Archives For: Featured Resources
USDA: New COVID-19 Special Relief Measures and Servicing Guidance
The U.S. Department of Agriculture (USDA) provided advance notice of technical Handbook 1-3555 updates. Included are new COVID-19 Special Relief Alternatives and clarification on existing policies.
23 Jul 2021
HUD: FHA INFO #21-61: COVID-19 Recovery Loss Mitigation Options
The Federal Housing Administration (FHA) published Mortgagee Letter 2021-18 (COVID-19 Recovery Loss Mitigation Options), which announces streamlined loss mitigation options to help homeowners who have been financially impacted by the COVID-19 pandemic remain in their homes.
23 Jul 2021
VA: Circular 26-21-13: COVID-19 Home Retention Waterfall
The U.S. Department of Veterans Affairs (VA) issued a circular providing its waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. It also announced the COVID-19 Refund Modification (loan modification specific to borrowers needing payment reductions when exiting COVID-19 forbearance).
23 Jul 2021
ATTOM: East Coast States Most at Risk for Housing Impacts
ATTOM Data issued its second quarter 2021 Coronavirus Report. According to its findings, East Coast states are more vulnerable to the COVID-19 pandemic’s economic impact.
22 Jul 2021
Bootleg Fire in Oregon Expands to Almost 400,000 Acres
AccuWeather published a report offering the latest on the Bootleg Fire, which continues to aggressively expand across southern Oregon.
21 Jul 2021
HUD: FHA INFO #21-59: New Handbook 4000.1 Update
The Federal Housing Administration (FHA) published a new update to Single Family Housing Policy Handbook 4000.1. The updates include enhancements and revisions to existing guidance as well as various other technical edits.
20 Jul 2021
FEMA Declared Disaster Michigan Severe Storms, Flooding, Tornadoes
FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, flooding and tornadoes that took place June 25-26, 2021.
15 Jul 2021
FEMA Designates $700 Million in Hazard Mitigation
DS News reported that FEMA has selected the sub-applications for the $700 million being made available in fiscal year 2020 for Building Resilient Infrastructure and Communities (BRIC) and Flood Mitigation Assistance (FMA) grant programs.
15 Jul 2021
Fannie Mae: SVC-2021-04: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to broaden the requirements for acceptance of mortgage assistance funds, introduce a new process for filing conventional mortgage insurance claims in the new MI Claims Portal and to simplify the REOgram™ notification process.
14 Jul 2021
FHFA: Foreclosure Prevention Report – April 2021
The Federal Housing Finance Agency (FHFA) issued its April 2021 Foreclosure Prevention, Refinance and FPM Report.
13 Jul 2021