Archives For: Industry Alerts
Fannie Mae: Lender Letter LL-2021-07: COVID-19 Payment Deferral
Fannie Mae updated COVID-19 payment deferral eligibility criteria to permit a mortgage loan to be less than or equal to 18 months delinquent as of the date of evaluation. Additionally, the new criteria eliminates the limit of one COVID-19 payment deferral and instead limits the COVID-19 payment deferral to a cumulative deferral of 18 months of past-due principal and interest payments.
25 Feb 2021
Fannie Mae: Lender Letter LL-2021-02: Impact of COVID-19 on Servicing
Fannie Mae updated LL-2021-02 to extend the existing suspension of certain foreclosure-related activities through June 30, 2021.
25 Feb 2021
FHFA: Extended COVID-19 Forbearance Period and Moratoriums
The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions until June 30, 2021.
25 Feb 2021
Historic Winter Storms Cause Frozen and Burst Pipes in Southern U.S.
USA Today published an article outlining damage from severe winter storms that has left properties in Texas with frozen and burst water pipes.
25 Feb 2021
Freddie Mac: Guide Bulletin 2021-08: Temporary Servicing Guidance
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, expansion of the COVID‑19 forbearance plans, expansion of the COVID-19 payment deferral and clarification regarding Freddie Mac Flex Modification® eligibility for borrowers with a COVID-19 hardship.
25 Feb 2021
FEMA Declared Disaster Texas Severe Winter Storms
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing.
25 Feb 2021
FEMA Declared Disaster Oklahoma Severe Winter Storms
FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe winter storms that took place February 8-20, 2021.
24 Feb 2021
HUD: FHA INFO #21-11: COVID-19 Loss Mitigation Policies Webinar
The U.S. Department of Housing and Urban Development (HUD) announced the availability of a pre-recorded webinar that discusses the various policies outlined in Mortgagee Letter (ML) 2021-05, Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and Home Equity Conversion Mortgage (HECM) Extension Period; Expansion of COVID-19 Loss Mitigation Options.`
23 Feb 2021
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing information regarding upcoming system maintenance and recently announced COVID-19 policy guidance.
23 Feb 2021
HUD: Texas Winter Storm Federal Disaster Assistance
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by a severe winter storm.
22 Feb 2021