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VA: Circular 26-19-21: Special Relief Following Hurricane Barry
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Barry on the Gulf Coast, and describes measures mortgagees may employ to provide relief.
30 Jul 2019
FEMA Declared Disaster Mississippi
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, tornadoes, straight-line winds and flooding that took place April 13-14, 2019.
26 Jul 2019
Is a Recession on the Way?
DS News published an article discussing data from the latest Zillow Home Price Expectations Survey. According to the survey, a panel of real estate economists and experts have concluded that a recession is likely to hit in 2020.
25 Jul 2019
Waters Introduces FHA Foreclosure Prevention Act
Congresswoman Maxine Waters (D-CA) introduced H.R. 3958 (FHA Foreclosure Prevention Act of 2019). The bill aims to make reforms to improve compliance with loss mitigation requirements by FHA mortgage servicers and to prevent foreclosure. A companion measure (S. 2279) has been introduced in the U.S. Senate by Senator Catherine Cortez Masto (D-NV).
25 Jul 2019
Auction.com: Distressed Market Outlook
Auction.com released its first quarter 2019 Distressed Market Outlook.
25 Jul 2019
Freddie Mac: Enhancing Online Navigation with Cowbrowse
Freddie Mac announced the availability of a new feature allowing screen-sharing sessions with the Customer Support Contact Center during Single-Family Seller/Servicer Guide online navigation.
19 Jul 2019
FEMA Declared Disaster Iowa
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms and flooding that took place March 12 to June 15, 2019.
18 Jul 2019
FEMA Declared Disaster Ohio
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Ohio affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that took place May 27-29, 2019.
17 Jul 2019
FEMA Declared Disaster Texas
FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by severe storms and flooding that took place June 24-25, 2019.
17 Jul 2019
Freddie Mac: REO Reimagined is Here
Freddie Mac issued a release announcing the beginning of the Reimagine Servicing initiative.
15 Jul 2019
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing a number of updates and reminders relevant to servicers.
15 Jul 2019
MHA HAMP Update: HAMP Reporting System Maintenance Outage
Making Home Affordable (MHA) issued an update outlining system maintenance scheduled for July 29, 2019.
15 Jul 2019
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry
Fannie Mae issued a press release reminding those impacted by Tropical Storm Barry of available mortgage assistance and disaster relief options.
12 Jul 2019
Freddie Mac: Disaster Relief Policies Confirmed as Tropical Storm Barry Approaches
Freddie Mac issued a press release reminding single-family mortgage servicers of its disaster relief policies for borrowers affected by Tropical Storm Barry.
12 Jul 2019
OCC: National Banks and Federal Savings Associations Affected by Severe Weather Along the Gulf Coast Allowed to Close
The Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks at their discretion to close offices affected by severe weather along the Gulf Coast.
12 Jul 2019
Freddie Mac: FHLMC Guide Bulletin 2019-12: Servicing Updates
Freddie Mac issued a release containing updates relating to deed-in-lieu foreclosure insections and subsequent transfer of servicing requirements for mortgages registered with MERS.
12 Jul 2019