Archives For:
Fannie Mae: Reminder of Assistance Options for Borrowers Affected by Hurricane Sally and West Coast Wildfires
Fannie Mae issued a release reminding those impacted by Hurricane Sally and the West Coast Wildfires of disaster relief options.
16 Sep 2020
Freddie Mac Confirms Disaster Relief Policies for Homeowners Affected by Hurricane Sally and Wildfires
Freddie Mac issued a release reminding mortgage servicers of its disaster relief policies for homeowners amid Hurricane Sally and the ongoing wildfires threatening California and the Western states.
16 Sep 2020
HUD: FHA INFO #20-67: HERMIT System Update
The U.S. Department of Housing and Urban Development (HUD) announced updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system’s file format and layout.
16 Sep 2020
FHFA: Statement of Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued the statement of Director Mark A. Calabria before the U.S. House of Representatives Committee on Financial Services.
16 Sep 2020
VA: Circular 26-20-25: Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying that periods of forbearance under the CARES Act cannot count toward loan seasoning requirements for both Interest Rate Reduction Refinancing Loans (IRRRLs) and cash-out refinancing loans made to refinance a VA-guaranteed loan.
15 Sep 2020
VA: Circular 26-20-33: Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases
The VA issued a circular composed to clarify whether, due to the impact of Coronavirus Disease 2019 (COVID-19), servicers may offer deferment as a COVID-19 loss mitigation option.
14 Sep 2020
FEMA Declared Disaster Louisiana
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020.
12 Sep 2020
Elizabeth Squires Named a 2020 MReport Rising Business Leader Award Finalist
Safeguard Properties congratulates Director of Client Account Management Elizabeth Squires for being named a finalist for this year’s MReport Rising Business Leader Award.
12 Sep 2020
Hurricane-Force Derecho Blows Across Midwest
FEMA issued a Presidential Major Disaster Declaration for the Sac & Fox Tribe of the Mississippi (Iowa) as a result of a derecho that took place on August 10, 2020.
10 Sep 2020
FHA INFO #20-66: HERMIT System Submissions for COVID-19 Related Extensions
The U.S. Department of Housing and Urban Development (HUD) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to the Presidentially-Declared COVID-19 National Emergency for Home Equity Conversion Mortgages. The extension of the foreclosure and eviction moratorium were published in Mortgagee Letter 2020-27.
10 Sep 2020
FEMA Declared Disaster Sac & Fox Tribe of the Mississippi in Iowa
FEMA issued a Presidential Major Disaster Declaration for the Sac & Fox Tribe of the Mississippi (Iowa) as a result of a derecho that took place on August 10, 2020.
10 Sep 2020
USDA: Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
The USDA updated a previous announcement regarding immediate measures it is taking to help rural residents, businesses and communities affected by the COVID-19 outbreak. The announcement now highlights guidance issued by the Centers for Disease Control and Prevention ordering a halt in tenant residential evictions.
9 Sep 2020
Fannie Mae: SVC-2020-04: Servicing Guide Updates
Fannie Mae issued an update that revises the allowable foreclosure attorney fees for Hawaii, incorporates disaster payment deferral policy and references to payment deferral, updates the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in connection with a disaster event, and removes outdated references to master agreements.
9 Sep 2020
VA: Circular 26-20-12: Extended Relief Under the CARES Act for those Affected by COVID-19
The VA issued a release with the purpose of clarifying the loan modification option, VA Purchase option, and removing a reference to a lump sum payment in regard to extended relief under the CARES Act for those affected by COVID-19.
9 Sep 2020
FEMA Declared Disaster Puerto Rico
FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by Hurricane Isaias from July 29-31, 2020.
9 Sep 2020
USDA: Servicing Relief for Borrowers Impacted by Presidentially Declared Disaster Areas During the COVID-19 Pandemic
The U.S. Department of Agriculture (USDA) issued a release announcing relief measures for holders and/or loan servicers of USDA Sigle Family Housing Guaranteed Loan Program mortgages and providing guidance on assisting borrowers affected by a Presidentially Declared Disaster area during the COVID-19 pandemic.
8 Sep 2020