Author: Alert team

Updated 3/26/21: The Weather Channel issued a report providing the latest on severe thunderstorm activity that caused major residential home damage in Alabama and other locations in the southern U.S. Severe Weather Outbreak Spawns Damaging Tornadoes in Alabama Approximate areas reportedly sustaining structural damage: Alabama Tornadoes/High Winds – Birmingham (Jefferson County) *Eagle Point subdivision,...

Investor Update March 24, 2021 Source: Fannie Mae With the introduction of Property 360™ for Expense Reimbursement, Fannie Mae will eventually discontinue use of the third-party site, LoanSphere 571 Invoicing, for claims processing. Fannie Mae’s Property 360 will provide greater flexibility and agility in user experience, opportunities for further...

Disaster Alert March 23, 2021 Source: The Weather Channel Approximate locations (according to media outlets) sustaining structural damage: Texas Straight-Line Winds – Bertram (Burnet County, 78605) At a Glance The storm struck shortly before 10 p.m. Monday. At least two buildings were destroyed and others damaged. Severe thunderstorms rolled across Central Texas much...

Legislation Update March 19, 2021 Source: The New York State Senate (A6519 Full Text/Info) Additional Resource:   https://cbs6albany.com/news/local/governor-cuomo-signs-legislation-addressing-plague-of-zombie-properties SUMMARY Prohibits a person, municipality or governmental entity from using plywood, wood composite, wood veneer, or similar wood-based products to secure any real property that is deemed vacant and abandoned. TEXT SNIPPET (b) No person, municipality or governmental...

Updated 3/18/21: The Weather Channel published a report providing an update on severe storm activity that caused structural damage in portions of North Carolina. Damage Reported in North Carolina As Possible Tornado Moves Through Approximate locations (according to media outlets) sustaining structural damage: North Carolina Tornado/High Winds – Burlington (Alamance/Guilford Counties, 27215, 27216,...

Industry Update March 16, 2021 Source: CNN (CNN)– Wildfires and hurricane-force winds produce stunning videos and headlines, but flooding is the most common and costly natural disaster in the United States. And almost no place in the country is immune as 98% of all counties in the US have experienced at...

Disaster Alert March 14, 2021 Source: KMBC ABC 9 Additional Resource: Address Report (Rio Lobo Ranches Community Map) Approximate location (according to media outlets) sustaining structural damage: Kansas -Stilwell (Johnson County, 66013, 66085) *Concentrated damage reported in Rio Lobo Ranches community: – 193rd Terrace and Antioch Road – 191st Street and Hardy Street KANSAS CITY, Mo. — Severe thunderstorms...

Disaster Alert March 14, 2020 Source: App Approximate locations (according to media outlets) sustaining structural damage: New Jersey – Brick (Ocean County, 08723, 08724) *Concentrated home damage reported in Brick Lake Park Community: – Cedar Bridge Avenue – Charles Drive – Francis Road – James Road – Vincent Drive – Wedgewood Drive – Lakewood (Ocean County, 08701) *Commercial building damage reported...

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...