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Freddie Mac: Guide Bulletin 2021-22: Servicing Updates
Freddie Mac issued a release announcing the COFI transition replacement index, updates to Subsequent Transfer of Servicing requirements, clarification on extinguishment of rights in collateral related to conveyance or financing and more.
9 Jun 2021
FEMA Declared Disaster Alabama Severe Storms, Straight-Line Winds
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms, straight-line winds and tornadoes that took place March 25-26, 2021.
8 Jun 2021
VA: Circular 26-21-07: COVID-19 Loan Repayment Relief
The U.S. Department of Veterans Affairs (VA) updated guidance providing a summary of the home retention options and alternatives to foreclosure that servicers should utilize to help borrowers affected by the COVID-19 pandemic.
3 Jun 2021
FHFA: Extended COVID-19 Multifamily Forbearance
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021.
3 Jun 2021
Fannie Mae: Protections for Renters Affected by COVID-19 Extended
Fannie Mae announced the extension of its multifamily COVID-19 forbearance program through September 30. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was previously set to expire on June 30.
3 Jun 2021
Oregon Bill Reinstates COVID-19 Foreclosure Moratorium
Oregon HB 2009 has been signed by Governor Kate Brown. The bill will reinstate the state’s moratorium on foreclosures until at least June 30, 2021.
1 Jun 2021
Fannie Mae: REOgram Notifications Transitioning to Property 360
Fannie Mae announced the availability of Property 360 for all mortgage servicers. The platform eliminates manual submissions for REOgram notifications for Real Estate Owned (REO) properties acquired through foreclosure or mortgage release (deed-in-lieu of foreclosure).
1 Jun 2021
FEMA Declared Disaster Georgia Severe Storms and Tornadoes
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Georgia affected by severe storms and tornadoes that took place March 25-26, 2021.
27 May 2021
Tornado Causes Chaos Across Small Kansas Town
AccuWeather published a report detailing severe weather activity responsible for structural damage in portions of Kansas.
27 May 2021
Arizona Spur Fire Engulfs Homes in Yavapai County
KOLD CBS 13 published a report outlining wildfire activity in Bagdad, Ariz., that has burned multiple structures and prompted evacuations.
27 May 2021
FHFA: Latest Report on Non-performing Loan Sales
The Federal Housing Finance Agency (FHFA) released its latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac.
27 May 2021
ATTOM: Zombie Foreclosures Increase in Second Quarter 2021
ATTOM Data Solutions issued its Q2 2021 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.4 (1,409,457) million residential properties in the U.S. are currently vacant.
27 May 2021
OCC: Revitalization Activities in Areas Affected by Hurricane Maria
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation extended the period for giving favorable consideration under Community Reinvestment Act regulations for bank activities that continue to help revitalize or stabilize disaster areas devastated by Hurricane Maria.
27 May 2021
MHA: HAMP Update: June 2021 Maintenance Outage
Making Home Affordable (MHA) issued a release outlining system maintenance scheduled for June 25, 2021.
25 May 2021
Biden Allocates $1B to Prepare for Hurricane, Wildfire Season
Florida Phoenix provided coverage of an announcement from President Joe Biden confirming that $1 billion will be directed to the Building Resilient Infrastructure and Communities program to help states prepare for natural disasters.
24 May 2021
Concerns Grow as Foreclosure Moratoria Date Nears
DS News published an article outlining a recent analysis performed by QuoteWizard that shows increasing homeowner and renter concern as end dates for national foreclosure/eviction moratoria continue to approach.
24 May 2021