Author: Alert team

26 Nov

Posted at 16:53h in Alerts

Industry Update November 19, 2019 Source: Federal Reserve Bank of Atlanta Additional Resource: Foreclosure Externalities and Vacant Property Registration Ordinances (full white paper) This paper tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures. VPROs were widely adopted by local governments across the United States during...

20 Nov

Posted at 16:15h in Alerts

FEMA Declared Disaster South Dakota FEMA Alert November 18, 2019 FEMA issued a Presidential Major Disaster Declaration for areas in South Dakota affected by severe storms, tornadoes and flooding that took place September 9-26, 2019. The following counties are eligible for assistance: Individual Assistance Brookings Charles Dix Davison Hanson Hutchinson ...

19 Nov

Posted at 14:24h in Uncategorized

But expect one last rate cut November 18, 2019, 1:37 pm By Kelsey Ramírez Housing could fuel economic growth for the first part of 2020, a new economic outlook from Fannie Mae shows. Fannie Mae upgraded its economic outlook to a gross domestic product growth of 1.9% in 2020, according to its...

14 Nov

Posted at 16:43h in Alerts

Industry Update November 11, 2019 Source: Auction.com Share of REO Auctions with Competing Bidders Rises to Highest Level in Last Seven Quarters Three out of four bank-owned properties that sold at online auction in Q3 2019 attracted competing bids from at least two unique bidders, according to an analysis of...

14 Nov

Posted at 16:43h in Alerts

Investor Update November 8, 2019  Source: HUD —There is no charge for training courses and webinars offered by the Federal Housing Administration — Webinar Title: NEW FHA Quality Assurance Update Date/Time: Wednesday, November 20, 2019, 2:00 PM to 3:00 PM (Eastern) Event Location: On-line Webinar – No Fee Jurisdictional Host:Office of Lender Activities and Program Compliance Registration...

14 Nov

Posted at 16:42h in Alerts

Investor Update November 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Tropical Storm Imelda and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s guidance on natural disasters to...

08 Nov

Posted at 15:00h in Alerts

Investor Update November 6, 2019 Source: Fannie Mae The Taxpayer First Act was signed into law on July 1, 2019. It includes a provision that persons receiving return information must obtain the express permission of taxpayers prior to disclosing that return information to any other person. “Tax return information”...

08 Nov

Posted at 14:58h in Alerts

Investor Update November 6, 2019 Source: Fannie Mae The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan...

08 Nov

Posted at 14:57h in Alerts

Investor Update November 6, 2019 Source: Freddie Mac This notice is being provided as a courtesy to our clients. The Taxpayer First Act, signed into law on July 1, 2019, includes a provision that persons receiving tax return information must obtain the express permission of taxpayers prior to disclosing it to...

06 Nov

Posted at 18:25h in Alerts

Investor Update October 31, 2019 Source: VA IMPORTANT INFORMATION Circular 26-19-24, Change 2 – Servicer Loss Mitigation Letters on Delinquent Loans, was issued on September 25, 2019, and is located at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Circular 26-19-27 – Special Relief Following Hurricane Dorian, was issued on October 9, 2019, and is located at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Circular 26-19-25, Change 1 – Transition...