Archives For:
Fannie Mae: Lender Letter LL-2021-02: Impact of COVID-19 on Servicing
Fannie Mae updated provisions regarding the suspension of foreclosure-related activities and filing motions for relief from the automatic stay in certain bankruptcy cases.
30 Jun 2021
FHFA: Expanded Use of Interest Rate Reduction for COVID-19 Hardship
The Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention.
30 Jun 2021
Freddie Mac: Guide Bulletin 2021-24: Servicing Updates
Freddie Mac announced the upcoming expiration of the COVID-19 foreclosure moratorium, temporary changes to Freddie Mac Flex Modification® for Borrowers with a COVID-19 hardship and updates to PAID.
30 Jun 2021
Supreme Court, FHFA Back Tenant and Homeowner Protections
DS News reported that the U.S. Supreme Court has denied a request to invalidate the Centers for Disease Control and Prevention’s (CDC) moratorium on evictions.
30 Jun 2021
Short-Lived Tropical Storm Danny Fizzles After Landfall
The Orlando Sentinel issued a report offering the latest on Tropical Storm Danny, which made landfall in South Carolina and has since dissipated into unorganized remnants.
29 Jun 2021
FHFA: Protecting Borrowers After COVID-19 Moratoriums End
The FHFA announced that servicers of mortgages backed by Fannie Mae and Freddie Mac will not be permitted to make a first notice or filing for foreclosure that would be prohibited by the Consumer Financial Protection Bureau’s (CFPB) Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act, Regulation X Final Rule before it takes effect.
29 Jun 2021
CFPB: Federal Servicing Regulation Amendments Issued
The Consumer Financial Protection Bureau (CFPB) finalized amendments to federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out.
28 Jun 2021
Biden Nominates Two for Top HUD Roles
DS News published an article providing an overview of HUD leadership role nominees from President Joe Biden.
28 Jun 2021
Storms Bring Tornadoes, Flooding to Southeast Michigan
Click On Detroit issued a report outlining severe weather activity that damaged homes and businesses in Southeast Michigan.
28 Jun 2021
FHFA: Three Staffing Updates Announced
The Federal Housing Finance Agency (FHFA) announced new appointments to the leadership team for longtime FHFA staff Naa Awaa Tagoe, Daniel E. Coates, and Danielle Walton.
28 Jun 2021
HUD: FHA INFO #21-49: FHA Catalyst Functionality Updates
The Federal Housing Administration (FHA) released enhancements to the FHA Catalyst: Claims Binder Module. Included are functionalities that allow mortgagees to receive notification that prevents duplicate claim submissions and add documents/files to an existing claim submission.
28 Jun 2021
FEMA Declared Disaster Kentucky Severe Storms and Flooding
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Kentucky affected by severe storms, flooding, landslides and mudslides that took place February 27 to March 14, 2021.
25 Jun 2021
Apartment Building Partially Collapses Near Miami
FEMA issued an Emergency Declaration for areas in Florida affected by the Surfside building collapse that took place on June 24, 2021.
25 Jun 2021
HUD: More Measures to Help Homeowners Struggling Due to COVID-19
The U.S. Department of Housing and Urban Development (HUD) extended its foreclosure and eviction moratoria for all FHA-insured single family mortgages (except vacant or abandoned properties) through July 31, 2021.
25 Jun 2021
USDA: Foreclosure and Eviction Moratorium Extended
The U.S. Department of Agriculture (USDA) announced that its foreclosure and eviction moratorium has been extended through July 31, 2021.
25 Jun 2021
VA: Circular 26-21-10: Relief for Borrowers Affected by COVID-19
The U.S. Department of Veterans Affairs (VA) announced extended foreclosure and eviction relief on properties secured by VA-guaranteed loans through July 31, 2021.
25 Jun 2021