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...
Industry Update December 8, 2020 Source: DS News President-elect Joe Biden reportedly has selected Ohio congresswoman Marcia Fudge to lead the department. If confirmed, she would be the first Black woman to oversee HUD. Politico on Tuesday first reported the anticipated appointment based on information from two unnamed sources with “knowledge...
Investor Update December 7, 2020 Source: Freddie Mac Additional Resource: https://guide.freddiemac.com/app/guide/bulletin/2020-33 You want greater transparency and a simpler process when it comes to meeting your annual certification obligations and reporting changes in your organization, as required by our Single-Family Seller/Servicer Guide. Now you have it! We’ve launched the Unified Counterparty Experience System® (UCountSM), a user-friendly...
Disaster Alert December 7, 2020 Source: The Weather Channel NOTE: This has not yet been declared a FEMA Disaster. At a Glance A strong nor’easter hit New England during the first weekend of December. Parts of four states saw at least 6 inches of snow. More than 200,000 homes and businesses...
Investor Update December 4, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Principal Deputy Director Adolfo Marzol will retire on December 18, 2020. Chris Bosland, FHFA’s Senior Advisor for Regulation, will succeed Marzol as the Principal Deputy Director. “I cannot thank Adolfo enough for...
