Archives For: Featured Resources
USDA: Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
The USDA updated a previous announcement regarding immediate measures it is taking to help rural residents, businesses and communities affected by the COVID-19 outbreak. The announcement now highlights guidance issued by the Centers for Disease Control and Prevention ordering a halt in tenant residential evictions.
9 Sep 2020
Fannie Mae: SVC-2020-04: Servicing Guide Updates
Fannie Mae issued an update that revises the allowable foreclosure attorney fees for Hawaii, incorporates disaster payment deferral policy and references to payment deferral, updates the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in connection with a disaster event, and removes outdated references to master agreements.
9 Sep 2020
VA: Circular 26-20-12: Extended Relief Under the CARES Act for those Affected by COVID-19
The VA issued a release with the purpose of clarifying the loan modification option, VA Purchase option, and removing a reference to a lump sum payment in regard to extended relief under the CARES Act for those affected by COVID-19.
9 Sep 2020
FEMA Declared Disaster Puerto Rico
FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by Hurricane Isaias from July 29-31, 2020.
9 Sep 2020
USDA: Servicing Relief for Borrowers Impacted by Presidentially Declared Disaster Areas During the COVID-19 Pandemic
The U.S. Department of Agriculture (USDA) issued a release announcing relief measures for holders and/or loan servicers of USDA Sigle Family Housing Guaranteed Loan Program mortgages and providing guidance on assisting borrowers affected by a Presidentially Declared Disaster area during the COVID-19 pandemic.
8 Sep 2020
Severe Storms Cause Northeast Ohio Home Flooding
Cleveland.com published an article outlining severe thunderstorm activity that caused home flooding in parts of Ohio.
7 Sep 2020
VA: Circular 26-20-34: Special Relief Following Hurricane Laura
The VA issued a release that expresses concern about VA home loan borrowers affected by Hurricane Laura, and describes measures mortgagees may employ to provide relief.
4 Sep 2020
Fannie Mae: Hawaii AAA Matrix Update
Fannie Mae announced that effective September 9, 2020, the maximum allowable amount for the judicial foreclosure fee has been updated from $4,950 to $9,000 for Honolulu County, Hawaii and from $6,000 to $10,000 for all other counties in the Hawaii AAA Matrix.
3 Sep 2020
HUD: FHA INFO #20-64: Guidance Regarding Presidentially-Declared Major Disaster Areas During the COVID-19 Pandemic
HUD provided clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in the U.S. and its territories when a Presidential Major Disaster Declaration is issued during the COVID-19 pandemic.
2 Sep 2020
Tropical Storm Marco Makes Landfall, Weakens
FEMA issued an update to an Emergency Declaration for areas in Mississippi affected by Hurricane Marco and Tropical Storm Laura beginning on August 23, 2020 and continuing. The action closes the incident period on August 29, 2020.
1 Sep 2020