Archives For: Featured Resources
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
VA Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers
The U.S. Department of Veterans Affairs (VA) issued an amendment to a circular that supplements the VA Lenders Handbook, Chapter 8, Topic 8, The VA Funding Fee, and updates Chapter 6, Refinancing, concerning Interest Rate Reduction Refinancing Loans (IRRRLs).
22 May 2020
Michigan Dam Failure Results in Catastrophic Flooding
FEMA issued an Emergency Declaration for areas in Michigan affected by severe storms and flooding beginning on May 16, 2020 and continuing.
21 May 2020