Author: Alert team

FEMA Alert August 24, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in California affected by wildfires that began on July 14, 2021. The following counties have been approved for assistance: Individual/Public Assistance Lassen Nevada Placer Plumas California Wildfires (DR-4610)     Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium...

Disaster Alert August 16, 2021 Source: WESH NBC 2 NOTE: This has not yet been declared a FEMA Disaster. MIAMI — Tropical Depression Grace was approaching the southern coast of the Dominican Republic early Monday morning, and flash flooding is possible across the Dominican Republic and Haiti as the day progresses, according...

FEMA Alert August 13, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Montana affected by straight-line winds that took place June 10, 2021. The following counties have been approved for assistance: Public Assistance Dawson Garfield McCone Richland Roosevelt Montana Straight-Line Winds (DR-4608)     Additional Resources FEMA’s web site FEMA’s Disaster...

Investor Update August 12, 2021 Source: Fannie Mae This Announcement includes updates to the following : ▪ Investor Reporting Manual*: incorporates changes previously communicated regarding payment deferral gross servicing fee and guaranty fee reimbursement, and foreclosure P&I advance reimbursement. ▪ IRS Reporting: extends the mandatory effective date of the IRS reporting changes that were...

Investor Update August 12, 2021 Source: FHFA May 2021 Highlights — Foreclosure Prevention   The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 65,243 foreclosure prevention actions in May, bringing the total to 5,965,347 since the start of the conservatorships in September 2008. Approximately 41 percent of these actions have been permanent...

Industry Update August 6, 2021 Source: DS News Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, has issued two letters to federal agencies and banking regulators urging them to strengthen foreclosure and mortgage servicing protections for borrowers to provide greater oversight to prevent unnecessary foreclosures during the pandemic. Rep....

Disaster Alert August 5, 2021 Source: CNN Additional Resource: CBS 13 Sacramento (River Fire Grows To 2,400 Acres; Zero Containment Reported) Approximate impacted areas: California – Colfax (Placer County, 95713) – Grass Valley (Nevada County, 95945) NOTE: This has NOT yet been declared a FEMA Major Disaster. (CNN)A newly ignited fire in Northern California has forced thousands...

Updated 8/5/21: Wildfire Today issued a report detailing continued movement of the Dixie Fire, which has reportedly caused catastrophic damage in the town of Greenville, Calif. Wildfire Today (Dixie Fire spreads into Greenville, CA, Burns Structures) Approximate impacted areas: California – Belden (Plumas County, 95915, 95980) – Bucks Lake (Plumas County, 95971) –...

<- Return To Industry Alerts Investor Update August 5, 2021 Source: HUD (FHA INFO #21-66 PDF) In this Announcement: • FHA Announces Waivers to the Review Requirements for Its COVID-19 Advance Loan Modification and COVID-19 Recovery Options • Reminder of Upcoming COVID-19 Recovery Options Industry Webinar See below for details. Today, the Federal Housing...

Industry Update August 5, 2021 Source: DS News Additional Resource: Diaz Anselom & Associates P.A. (Illinois Supreme Court Finds Fifty Dollar “Add-On” Foreclosure Filing Fee Unconstitutional) *Original article Editor’s note: This article initially appeared in the newsletter of Diaz Anselmo and Associates, a member of The Five Star Institute’s Legal League 100 group.  The Illinois Supreme...