resources FEMA’s web site FEMA’s...

Industry Update September 13, 2021 Source: AZ Big Media ATTOM, curator of the nation’s premier property database, released its third-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,332,706) residential properties in the United States sit vacant. That represents 1.4 percent, or one in 74 homes,...

FEMA Alert September 13, 2021 FEMA issued an Emergency Declaration for areas in Louisiana affected by Tropical Storm Nicholas that began on September 12, 2021. All parishes have been approved for assistance.   Louisiana Tropical Storm Nicholas (EM-3574)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium on Foreclosure VA’s Policy Regarding...

FEMA Alert  September 12, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in California affected by the Caldor Fire that began on August 14, 2021. The following counties have been approved for assistance: Alpine Amador El Dorado Placer California Caldor Fire (DR-4619) ...