Author: Alert team

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...

Investor Update January 20, 2021 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Automatic reclassification time frame for delinquent MBS mortgage loans*: incorporates Lender Letter LL-2020-13, which extended automatic reclassification triggers from four to 24 months for most delinquent MBS mortgage loans. ▪ Update to delinquency...

Investor Update January 20, 2021 Source: USDA The purpose of this announcement is to inform lenders of an extension to the foreclosure and eviction moratoriums, and the forbearance deadline for all USDA Single Family Housing Guaranteed Loans Program (SFHGLP). Foreclosure and Eviction Moratorium Extension: Effective immediately, borrowers with USDA guaranteed loans are subject...

Investor Update January 19, 2020 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021.  The foreclosure moratorium applies to Enterprise-backed, single-family...

FEMA Alert January 15, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Colorado affected by wildfires that took place September 6 to November 5, 2020. The following counties have been approved for assistance: Public Assistance Grand Larimer Colorado Wildfires (DR-4581)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD...