Author: Alert team

Investor Update July 30, 2021 Source: HUD Additional Resource: FHFA (Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions) Today’s announcement extends the eviction moratorium through September 30 for foreclosed borrowers and other occupants and notes expiration of the foreclosure moratorium on July 31. WASHINGTON –...

Investor Update July 30, 2021 Source: USDA Additional Resource: FHFA (Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions) PURPOSE The purpose of this notice is to inform that U.S. Department of Agriculture (USDA) Rural Development is extending its moratorium on evictions...

Investor Update July 28, 2021 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate...

Industry Update July 28, 2021 Source: CFPB New resource helps renters and landlords find state and local programs distributing federal rental assistance funds WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for...

Updated 7/28/21: Fannie Mae announced updates to its Master Servicing Simplification page to help servicers prepare for changes announced in Lender Letter LL-2021-12. Master Servicing Simplification Page LL-2021-12 Process Requirements Document   Investor Update June 16, 2021 Source: Fannie Mae This Lender Letter provides advance notice of upcoming changes to our investor reporting processes and...

Investor Update July 23, 2021 Source: VA 1. Purpose. This Circular provides VA’s waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. This Circular also announces the COVID-19 Refund Modification, a type of loan modification specific to those borrowers needing payment reductions when exiting COVID-19...

Investor Update July 23, 2021 Source: HUD Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-18, COVID-19 Recovery Loss Mitigation Options. This ML reinforces FHA’s commitment to helping homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options....

Investor Update July 23, 2021 Source: VA 1. Purpose. This Circular provides VA’s waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. This Circular also announces the COVID-19 Refund Modification, a type of loan modification specific to those borrowers needing payment reductions when exiting COVID-19...

Updated 7/21/21: AccuWeather published a report offering the latest on the Bootleg Fire, which continues to aggressively expand across southern Oregon. How the Bootleg Fire is Generating Its Own Weather Approximate impacted areas: Oregon – Beatty (Klamath County, 97621) *Concentrated home damage reported in Sycan Estates area – Blaisdell (Lake County, 97630) – Bly...

Investor Update July 20, 2021 Source: HUD Additional Resource: Online/PDF versions of Handbook 4000.1 Today, the Federal Housing Administration (FHA) published a new update to the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1). The updates include enhancements and revisions to existing guidance as well as various other technical edits. In most...