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CFR: Housing Market Points to Recession By Election Day
The Council on Foreign Relations (CFR) posted a blog outlining current economic trends that suggest a possible upcoming recession.
10 Oct 2019
Typhoon Hagibis Moves Over Northern Mariana Islands
The Weather Channel published a report offering the latest forecast information for Typhoon Hagibis, which passed over the Northern Mariana Islands on October 8, 2019.
9 Oct 2019
Fannie Mae: Servicing Notice
Fannie Mae announced that it would be assuming responsibility for the payment of all property taxes, ground rents, as well as fees and assessments invoiced by an HOA, condo association, or co-op corporation once a foreclosure sale or mortgage release occurs.
9 Oct 2019
Freddie Mac: FHLMC Guide Bulletin 2019-21: Updates to Servicing Gateway
Freddie Mac issued a release extending the implementation of Servicing Gateway to December 9, 2019. Additional servicing announcements also are announced.
9 Oct 2019
Model Suggests Higher Rate of Flood-Prone Property Buyouts
Science Advances published a report offering a comprehensive analysis of data from FEMA’s Hazard Mitigation Grant Program.
9 Oct 2019
HUD: Secretary Carson Applauds Nomination of Brian Montgomery as Deputy Secretary
The U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson acknowledged the nomination of Brian D. Montgomery to serve as deputy secretary. As the second most senior official at HUD, Montgomery will manage the day-to-day operations of the agency and will advise and assist the secretary in leading the department’s nearly 8,000 employees.
8 Oct 2019
VA: Circular 26-19-27: Special Relief Following Hurricane Dorian
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide relief.
8 Oct 2019
FEMA Declared Disaster South Dakota
FEMA issued a Presidential Major Disaster Declaration for areas in South Dakota affected by severe storms, tornadoes and flooding that took place June 30 to July 21, 2019.
7 Oct 2019
CFPB: Advisory Committee Member Announcement
The Consumer Financial Protection Bureau (CFPB) announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC).
3 Oct 2019
Legislation Addresses Crumbling Home Foundations in Connecticut
PA 19-192–sHB 7179 (An Act Concerning Crumbling Concrete Foundations) became effective after being signed by Connecticut Governor Ned Lamont on July 8. The legislation changes various policies affecting residential homes with
foundations that are crumbling due to the presence of pyrrhotite (“crumbling concrete foundations”).
1 Oct 2019
FEMA Declared Disaster Missouri
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Missouri affected by severe storms, tornadoes and flooding that took place April 29 to July 15, 2019.
30 Sep 2019
FEMA Declared Disaster South Carolina
FEMA issued a Presidential Major Disaster Declaration for areas in South Carolina affected by Hurricane Dorian from August 31 to September 6, 2019.
30 Sep 2019
Managing a Counter-Cyclical Business
The September issue of DS News featured an article authored by Safeguard AVP of Business Development Tim Rath. In it, Rath outlines five areas of default management that mortgage field services companies should evaluate during times of economic prosperity.
30 Sep 2019
Earthquake Insurance on Shaky Ground
DS News published an article touching on the low levels of earthquake property insurance in California despite a constant looming threat of danger.
27 Sep 2019
VA: VALERI Special Announcement
The U.S. Department of Veterans Affairs (VA) issued a release outlining an upcoming system deployment scheduled to begin on Friday, September 27, 2019.
26 Sep 2019
VA: Circular 26-19-24: Servicer Loss Mitigation Letters on Delinquent Loans
The U.S. Department of Veterans Affairs (VA) issued Circular 26-19-24 – Change 2.
25 Sep 2019