Author: Alert team

Land Bank Update February 5, 2021 Source: The Star Press Additional Resource: LegiScan (IN SB0236 Full Text/Info) The Muncie Land Bank has successfully grown into a community asset for addressing the issue of property abandonment and vacancy. New pending legislation in the State Senate (Senate Bill 236) proposed by State Sen....

FEMA Alert Update March 19, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Washington affected by wildfires and straight-line winds that took place September 1-19, 2020. The following county has been approved for assistance: Public Assistance Ferry Washington Wildfires and Straight-Line Winds (DR-4584...

FEMA Alert February 4, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Maryland affected by Tropical Storm Isaias from August 3-4, 2020. The following counties have been approved for assistance: Public Assistance Calvert Dorchester St. Mary's Maryland Tropical Storm Isaias (DR-4583) Additional Resources FEMA’s web site FEMA’s Disaster Declaration...

Investor Update February 3, 2021 Source: HUD WASHINGTON – Today, the Federal Housing Administration (FHA) issued a series of waivers of provisions in its Single Family Housing Policy Handbook 4000.1 that would normally require in-person contact between mortgage servicers and borrowers, including seniors with FHA-insured Home Equity Conversion (HECM) reverse mortgages. These waivers...

Disaster Alert January 28, 2021 Source: The Weather Channel Additional Resource: Safeguard Properties California Mudslide Reporting Approximate location (according to media outlets) sustaining structural damage: California – Carmel-By-The-Sea (Monterey County, 93921, 93923) At a Glance Evacuation warnings and orders are still in place in some areas. Water backed up in the Carmel River Lagoon after...

Disaster Alert January 27, 2021 Source: The Weather Channel Approximate location (according to media outlets) sustaining structural damage: California – Salinas (Monterey County, 93901, 93902, 93905, 93906, 93907, 93908, 93912, 93915, 93962) At a Glance Hundreds of thousands of homes and businesses were without power. A wind gust of 121 mph was recorded. About...

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...