Author: Alert team

FEMA Alert Update June 26, 2020 FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by severe storms, tornadoes and flooding that took place February 6-19, 2020. The following county is eligible for assistance: Public Assistance Gaston North Carolina Severe Storms, Tornadoes and...

Investor Update June 23, 2020 Source: FHFA 1​​Q20 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 26,910 foreclosure prevention actions in the first quarter, bringing the total to 4,433,876 since the start of conservatorships in September 2008. Of these actions, 3,735,202 have helped troubled homeowners stay in...

Industry Update June 18, 2020 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The pilot AO program will allow entities seeking to comply with regulatory requirements to submit a...

Investor Update June, 18 2020 Source: VA Circular 26-18-21 – Property Inspection Requirements on CARES Act Forbearance Cases, was issued on June 8, 2020, and is located at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp. Circular 26-20-18 – Extended Foreclosure Moratorium for Borrowers Affected by COVID-19, was issued on May 15, 2020, and is located at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp. Events with Fatal Rules...

Investor Update June 17, 2020 Source: Fannie Mae Additional Resource: Excess Atttorney Fee/Cost Guidelines The following AAA matrices (9) have been updated effective June 17. Please review the appropriate jurisdiction-specific AAA matrix for additional details. For full announcement, please click source link above. ...

Fannie Mae: SVC-2020-02: Servicing Guide Update Investor Update June 10, 2020 Source: Fannie Mae The Servicing Guide has been updated to include changes to the following: ▪ Pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution*: updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual...

Updated 6/10/20: The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek. Severe Thunderstorms With Damaging Winds Threaten Great Lakes, Upper Ohio Valley and Interior Northeast on Wednesday pdated 6/9/20: The Weather...

  6.4-Magnitude Earthquake Hits California Updated 6/4/20: FOX News issued a report detailing earthquake activity in Southern California. The 5.5 magnitude event that struck near Searles Valley is believed to be an aftershock stemming from an earthquake that occurred in July 2019. Earthquake in Southern California pegged at magnitude...

Widespread Property Damage Results from Civil Protests Property Damage Results from Civil Protests Updated 6/18/20: As details continue to be made available regarding instances of property damage resulting from civic protests across the country, a listing of identified commercial structures sustaining associated damage has been compiled. NOTE: This list will...