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7.5 Magnitude Alaskan Earthquake Triggers Small Tsunami
CNN published a report offering the latest on a powerful aftershock stemming from a July earthquake that struck near the Alaskan coast.
20 Oct 2020
Tropical Storm Epsilon Forms in Atlantic Ocean
USA Today published an article outlining the formation of Tropical Storm Epsilon in the Atlantic Ocean. At this time, the system is not expected to impact the U.S.
19 Oct 2020
FHFA: Prepared Remarks of Mark Calabria at 2020 MBA Convention and Expo
The Federal Housing Finance Agency (FHFA) issued the prepared remarks of Director Mark A. Calabria at the 2020 Mortgage Bankers Association (MBA) Convention and Expo.
19 Oct 2020
FHFA: Foreclosure Prevention Report – July 2020
The Federal Housing Finance Agency (FHFA) issued its July 2020 Foreclosure Prevention, Refinance and FPM Report.
15 Oct 2020
Fannie Mae Lender Letter LL-2020-05: Payment Deferral
Fannie Mae updated its Payment Deferral Lender Letter to clarify that a borrower’s acceptance of a payment deferral will result in the mortgage loan’s withdrawal from HAMP and the loss of any future HAMP “pay for performance” incentives.
14 Oct 2020
FEMA Declared Disaster Florida
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Florida affected by Hurricane Sally beginning on September 14, 2020 and continuing.
14 Oct 2020
Fannie Mae: SVC-2020-05: Servicing Guide Updates
Fannie Mae issued a release announcing updates to its Valuation Management System Valuation Order template, Evaluation Notices and payment deferral agreement.
14 Oct 2020
Freddie Mac: FHLMC Guide Bulletin 2020-39: Servicing Updates
Freddie Mac announced updates to electronic payment deferral agreements, transfers of ownership, escrow requirements, eligible disaster requirements and more.
14 Oct 2020
Freddie Mac: Disaster Relief Options for Homeowners as Hurricane Delta Nears
Freddie Mac issued a release reminding mortgage servicers of its disaster relief policies for homeowners as Hurricane Delta approaches.
8 Oct 2020
Fannie Mae: Assistance Options for Those Affected by Hurricane Delta
Fannie Mae issued a release reminding homeowners and mortgage servicers of assistance options for those affected by Hurricane Delta.
8 Oct 2020
HUD: FHA INFO #20-73: Temporary Policy to Waive Requirements for “Interior” Photographs in Presidentially-Declared Major Disaster Areas
The Federal Housing Administration (FHA) published a temporary policy waiver to its Single Family Housing Policy Handbook 4000.1 requirements that suspends the standard inspection requirement for “interior” photographs of property in designated Presidentially-Declared Major Disaster Areas.
6 Oct 2020
FEMA Declared Disaster Iowa
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms that took place on August 10, 2020.
5 Oct 2020
FEMA Declared Disaster North Dakota
FEMA issued a Presidential Major Disaster Declaration for areas in North Dakota affected by severe storms and flooding that took place June 29 to July 1, 2020.
2 Oct 2020
Fannie Mae: Texas AAA Matrix Update
Fannie Mae announced that Investor Pre-Approval is no longer required for services rendered on or after Oct. 1, 2020, for claims associated with a home equity judicial foreclosure in Texas.
30 Sep 2020
HUD: FHA INFO #20-71: FHA Catalyst: Claims Module Now Includes Reacquisition Claims Submission Functionality
The U.S. Department of Housing and Urban Development (HUD) issued a release announcing a new submission method through FHA Catalyst for reacquisition claims by mortgagees.
28 Sep 2020
California Law to Prevent Bulk Foreclosed Property Sales
California Governor signed SB 1079 (Residential property: foreclosure) into law. Taking effect on January 1, 2021, the law will prohibit bulk sales of foreclosed properties (one to four units).
28 Sep 2020