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HUD: Georgia Disaster Recovery
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing the approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornadoes in January of 2017 as well as the impact of Hurricane Irma.
15 Mar 2019
HUD: Missouri Storm and Flooding Recovery
The U.S. Department of Housing and Urban Development (HUD) announced the approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds and flooding that occurred in the Spring of 2017.
15 Mar 2019
HUD: California Wildfire and Mudslide Recovery
The U.S. Department of Housing and Urban Development (HUD) announced the approval of the State of California’s disaster action plan, which will invest $124 million to support the state in its recovery from the effects of deadly wildfires and mudslides that occurred in December 2017.
15 Mar 2019
FHFA: Refinance Report
The Federal Housing Finance Agency (FHFA) issued its January 2019 Refinance Report.
14 Mar 2019
Youngstown to Consider Charging $500 to Pick Up Major Clean Outs
The Vindicator published an article outlining soon-to-be proposed legislation in Youngstown, Ohio, that would create a $500 fee for property owners who perform large-scale clean outs and leave the trash for city pick-up. The ordinance is expected to be introduced at the April 3, 2019, city council meeting.
14 Mar 2019
Storm Damage Reported Throughout New Mexico and Texas
AccuWeather issued a report outlining severe storm activity in New Mexico and Texas.
13 Mar 2019
Freddie Mac: FHLMC Guide Bulletin 2019-6
Freddie Mac issued a release announcing updates to requirements for REO properties, changes to the Servicer Success Scorecard and a new servicer recognition program.
13 Mar 2019
Baker Approves Revised Property Maintenance Ordinance
The Baker City Herald released an article discussing a recently passed Baker, Ore., ordinance that will allow the Baker Justice Court judge to block access to properties the judge deems “chronic neighborhood nuisances”.
13 Mar 2019
Ohio Governor Declares State of Emergency in Response to Flooding
Ohio Governor Mike DeWine issued an emergency declaration for 20 counties impacted by damaging flooding.
11 Mar 2019
Freddie Mac: UMBS to be Issued Based on Revised TBA Guidelines
Freddie Mac issued a release announcing that they are set to issue the first Freddie Mac 55-day payment delay, TBA-eligible Uniform Mortgage-Backed Security™ (UMBS™) on June 3, 2019.
11 Mar 2019
USDA: Help Resources
The U.S. Department of Agriculture (USDA) issued a release encouraging servicers and lenders to utilize its LINC Training and Resource Library. the resource includes web-based training, frequently asked questions (FAQs) and user guides for USDA information technology systems.
8 Mar 2019
VA: Circular 26-19-07: Special Relief Following Alabama Severe Storms, Straight-line Winds and Tornadoes
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about the VA home loan borrowers affected by sever storms, straight-line winds and tornadoes in the state of Alabama, and describes measures mortgagees may employ to provide relief.
8 Mar 2019
State Representative Drafts Land Bank Bill to Improve Neighborhoods
The SJ Post published a report announcing the passage of HB 821 through the Missouri House of Representatives. The bill aims to allow the City of St. Joseph to create a land bank to directly engage 450 vacant structures in violation of its Property Maintenance Code.
7 Mar 2019
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
7 Mar 2019
Pottstown Land Bank Getting Underway
The Mercury published an article highlighting the finalization of a land bank in Pottstown, Penn.
7 Mar 2019
Land Bank Will No Longer Oversee Beleaguered Detroit Demo Program
The Detroit Free Press published an article discussing a decision that will see property demolitions in Detroit being fully administered by the City at the end of 2019.
7 Mar 2019