Author: Alert team

Investor Update August 28, 2020 Source: USDA The purpose of this announcement is to inform lenders of additional guidance to provide support to borrowers impacted by the Presidentially declared COVID-19 National Emergency. Moratorium Extension: The 60-day foreclosure and eviction moratorium announced by USDA, Single Family Housing Guaranteed Loan Program (SFHGLP) on...

FEMA Declared Disaster Louisiana FEMA Alert Update September 12, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020. The following parishes are eligible for assistance: Individual Assistance Caddo La Salle St. Landry Louisiana Hurricane Laura (DR-4559 Amendment...

Investor Update August 27, 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...

Investor Update August 27, 2020  Source: HUD Subject: Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency Purpose:  The purpose of this Mortgagee Letter (ML) is to inform mortgagees of an extension to the foreclosure and eviction moratorium originally issued in ML 2020-4, extended in ML...

Updated 8/27/20: LL-2020-11 has been revised to clarify the intent of certain requirements in response to servicer inquiries. Additionally, an update has been made to the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in certain circumstances...

Investor Update August 27, 2020 Source: Fannie Mae Mortgage Assistance and Relief Options Also Available for Households Impacted by COVID-19 WASHINGTON, DC – To support households impacted by COVID-19, Fannie Mae (FNMA/OTCQB) today announced an extension of the temporary moratorium on foreclosures and evictions until December 31, 2020. The moratorium,...

  Investor Update August 26, 2020 Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding those impacted by Hurricane Laura and the California Wildfires 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...

Updated 8/26/20: The Weather Channel issued a report offering the latest forecast information for Hurricane Laura, which is expected to make landfall along the U.S. Gulf Coast. Hurricane Laura Rapidly Intensifies Into a Category 3; Destructive Landfall Ahead Near Louisiana and Texas Border Updated 8/24/20: FEMA issued an Emergency Declaration...