Archives For: Featured Resources
Heavy Rain Floods Homes in Mississippi, Arkansas
CNN published a report providing an overview of extreme rainfall that has led to residential flooding in the southern U.S.
9 Jun 2021
Fannie Mae: SVC-2021-03: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to include a number of relevant changes impacting mortgage servicers.
9 Jun 2021
Arizona Wildfire Burns at Least Five Structures, Including Two Homes
The Weather Channel is actively covering wildfire activity in Arizona that has reportedly burned structures near Top-Of-The-World.
9 Jun 2021
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