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Fannie Mae: SVC-2020-07: Servicing Guide Updates
Fannie Mae announced that it is removing the property-level earthquake insurance requirement on mortgage loans on all Puerto Rico properties and on Guam properties constructed of masonry.
9 Dec 2020
FEMA Declared Disaster Texas
FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by Hurricane Laura from August 23-27, 2020.
9 Dec 2020
Report: Biden Picks Marcia Fudge to Lead HUD
According to news outlets, President-Elect Joe Biden has reportedly selected Ohio congresswoman Marcia Fudge to serve as secretary for the U.S. Department of Housing and Urban Development (HUD). DS News offers a summary of media coverage.
8 Dec 2020
Nor’easter Pummels New England with Heavy Snow, Strong Winds
The Weather Channel published a report providing the latest on a powerful winter storm that swept through the Northeast U.S.
7 Dec 2020
Freddie Mac: UCount is Here
Freddie Mac announced the launch of its Unified Counterparty Experience System® (UCount), a user-friendly platform allowing the submission of information formerly provided through Guide Forms 16SF (Annual Eligibility Certification Report), 1107SF (Seller/Servicer Change Notification Form) and the Annual Eligibility Website.
7 Dec 2020
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) announced the appointment of two executives to the agency’s Executive Committee.
7 Dec 2020
FHFA: Principal Deputy Director Adolfo Marzol to Retire
The Federal Housing Finance Agency (FHFA) announced that Principal Deputy Director Adolfo Marzol will retire on December 18, 2020. Chris Bosland, FHFA senior advisor for regulation, will succeed Marzol as principal deputy director.
4 Dec 2020
FHFA: Statement of Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued the statement of Director Mark A. Calabria at the Financial Stability Oversight Council Principals Meeting.
3 Dec 2020
FEMA Declared Disaster Delaware
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020.
2 Dec 2020
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
FHFA: Foreclosure and REO Eviction Moratorium Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021.
2 Dec 2020
Mudslide Destroys Homes, Damages Infrastructure in Southeast Alaska
USA Today published a report detailing severe weather activity in portions of Alaska that has caused destructive mudslides.
2 Dec 2020
Winter Storm Bringing Wind-Driven Snow to Eastern Great Lakes, Appalachians
The Weather Channel issued a report outlining winter storm activity that has spread heavy snow/rain across multiple U.S. states.
30 Nov 2020
CFPB: Advisory Opinions Policy Finalized
The Consumer Financial Protection Bureau (CFPB) issued its final Advisory Opinions Policy to publicly address regulatory uncertainty in its existing regulations and provide guidance to entities on outstanding regulatory uncertainty.
30 Nov 2020
CFPB: Executive Team Additions Announced
The CFPB announced several leadership position additions, including a new chief operating officer and chief information officer.
30 Nov 2020
HUD: FHA INFO #20-88: Extension of Temporary Guidance on the Endorsement of Mortgages Under Forbearance
HUD extended the period for mortgage forbearance provisions provided under the CARES Act. The extension allows mortgages to be endorsed for insurance when a borrower, after closing, has requested a forbearance due to the COVID-19 National Emergency.
27 Nov 2020