Author: Alert team

Updated 11/2/20: Freddie Mac updated the effective date for the deployment of the new Unified Counterparty Experience System® from November 8, 2020 to December 7, 2020. FHLMC Guide Bulletin 2020-42 Investor Update August 19, 2020 Source: Freddie Mac Review today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-33 to learn more about selling and servicing updates related to...

Updated 1/27/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by Hurricane Zeta from October 28-29, 2020. Alabama Hurricane Zet a (DR-4573 Amendment 2 Updated 12/31/20: FEMA issued a Presidential Major Disaster Declaration for areas in Mississippi affected by Hurricane Zeta from October...

Updated 10/27/20: CNN published a report providing the latest forecast information for Tropical Storm Zeta, which is tracking toward the U.S. Gulf Coast after making landfall in Mexico as a Category 1 hurricane. Tropical Storm Zeta makes its way toward the US coast after slamming into Mexico...

Updated 10/19/20: CNN published a report offering the latest on a powerful aftershock stemming from a July earthquake that struck near the Alaskan coast. No major damage has been reported at this time. Small tsunami generated by magnitude 7.5 earthquake that prompted evacuation orders   Industry Alert July 22, 2020 Source: The...

Disaster Alert October 19, 2020 Source: USA Today NOTE: This has not yet been declared a FEMA Disaster. Tropical Storm Epsilon formed in the Atlantic Ocean on Monday and should reach hurricane strength by Thursday, the National Hurricane Center said. As of Monday afternoon, Epsilon had maximum sustained winds near 45 mph and was located about 730...

Investor Update October 14, 2020 Source: Fannie Mae Foreclosure bidding / Third party sales The VMS Valuation Order Template has been updated to require the foreclosure sale date be completed when a servicer is requesting the property valuation for bidding instructions. Effective: This policy clarification is effective immediately. This policy change is...

Investor Update October 14, 2020 Source: Fannie Mae With Lender Letter LL-2020-05, Payment Deferral, we announced payment deferral, a new retention workout option jointly developed with Freddie Mac at the direction of the Federal Housing Finance Agency (FHFA). That workout option was created to assist borrowers who became delinquent due to...

Investor Update October 14, 2020 Source: Freddie Mac This Guide Bulletin announces: Electronic Payment Deferral Agreement ▪ Requirements for eSignatures on Electronic Payment Deferral Agreements Transfers of Ownership and assumptions ▪ Expanded requirements for Transfers of Ownership Escrow requirements ▪ New requirement for Servicers to have a written policy in place for waiving an Escrow account – February 1, 2021 Eligible...

FEMA Alert Update January 13, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Isaias from July 31 to October 4, 2020. The following additional county has been approved for assistance: Public Assistance Lenoir North Carolina Hurricane Isaias (DR-4568...