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...
Investor Update December 3, 2020 Source: FHFA Thank you, Mr. Chairman. I want to thank the staff of each FSOC member agency for the hard work that went into producing this report. The FSOC annual report continues to be a crucial component of FSOC’s monitoring of the financial system....
Investor Update December 2, 2020 Source: HUD Additional Resource: Mortgage Letter 2020-41: 2021 Nationwide Forward Mortgage Limits Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2020-42, 2021 Nationwide Home Equity Conversion Mortgage (HECM) Limits, which provides the Calendar Year (CY) 2021 maximum claim amount for FHA-insured traditional HECM, HECM for purchase, and HECM-to-HECM...
Investor Update December 2, 2020 Source: FHFA Washington, D.C. –Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate...
Updated 2/4/21: FEMA issued a Presidential Major Disaster Declaration for areas in Maryland affected by Tropical Storm Isaias from August 3-4, 2020. Maryland Tropical Storm Isaias (DR-4583) Updated 12/11/20: FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey affected by Tropical Storm Isaias on August 4,...
Disaster Alert December 2, 2020 Source: USA Today Approximate locations reportedly sustaining structural damage: Alaska *Mudslides/Flooding – Haines (Haines Borough, 99827) NOTE: This has not yet been declared a FEMA Disaster. Evacuations and search and rescue efforts were underway Wednesday after a record-breaking rainstorm swept across Southeast Alaska, triggering mudslides and widespread flooding. Multiple precipitation records were...
FEMA Alert Update December 2, 2020 FEMA issued an update to 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 New Castle County Delaware Tropical Storm Isaias (DR-4566 Amendment 1) ...
