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Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Michael
Fannie Mae issued a news release reminding those impacted by Hurricane Michael of the options available for mortgage assistance.
10 Oct 2018
FEMA Declared Disaster Iowa
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms, tornadoes, straight-line winds and flooding that took place June 6 to July 2, 2018.
9 Oct 2018
Fannie Mae: Modification Interest Rate Adjustment Update
Source: Fannie Mae (full exhibit) The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification. NOTE: As a reminder, the interest rate used to determine the […]
5 Oct 2018
Cleveland Demolished Vacant Homes Near Public Schools, But Not Near Private Schools
Source: WEWS ABC 5 A Cleveland initiative aimed at demolishing vacant homes that children walk by on their way to school has led to the tear-down of hundreds of properties near public schools. But a News 5 On Your Side investigation found the safety of children who walk to private schools is still at risk. The […]
4 Oct 2018
Fatal Wildfire Rips Through California Towns
As a new wave of wildfire activity continues in California, actions are being taken to combat its effects.
4 Oct 2018
FEMA Declared Disaster California
FEMA issued an update to a Presidential Major Disaster Declaration for areas in California affected by wildfires and high winds that took place July 23 to September 19, 2018.
4 Oct 2018
FHLMC Guide Bulletin 2018-17: Temporary Requirements for Properties Affected by Hurricane Florence and Other Disasters
Source: Freddie Mac As communities affected by Hurricane Florence continue to rebuild, we’re committed to helping you and your borrowers during this difficult time. Today, we’re providing guidance and flexibilities for impacted mortgages to be sold to and serviced for Freddie Mac. Single-Family Seller/Servicer Guide (Guide) 2018-17 Bulletin: Announces temporary revisions to our selling requirements for certain mortgages […]
3 Oct 2018
FEMA Declared Disaster Nebraska
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Nebraska affected by severe storms, tornadoes, straight-line winds and flooding that took place June 17 to July 1, 2018.
2 Oct 2018
FHA INFO #18-42: FHA Disaster-Related Policy Waiver Issued in the Presidentially-Declared Major Disaster Area of Lake and Shasta Counties Due to the California Wildfires and High Winds Declaration
Source: HUD Today, the Federal Housing Administration (FHA) issued a waiver of its policy on the timeframe for completing the inspection of properties prior to closing or submitting the mortgage for FHA insurance endorsement in the August 4, 2018, Presidentially-Declared Major Disaster Area (PDMDA) due to the California Wildfires and High Winds declaration (DR-4382) in Lake and Shasta […]
2 Oct 2018
FEMA Declared Disaster Guam
FEMA issued a Presidential Major Disaster Declaration for areas in the Territory of Guam affected by Typhoon Mangkhut from September 10-11, 2018.
1 Oct 2018
FEMA Declared Disaster New York
FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by severe storms and flooding from August 13-15, 2018.
1 Oct 2018
FEMA Declared Disaster Northern Mariana Islands
FEMA issued a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Typhoon Mangkhut from September 10-11, 2018
29 Sep 2018
FHFA: Statement of Melvin L. Watt
Source: FHFA Chairman Hensarling, Ranking Member Waters, and members of the Committee, thank you for inviting me to testify before the House Financial Services Committee today. Since I last testified before this Committee, Fannie Mae and Freddie Mac (the Enterprises) have marked their 10th anniversary under the conservatorship of the Federal Housing Finance Agency (FHFA). This […]
28 Sep 2018
FHFA: Oversight of Third-Party Provider Relationships
Source: FHFA (AB 2018-08 full bulletin) Purpose This advisory bulletin (AB) provides Federal Housing Finance Agency (FHFA) guidance to Fannie Mae and Freddie Mac, the Federal Home Loan Banks (FHLBanks), and the Office of Finance (OF) (collectively, the regulated entities[1]) on assessing and managing risks associated with third-party provider relationships. For the purposes of this AB, a third-party […]
28 Sep 2018
Hurricane Lane: Monster Storm Strengthens to Category 5, Hawaii County Under Hurricane Warning
Updated 9/27/18: FEMA issued a Presidential Major Disaster Declaration for areas in Hawaii affected by Hurricane Lane from August 22-29, 2018. Link to All Client Alert Updated 8/23/18: Fannie Mae issued a press release titled Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by Hurricane Lane. Link to All Client Alert Updated 8/23/18: Freddie […]
27 Sep 2018
FEMA Declared Disaster Hawaii
FEMA issued a Presidential Major Disaster Declaration for areas in Hawaii affected by Hurricane Lane from August 22-29, 2018.
27 Sep 2018