Author: Alert team

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...

Investor Update September 24, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 252,014 foreclosure prevention actions in the second quarter of 2020, bringing...

FEMA Alert Update October 13, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Florida affected by Hurricane Sally beginning on September 14, 2020 and continuing. The following county has been approved for assistance: Public Assistance Jefferson Florida Hurricane Sally (DR-4564 Amendment 3) FEMA Alert...

Updated 9/23/20: The Weather Channel published a report offering the latest updates on Tropical Storm Beta, which has become a post-tropical system and is spreading heavy rain across the Southeast U.S. Remnants of Beta to Spread a Threat of Flooding Rainfall From the Lower Mississippi Valley Into Southeast Approximate locations...

Investor Update September 22, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) is requesting input on its Strategic Plan: Fiscal Years 2021-2024 (the Plan), which establishes new goals that are necessary for FHFA to fulfill its statutory duties, including responsibly ending the conservatorships of Fannie Mae and Freddie Mac (the...