Disaster Alert April 8, 2021 Source: The Weather Channel Additional Resource: KCRG ABC 9 (“This Made the Derecho Look Like Child’s Play,” Cedar Rapids Mobile Home Hit by Possible Tornado) Approximate areas reportedly sustaining structural damage: Arkansas Tornadoes/High Winds – Clinton (Van Buren County, 72031) – Tyronza (Poinsett County, 72386) Iowa Tornado/High Winds – Cedar Rapids (Linn County, 52404) *Impacted...
Legislation Update April 6, 2021 Source: Associated Press Additional Resource: OR HB 2009 (Information/Full Text) PORTLAND, Ore. (AP) — A measure that would reinstate and extend Oregon’s moratorium on foreclosures until Sept. 1 during the COVID-19 pandemic on Tuesday passed the state’s House of Representatives. Unlike the bill that was passed by...
Industry Update April 5, 2021 Source: CFPB Additional Resource: CFPB (CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable) WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a set of rule changes intended to help prevent avoidable foreclosures as the emergency federal foreclosure protections expire. Due to the COVID-19...
Disaster Alert April 4, 2021 Source: The Weather Channel Additional Resources: CNN (Florida Gov. DeSantis Declares a State of Emergency for Tampa-Area Water Waste Issue) NOTE: This has NOT yet been declared a FEMA Major Disaster. At a Glance The Manatee County pond holds wastewater from phosphate fertilizer manufacturing. The pond breached...
Industry Update April 1, 2021 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of homeowners currently in forbearance will need help from their servicers when the pandemic-related...
FEMA Alert Update April 9, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kentucky affected by severe winter storms, landslides and mudslides that took place February 8-19, 2021. The following county has been approved for assistance: Public Assistance Taylor Kentucky Severe Winter Storms,...
Industry Update March 31, 2021 Source: CFPB WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in consumer financial markets including mortgages, credit reporting, credit cards and prepaid cards. The seven rescissions,...
Updated 3/31/21: Kelo published an article providing the latest on wildfire activity in South Dakota that has caused structural damage. Schroeder Fire Grows to 2,100 Acres; Evacuation Orders, Road Closures to Remain in Place Disaster Alert March 30, 2021 Source: The Weather Channel Approximate areas reportedly sustaining structural damage: South Dakota – Rapid City (Pennington County,...
Industry Update March 29, 2021 Source: CNN Additional Resource:CFPB (CFPB Acting Director Uejio and FTC Acting Chairwoman Slaughter Issue Joint Statement on Preventing Illegal Actions) The federal ban on evictions has been extended yet again, bringing relief to tens of millions of renters struggling to catch up. The Centers for Disease...
Disaster Alert March 28, 2021 Source: Tennessean Additional Resources: The Weather Channel NBC 5 (Vermont) Approximate areas reportedly sustaining structural damage: Arkansas Tornadoes/High Winds – Carson Township (Mississippi County, 72370) *Carson Lake – DeWitt (Arkansas County, 72042) – Marie (Mississippi County, 72395) Kentucky Flooding – Hazard (Perry County, 41701, 41702) – Middlesboro (Bell County, 40965) Louisiana Tornado/High Winds – Stonewall (DeSoto Parish, 71078) *North DeSoto Estates *Ann Francis...
