Author: Alert team

Disaster Alert November 29, 2019 Source: The Weather Channel Additional Resources: azcentral.com (3 tornadoes touched down in metro Phoenix on Friday morning, National Weather Service confirms) FOX 10 Phoenix (NWS confirms tornadoes blew through parts of the Valley) Approximate locations sustaining home damage Texas – Gilbert (Maricopa County, 85295)* *Tornado touch down in the area of...

Disaster Alert November 25, 2019 Source: Los Angeles Times Approximate locations in current event path* California Santa Barbara (Santa Barbara County, 93101, 93103, 93105, 93108, 93109, 93110, 93111, 93117) Goleta (Santa Barbara County, 93110, 93111, 93117) *Home damage has not been reported at this time. NOTE: This has not yet been declared a FEMA Major Disaster. SANTA...

Investor Update November 20, 2019 Source: Fannie Mae Under the oversight of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have worked with approved mortgage insurers to update their master primary policies and related endorsements and other forms (Forms). These Forms provide the terms of mortgage insurance...

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...

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 ...

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...

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...

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...

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...