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Federal Reserve: COVID-19 Joint Press Release
The Federal Reserve issued a joint press release with federal institution regulators encouraging financial institutions to meet needs of customers affected by coronavirus.
9 Mar 2020
OCC: Pandemic Planning: Updated FFIEC Guidance
The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services.
6 Mar 2020
CFPB: Key Steps Taken to Prevent Consumer Harm; Whistleblower Award Program Proposed, Other Measures
The Consumer Financial Protection Bureau (CFPB) announced three steps to advance its strategy on one of its key priorities: preventing consumer harm.
6 Mar 2020
Tennessee Tornado Activity Causes Immense Destruction
FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe storms, tornadoes, straight-line winds and flooding that took place March 3, 2020.
5 Mar 2020
MHA: HAMP Update: Revised Official Monthly Reporting – OMR Job Aid Posted
Making Home Affordable (MHA) announced the availability of an updated version of its Official Monthly Reporting (OMR) Job Aid on HMPadmin.com.
5 Mar 2020
Fannie Mae: Reminder of Servicing Policy to Assist Borrowers Impacted by Coronavirus
Fannie Mae issued a reminder to servicers that forbearance is an option (in accordance with existing policies) to assist borrowers impacted by a temporary hardship.
5 Mar 2020
HUD: FHA INFO #20-16: Coronavirus Information Available
On March 3, the U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #20-16.
3 Mar 2020
Honoring the Mortgage and Housing Leaders in Fintech
MReport has named Safeguard Properties to its inaugural Top 25 Fintech Innovators list. Companies working in all sectors of the mortgage industry were considered, including lending, servicing, title and property preservation.
2 Mar 2020
OCC: Protecting Tenants at Foreclosure Act: Revised Comptroller’s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued a revised version of its Protecting Tenants at Foreclosure Act booklet (part of the Comptroller’s Handbook). This booklet provides information and procedures for examiners in connection with the foreclosure activities and related consumer protections covered under the Protecting Tenants at Foreclosure Act of 2009.
2 Mar 2020
Michigan Governor Approves Delinquent Property Tax Payment Law
Michigan Governor Gretchen Whitmer signed HB 5124. The bill will work to reduce the redemption amount for delinquent property taxes under certain circumstances in an effort to lower the amount of related foreclosures.
2 Mar 2020
New York Blizzard Covers Homes in Ice
FOX News issued a report outlining winter storm activity that has encased upstate New York homes located near Lake Erie in ice.
1 Mar 2020
Vacant “Zombie” Foreclosures Increase to 3.1 Percent Nationwide
ATTOM Data Solutions recently issued its Q1 2020 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.5 percent of single-family homes and condos in the U.S. are vacant.
27 Feb 2020
Auction.com: 2020 Default Servicing Industry Insights
Auction.com recently announced results from its 2020 Default Servicing Insights report. The results are based on a survey of more than 40 of the nation’s largest bank and non-bank default servicing clients along with representatives from government agencies involved in the servicing and disposition of distressed properties.
26 Feb 2020
Strong Winter Storm Moving Across Country
ABC News issued a report offering the latest on strong winter storm that is expected to bring substantial snow accumulations to multiple states.
25 Feb 2020
Alabama Among Worst in Nation for Empty Housing
Al.com published a report detailing vacant property rates in Alabama. Currently, the state ranks fourth in the country for raw vacancy, with more than 18 percent of statewide housing units reported as empty.
25 Feb 2020
FHA INFO #20-15: Proposed CWCOT Enhancements
The U.S. Department of Housing and Urban Development (HUD) announced that it has posted proposed enhancements to its Claims Without Conveyance of Title (CWCOT) program on its Single Family Housing Draft Table. All FHA-approved mortgagees, servicers, and other interested stakeholders are invited to review the posted content and provide feedback on the proposed program updates through March 9, 2020.
24 Feb 2020