Author: Alert team

Disaster Alert November 30, 2020 Source: The Weather Channel Additional Resources: MASS LIVE (See the damages from Monday’s storm in Massachusetts) Patch (Possible Tornado Causes Damage In Montgomeryville Area) The Weather Channel (Winter Storm Knocks Out Power to Tens of Thousands From Ohio to Maine; Schools Closed) Approximate locations possibly sustaining structural damage/flooding: Maine *Wind Damage – Lewiston (Androscoggin County,...

Investor Update November 27, 2020 Source: HUD (Corrected Version) Today, the Federal Housing Administration (FHA) published  Mortgagee Letter (ML) 2020-39, Extension of Temporary Guidance for Endorsement of Mortgages under Forbearance for Borrowers Affected by the Presidentially-Declared COVID-19 National Emergency consistent with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This ML further...

Updated 12/14/20: MHA issued a reminder that the standard hours of operation for the HAMP Reporting System will be adjusted for end of year 2020. HAMP Update: Reminder – End of Year 2020 HAMP Reporting System and HAMP Solution Center Availability Investor Update November 23, 2020 Source: MHA Please be aware that...

Investor Update November 19, 2020  Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-38, FHA Catalyst: Claims Module – Expanded Functionality for Conveyance, Single Family Loan Sales, Claims Without Conveyance of Title, and Pre-Foreclosure Sale Claims – and Phased Removal of Social Security Number Collection for Claim Submissions. This...

Disaster Alert November 12, 2020 Source: AccuWeather Additional Resource: WITN (River Flooding: Latest Crest Forecasts) Approximate locations possibly sustaining structural damage/flooding: North Carolina – Charlotte (Mecklenburg County, 28202, 28204, 28206, 28208, 28213, 28269) – Forbush (Yadkin County, 27055) – Hiddenite (Alexander County, 28636) *Major flooding reported at Hiddenite Family Campground – Kannapolis (Cabarrus/Rowan Counties, 28081, 28082, 28083) – Morganton (Burke...

Updated 11/9/20: The Weather Channel issued a report providing the latest updates on Tropical Storm Eta, which made landfall in the Florida Keys and lashed the area with torrential rain. Tropical Storm Eta’s Drenching Rains Turn Florida Streets Into Rivers Additional Resource: Local10.com (Water invading neighborhoods across Broward County due...

FEMA Declared Disaster Louisiana FEMA Alert Update December 23, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Delta from October 6-10, 2020. The following parishes have been approved for assistance: Individual Assistance Allen Iberia Louisiana Hurricane Delta (DR-4570 Amendment 2) FEMA...

FEMA Alert Update March 25, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Puerto Rico affected by earthquakes from December 28, 2019, to July 3, 2020. The following municipality is eligible for assistance: Individual Assistance Rancon Puerto Rico Earthquakes (DR-4473 Amendment No. 9) FEMA Alert November...

Updated 10/28/20: Fannie Mae updated Lender Letter LL-2020-13 to provide procedural details for servicers related to the reclassification of delinquent MBS mortgage loans and to clarify effective dates. Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans Investor Update September 30, 2020 Source: Fannie Mae This Lender Letter provides advance notice...