Author: Alert team

Investor Update June 3, 2021 Source: FHFA Washington, D.C. — Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed...

Investor Update June 3, 2021 Source: Fannie Mae Additional Resource: Multifamily Borrowers Now Eligible for Forbearance through September 30, 2021 WASHINGTON, DC – To continue to support renters in multifamily units and Fannie Mae-financed multifamily property owners experiencing financial difficulties as COVID-19 persists, Fannie Mae (FNMA/OTCQB) today announced the extension of its...

FEMA Alert Update August 20, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by severe storms, tornadoes and flooding that took place May 17-21, 2021. The following additional parishes have been approved for assistance: Public Assistance Ascension Assumption Calcasieu East...

Industry Update May 27, 2021 Source: ATTOM Data Solutions But Zombie Foreclosures Still Represent Just One of Every 12,300 Residential Properties; Percentage of Foreclosure Properties Sitting Empty Ticks Down IRVINE, Calif. – May 27, 2021 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its second-quarter 2021 Vacant Property...

Industry Update May 24, 2021 Source: Florida Phoenix Additional Resource: The White House (Remarks by President Biden During Briefing on the Atlantic Hurricane Outlook and Preparedness Efforts) WASHINGTON — President Joe Biden is doubling the amount of federal funding to help states prepare for natural disasters like hurricanes and wildfires, he...

Industry Update May 24, 2021 Source: DS News Additional Resource: QuoteWizard (The Rising Fear of Eviction or Foreclosure) An analysis by QuoteWizard, a LendingTree company, of American homeowners and renters has found that an increasing number are growing more concerned of keeping a roof over their head as foreclosure moratoria dates grown...

Investor Update May 20, 2021 Source: FHFA Additional Resources: FHFA FHFA Publishes First-of-its-Kind Comprehensive Dataset on Mortgage Risk from 1990-2019 (Press Release)   Author: William Larson (FHFA), Morris Davis (Rutgers), Stephen Oliner (American Enterprise Institute), Benjamin R. Smith (University of Pennsylvania) *Updated 5/20/2021 Abstract: This paper provides a comprehensive account of the evolution of default risk for newly...

FEMA Alert May 20, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in West Virginia affected by severe storms and flooding that took place February 27 to March 4, 2021. The following counties have been approved for assistance: Individual Assistance Cabell Kanawha Mingo Wayne Public Assistance Boone ...

Investor Update May 19, 2021 Source: Freddie Mac In today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2021-18, we’re introducing PAID (Payments Automated Intelligent and Dynamic), a reengineered expense reimbursement tool. PAID replaces Reimbursement System (VendorScape®) on September 27, 2021.PAID is part of Reimagine Servicing®, our initiative to improve the client experience by embracing...

Disaster Alert May 18, 2021 Source: CNN Additional Resources: Office of Alaska Governor Mike Dunleavy (Governor Dunleavy Declares Disaster for Flooding in Buckland) Approximate areas reportedly sustaining structural damage: Alaska Flooding – Buckland (Northwest Artic Borough, 99727) NOTE: This has NOT yet been declared a FEMA Major Disaster. (CNN) — Residents of an Alaskan village were forced to...