Author: Alert team

Investor Update January 27, 2021 Source: FHFA October 2020 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 166,189 foreclosure prevention actions in October, bringing the total to 5,391,530 since the start of the conservatorships in September 2008. Approximately 45 percent of these actions have been permanent loan modifications. • There were...

Disaster Alert January 26, 2021 Source: The Weather Channel Approximate location (according to media outlets) sustaining structural damage: Alabama – Center Point (Jefferson County, 35215, 35220, 35235) – Fultondale (Jefferson County, 35068) At a Glance A tornado struck Fultondale, Alabama, overnight. Significant damage and injuries have been reported. Multiple buildings, including a high school, a...

Investor Update January 26, 2021 Source: HUD In support of the Biden Administration’s plan to provide economic relief for the individuals and families suffering financial impacts from the coronavirus pandemic, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-04, Update to the COVID-19 Forbearance Start Date and the COVID-19 Home...

Investor Update January 26, 2021 Source: HUD “These last four years have tested our faith in our government, our democracy and at times, our humanity. This experienced team is hard at work alongside fellow career staff to rebuild the department and to increase equitable access to housing for millions...

Investor Update January 25, 2021 Source: VA VALERI Downtime – The application will be unavailable on Thursday, January 28, 2021, from 9:00 to 11:59 p.m. EST for a system deployment. Users must log out of the system by 8:45 p.m. EST. The deployment will include the following items: • LM-18701 – The Servicer...

Industry Update January 25, 2021 Source: U.S. Department of the Treasury WASHINGTON – Today, the United States Department of the Treasury announced new members of staff who will serve in key roles. These qualified, tested, and skilled leaders will join a team prepared to deliver results by getting the economy...

Industry Update January 21, 2021 Source: HousingWire After his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for the U.S. Department of Housing and Urban Development. Jones will replace former HUD Chief of Staff Andrew Hughes. She was among several senior appointees who took part in a...

Industry Update January 21, 2021 Source: HousingWire After former Consumer Financial Protection Bureau Director Kathy Kraninger stepped down Wednesday at the request of President Joe Biden, Dave Uejio took over as the bureau’s acting director. Biden named Uejio acting director late Wednesday, moving him from his previous role as CFPB strategy program manager. In...

Investor Update January 20, 2021 Source: Freddie Mac This Guide Bulletin announces an extension of the COVID-19 foreclosure moratorium. EFFECTIVE DATE All of the changes announced in this Bulletin are effective immediately unless otherwise noted. EXTENSION OF THE COVID-19 FORECLOSURE MORATORIUM We are extending the foreclosure moratorium announced in Guide Bulletins 2020-4, 2020-10, 2020-16, 2020-25, 2020-34 and 2020-46. Servicers must...