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FEMA Declared Disaster Mississippi
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, flooding and mudslides that took place February 10-18, 2020.
25 Jun 2020
5.8 Magnitude Earthquake Strikes California, Shaking Felt in L.A. and Vegas
AccuWeather published a report outlining earthquake activity that originated approximately 12 miles from Lone Pine, Calif.
24 Jun 2020
FHFA: Foreclosure Prevention Report – First Quarter 2020
The Federal Housing Finance Agency (FHFA) issued its first quarter 2020 Foreclosure Prevention, Refinance and FPM Report.
23 Jun 2020
Property Damage Results from Civil Protests
As details continue to be made available regarding instances of property damage resulting from civic protests across the country, a listing of identified commercial structures sustaining associated damage has been compiled.
18 Jun 2020
CFPB: Program Launched to Improve Compliance
The Consumer Financial Protection Bureau (CFPB) launched a pilot advisory opinion program to publicly address regulatory uncertainty in its existing regulations.
18 Jun 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates relevant to servicers. Included is guidance relating to North Carolina pre-foreclosure notice of hearing and Colorado foreclosure sales.
18 Jun 2020
Fannie Mae: AAA Matrix Update – June 2020
Fannie Mae announced that nine AAA matrices have been updated effective June 17, 2020. The announcement reflects a detailed list of updates made by jurisdiction.
17 Jun 2020
Legislation Proposes National Land Bank Network Creation
On June 4, 2020, H.R. 7103 (To direct the Neighborhood Reinvestment Corporation with respect to the establishment of a national land bank network, and for other purposes) was referred to the House Committee on Financial Services.
16 Jun 2020
OCC: Mortgage Performance Remains Stable
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2020 Mortgage Metrics Report.
16 Jun 2020
Herkimer County to Withdraw from Land Bank
The Utica Observer-Dispatch published an article discussing a recent decision by Herkimer County, N.Y., to withdraw from the Greater Mohawk Valley Land Bank.
12 Jun 2020
MHA: HAMP Update: System Maintenance Outage
Making Home Affordable (MHA) issued an update outlining scheduled system maintenance scheduled for June 26-29, 2020.
11 Jun 2020
Dutchess County Creating Joint Land Bank with City of Poughkeepsie
The Poughkeepsie Journal published an article outlining a recently approved plan by the New York State Legislature for the creation of a joint land bank between Dutchess County and the City of Poughkeepsie.
11 Jun 2020
Cristobal Expected to Hit Gulf Coast as Tropical Storm
The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek.
10 Jun 2020
Fannie Mae: SVC-2020-02: Servicing Guide Update
Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).
10 Jun 2020
VA: Circular 26-20-21: Property Inspection Requirements on CARES Act Forbearance Cases
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying inspection requirements for properties purchased with VA guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
8 Jun 2020
States Most At Risk for Natural Disasters in 2020
ValuePenguin published a report outlining the top 10 U.S. states at risk for natural disasters. The report also states that 2020 is on pace to be the year with the most federally declared disasters in history.
8 Jun 2020