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FEMA Declared Disaster Wisconsin
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Wisconsin affected by severe storms, tornadoes, straight-line winds, flooding and landslides from August 17 to September 14, 2018.
1 Nov 2018
FEMA Declared Disaster Montana
FEMA issued a Presidential Major Disaster Declaration for areas in Montana affected by flooding from May 1 to June 10, 2018.
31 Oct 2018
VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
30 Oct 2018
VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
30 Oct 2018
Nor’easter Brings Flooding, Power Outages from New Jersey to Maine
All Client Alert October 28, 2018 Source: The Weather Channel Additional Resource: NOAA Coastal County ZIP Code List (Northeast region) NOTE: This has not yet been declared a FEMA Disaster. Areas from New Jersey to Maine saw street flooding and power outages as a nor’easter raked the coast on Saturday. Tens of thousands of customers […]
28 Oct 2018
Super Typhoon Yutu, the Most Powerful Tropical Cyclone on Earth in 2018, Barrels Towards Northern Mariana Islands
Updated 10/26/18: On October 26, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu beginning on October 24, 2018 and continuing. Link to Industry Alert Updated 10/23/18: FEMA issued an Emergency Declaration for the Commonwealth of the Northern Mariana Islands due […]
26 Oct 2018
FEMA Declared Disaster Northern Mariana Islands
FEMA issued an update to a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu from October 24-26, 2018.
26 Oct 2018
VA: VALERI Servicer Newsflash
IMPORTANT INFORMATION Circular 26-18-23, Special Relief Following Hurricane Michael, was issued on October 15, 2018, and is located on the VALERI internet at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Reporting on Loans Impacted by Natural Disaster – Servicers should not report an Electronic Default Notification (EDN) event on current loans that are impacted by a natural disaster. The EDN event should only be […]
25 Oct 2018
Tropical Storm Florence Approach Prompts State-of-Emergency Declaration in North Carolina
Updated 10/25/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to All Client Alert Updated 10/24/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to […]
25 Oct 2018
Fannie Mae: Loan Servicing Data Utility (LSDU) is Live
Source: Fannie Mae (LSDU page) Introducing LSDU, a self-service tool offering servicers solutions for simplifying investor reporting and data exceptions. With near-real time data and improved accuracy, LSDU will save servicers time and transform business workflows. Get registered and learn more at LSDU for additional resources.
25 Oct 2018
FEMA Declared Disaster South Carolina
FEMA issued an update to a Presidential Major Disaster Declaration for areas in South Carolina affected by Hurricane Florence from September 8 to October 8, 2018.
24 Oct 2018
Fannie Mae: New Servicing APIs; SMDU Enhancements; and More
Check out the redesigned Developer Portal and new servicing APIs The redesigned Fannie Mae Developer Portal provides quick and easy access to our suite of API products, including this month’s new APIs: Loan-Level Draft Notifications, which returns draft notifications data for servicers from five existing Fannie Mae Connect™ reports, and Technology Services Invoices, which automates […]
24 Oct 2018
Hurricane Willa Likely to Bring Rain Accumulations to Texas
Source: ABC News Additional Resource: Safeguard Properties (Central Texas flooding) Safeguard Properties Disaster Update Center NOTE: This is not yet a FEMA Declared Disaster Hurricane Willa, a Category 4 storm, is taking aim at the Mexican coast and threatening to deliver life-threatening storm surge, wind and rain. Willa had strengthened to a powerful Category 5 storm Monday morning with 160 mph […]
23 Oct 2018
HUD: FHA INFO #18-43: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests
Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2018-08: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests. Read today’s Press Release. This ML provides consolidated and updated guidance regarding the submission of HECM assignment requests to the Department of Housing and Urban Development (HUD). It outlines the documentation and procedures […]
22 Oct 2018
Freddie Mac: Disaster-Related Forbearance Policy Added to Loan Coverage Advisor
Loan Coverage Advisor® has been updated to include the Disaster-Related Forbearance Policy for selling reps and warranties. Now you can track reporting events and Alternative Payment Plan (APP) information for disaster-impacted loans after August 25, 2017 that meet the policy requirements defined in Single-Family Seller/Servicer Guide (Guide) Chapter 1301.11, for greater insight into your rep and warranty […]
22 Oct 2018
Major flooding on Llano River Triggers Bridge Collapse Near Kingsland, Texas
Link to proclamation Link to associated county ZIP Code list All Client Alert October 17, 2018 Source: AccuWeather Additional Resources: Office of Texas Governor Greg Abbott (Governor Greg Abbott Issues Disaster Declaration For 18 Texas Counties In Response To Severe Weather And Flooding) Associated county ZIP Code list Approximate areas containing flooded homes: Texas Kingsland (Llano County, 78639) […]
19 Oct 2018