Industry Alert October 10, 2019 Source: CFR Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income—as can be seen in the main graphic above. When income fails to keep pace with...
Certificates Investor Update October 11, 2019 Source: MHA Black Knight is making updates to its signature for all new GlobalSign intermediate SSL certificates. What is the impact for users of the HAMP Reporting Tool? To ensure continued access to Black Knight products without issue, Black Knight recommends that you download and install...
Industry Update October 11, 2019 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced that it will establish a taskforce to examine ways to harmonize and modernize federal consumer financial laws. The Taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers...
Updated 10/14/19: The California Department of Forestry & Fire Protection (CAL FIRE) has created a incident map tracking the latest active wildfires around the state. Incident Map Active Incident Summary (abbreviated): Saddleridge Fire – Containment: 43% – Acres Burned: 7,965 Sandalwood Fire – Containment: 94% – Acres Burned: 1,011 Updated 10/14/19: KNBC 4 published a report...
Disaster Alert October 17, 2019 Source: FOX News An area of disturbed weather over the southwest Gulf of Mexico is forecast to strengthen over the warm waters, potentially impacting the northern Gulf Coast of the U.S. as a tropical storm by the weekend, according to forecasters. The National Hurricane Center in Miami said Thursday the system,...
Disaster Alert October 17, 2019 Source: The Weather Channel Approximate locations sustaining possible home damage (downed trees): Massachusetts – Danvers (Essex County, 01923, 01937) – Duxbury (Plymouth County, 02050, 02331, 02332) At a Glance Trees and power lines were downed in at least seven states. Schools were closed in many areas. A man was injured when...
FEMA Alert Update October 10, 2019 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nebraska affected by a severe winter storm, straight-line winds and flooding that took place March 9 to July 14, 2019. The following county is eligible for assistance: Public Assistance Arthur ...
Investor Update October 8, 2019 Source: VA 1. Purpose. This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s Guidance on Natural Disasters to ensure...
Investor Update October 9, 2019 Source: Fannie Mae At varying times in 2017 and 2018, for both forward mortgage loans and reverse mortgage loans, we accepted responsibility for the payment of property taxes, HOA or condo association fees and assessments, co-op fees and assessments, and ground rents for acquired...
Investor Update October 9, 2019 Source: Freddie Mac In Single-Family Seller/Servicer Guide (Guide) Bulletin 2019-21, we’re extending the implementation of Servicing Gateway and the mandatory adoption of the Servicing Data Corrections tool to December 9, 2019. The Guide Bulletin also announces servicing updates related to the following: – Document custody requirements – Settling charge-offs...
