Author: Alert team

FEMA Alert April 21, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe winter storms that took place February 11-19, 2021. The following counties have been approved for assistance: Public Assistance Bedford Cannon Coffee DeKalb Fentress Jackson Moore Overton Pickett Putnam Scott ...

Updated 5/3/21: CFPB Acting Director Dave Uejio and FTC Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than two million units. The letters remind these landlords of federal protections in place to keep tenants in their...

Investor Update April 19, 2021 Source: HUD Updates to Single Family Handbook policies strengthen loss mitigation approaches for struggling borrowers while streamlining key requirements for servicers   WASHINGTON – The Federal Housing Administration (FHA) today announced the publication of its update to the Servicing and Loss Mitigation section of the FHA Single Family Housing...

Investor Update April 19, 2021 Source: HUD Department removes onerous restrictions that limited island’s access to funds, obligates $8.2 billion in federal mitigation funding   WASHINGTON – The Department of Housing and Urban Development today announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds for Puerto...

Industry Update April 14, 2021 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium. The CFPB’s rule requires debt collectors to provide written notice to tenants of their rights...

Investor Update April 19, 2021 Source: HUD Updates to Single Family Handbook policies strengthen loss mitigation approaches for struggling borrowers while streamlining key requirements for servicers   WASHINGTON – The Federal Housing Administration (FHA) today announced the publication of its update to the Servicing and Loss Mitigation section of the FHA Single Family Housing...

Investor Update April 15, 2021 Source: Fannie Mae Additional Resource: Fannie Mae (RES-Post Payment Documentation Request Portal FAQs) Responding to an Expense Reimbursement Post Payment Document Request Fannie Mae’s RES-Post Payment Documentation Request Portal (“RES Portal”) provides an efficient and simple way for servicers and vendors to upload supporting documentation for reimbursed...

Investor Update April 14, 2021 Source: Freddie Mac This Guide Bulletin announces: • Updates to Servicing of Community Land Trust Mortgages • Updates to eMortgage legal referral requirements • Adjustments to the Modification Loss Amount calculation used for the modifications of a Mortgage subject to an indemnification agreement • Clarification on the scope of required...

Industry Update April 12, 2021 Source: DS News On March 9, 2021, Florida’s Supreme Court issued Amendment 10 to the Comprehensive COVID-19 Emergency Measures for Florida Trial Courts. This administrative order was issued to create a new requirement for case management in certain civil cases, including foreclosures. The new section is...

Disaster Alert April 8, 2021 Source: The Weather Channel Additional Resources: mLive (Tornado Damages Handful of Homes in Kent County) The Daily Leader (Storms Bring Damage, Power Outages Across Southwest MS) WATE ABC 6 (National Weather Service Confirms Pair of EF 2 Tornadoes Moved Through Scott County) Approximate areas reportedly sustaining structural damage: Alabama Tornado/High Winds – Thomasville (Clarke...