Author: Alert team

Disaster Alert December 21, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Major Disaster. At a Glance Hawaii’s Kilauea volcano erupted Sunday night. The eruption occurred within the Halema’uma’u crater. A magnitude 4.4 earthquake followed the eruption The Kilauea volcano on Hawaii’s Big Island erupted Sunday...

Investor Update December 21, 2020  Source: HUD Additional Resources: FHA INFO #20-95: Multisubject: FHA Extends the Expiration Dates for Multiple COVID-19 Related Policies Extensions ensure borrowers can continue to seek assistance and avoid eviction and foreclosure while maintaining temporary policy flexibilities for lenders and servicers WASHINGTON – Today, the Federal Housing Administration (FHA)...

FEMA Alert December 21, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by a severe winter storm from October 26-29, 2020. The following counties have been approved for assistance: Public Assistance Caddo Canadian Cleveland Dewey Grady Kingfisher Kiowa Logan Noble Oklahoma Payne Pottawatomie ...

Disaster Alert December 15, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Disaster. At a Glance Winter Storm Gail is forecast to strike the East Coast Wednesday into Thursday. Heavy snow is expected near or just north and west of portions of the Interstate 95...

Investor Update December 15, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30,...

FEMA Alert December 11, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey affected by Tropical Storm Isaias on August 4, 2020. The following counties have been approved for assistance: Public Assistance Atlantic Bergen Burlington Cape May Cumberland Essex Gloucester Monmouth Morris Salem   New Jersey...

FEMA Alert Update January 13, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Sally from September 14-16, 2020. The following counties have been approved for assistance: Public Assistance Monroe Alabama Hurricane Sally (DR-4563 Amendment 5)   FEMA Alert December 10, 2020 FEMA issued...

Investor Update December 9, 2020 Source: Freddie Mac Review today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-46Opens in a new window to learn more about the following:▪ COVID-19 updates including:▪ An extension of the COVID-19 foreclosure moratorium through January 31, 2021;▪ Requirements for canceling borrower-paid mortgage insurance post-COVID-19 related hardship after the mortgage has been restored to...

Updated 1/20/21: Fannie Mae updated LL-2020-02 to extend the existing suspension of certain foreclosure-related activities through February 28, 2021. NOTE: The document will now be known as LL-2021-02. Lender Letter LL-2021-02 Updated 12/9/20: Fannie Mae updated LL-2020-02 to include a temporary mortgage insurance termination policy change to waive certain payment history requirements for...

FEMA Alert December 9, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by Hurricane Laura from August 23-27, 2020. The following Counties have been approved for assistance: Public Assistance Galveston Jasper Jefferson Newton Orange   Texas Hurricane Laura (DR-4572)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD...