Archives For: Featured Resources
Cristobal Expected to Hit Gulf Coast as Tropical Storm
The Weather Channel issued a report providing updates on the system formerly known as Tropical Storm Cristobal, which has crossed into Canada after making a historic northwestern trek.
10 Jun 2020
Fannie Mae: SVC-2020-02: Servicing Guide Update
Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).
10 Jun 2020
VA: Circular 26-20-21: Property Inspection Requirements on CARES Act Forbearance Cases
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying inspection requirements for properties purchased with VA guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
8 Jun 2020
States Most At Risk for Natural Disasters in 2020
ValuePenguin published a report outlining the top 10 U.S. states at risk for natural disasters. The report also states that 2020 is on pace to be the year with the most federally declared disasters in history.
8 Jun 2020
6.4-Magnitude Earthquake Hits California
FOX News issued a report detailing earthquake activity in Southern California. The 5.5 magnitude event that struck near Ridgecrest is believed to be an aftershock stemming from an earthquake that occurred in July 2019.
4 Jun 2020
Fannie Mae: LoanSphere Invoicing Line Item Consolidation
Fannie Mae announced that in an effort to streamline servicer submissions for Grass Cut (Property Services) and Attorney Fee expenses, multiple subcategories will be deactivated in LoanSphere Invoicing and new sub-categories will be delivered, effective Aug. 1, 2020. This change will result in a net reduction of 28 subcategories.
3 Jun 2020
FHFA: Non-performing Loan Sales Report – December 2019
The Federal Housing Finance Agency (FHFA) released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
1 Jun 2020
FEMA Declared Disaster Mississippi
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, tornadoes, straight-line winds and flooding that took place April 12, 2020.
29 May 2020
Tropical Storm Bertha Makes Landfall in South Carolina
The Weather Channel issued a report offering the latest updates on Tropical Storm Bertha, which continues to weaken as its remnants travel into the Great Lakes region.
28 May 2020
VA: Circular 26-20-14: Appraisal Review Requirements and Instructions
The U.S. Department of Veterans Affairs (VA) updated a circular announcing a new automated Appraisal Management Service for use in enhancing the appraisal review process prior to issuance of the Notice of Value.
27 May 2020