Author: Alert team

Updated 12/23/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Delta from October 6-10, 2020. Louisiana Hurricane Delta (DR-4570 Amendment 2)   Updated 11/6/20: FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane...

Investor Update October 8, 2020 Source: Fannie Mae   WASHINGTON, Oct. 8, 2020 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) is reminding those impacted by Hurricane Delta of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster: • Homeowners may request mortgage assistance by contacting...

Investor Update October 6, 2020  Source: HUD (temporary policy waiver) Today, the Federal Housing Administration (FHA) published a temporary policy waiver to its Single Family Housing Policy Handbook 4000.1 requirements that suspends the standard inspection requirement for “interior” photographs of property in designated Presidentially-Declared Major Disaster Areas (PDMDAs). This waiver of requirements for interior photographs in PDMDAs...

FEMA Alert October 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020. The following county has been approved for assistance: Public Assistance Kent Delaware Tropical Storm Isaias (DR-4566)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD Moratorium on...

FEMA Alert October 2, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by Tropical Storm Isaias on August 4, 2020. The following counties have been approved for assistance: Public Assistance Nassau Suffolk New York Tropical Storm Isaias (DR-4567)   Additional Resources FEMA’s web site FEMA’s Disaster Declaration...

FEMA Alert Update December 18, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Dakota affected by flooding that took place April 1-25, 2020. The following counties are eligible for assistance: Public Assistance Kidder Wells FEMA Alert October 2, 2020 FEMA issued a Presidential Major Disaster...

Investor Update September 30, 2020 Source: Fannie Mae This Lender Letter provides advance notice of upcoming changes related to ▪ the criteria for automatic reclassification for MBS mortgage loans serviced under the special servicing option, including those which Fannie Mae bears the entire foreclosure loss risk and those which we share that...

Investor Update September 28, 2020  Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-32, FHA Catalyst: Claims Module – Expanded Functionality for Reacquisition Claims. This ML announces additional functionality within FHA Catalyst, enabling mortgagees to electronically submit reacquisition claims for FHA benefits. Implementing this new feature is part...

Investor Update September 24, 2020 Source: VA Fiscal Year 2020 End-of-Year Close Out – Due to end-of-year close out processing, the Department of Veterans Affairs (VA) Financial Management System (FMS) will not be available from October 1, 2020, to October 4, 2020. As a result, no payments authorized in VALERI...