Archives For: Featured Resources
HUD: FHA INFO #18-40: Reminder — Guidance for FHA-Approved Mortgagees and Servicers Regarding Presidentially-Declared Major Disaster Areas
Source: HUD Today, the Federal Housing Administration (FHA) is issuing this reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward and reverse mortgages in locations in the U.S. and its territories when the President declares it a major disaster area. This declaration is made when natural or other events are of such severity […]
14 Sep 2018
Gas Explosions Burn Homes in Massachusetts
CNN published a report outlining a gas explosion that damaged and destroyed properties across three towns located near Boston, Mass.
14 Sep 2018
MHA: HAMP Update: Updated Data Dictionary Posted
Source: MHA In connection with the October 2018 release of the HAMPReporting System, an updated version of the following Data Dictionary was posted on HMPadmin.com: HAMP Data Dictionary – 10/01/2018 Release
14 Sep 2018
FHFA: Refinance Report – July 2018
Source: FHFA July 2018 Highlights Total refinance volume decreased in July 2018 as mortgage rates in June remained above the levels observed in 2017. Mortgage rates decreased in July: the average interest rate on a 30-year fixed rate mortgage fell to 4.53 percent from 4.57 percent in June. In July 2018: Borrowers completed 696 refinances through […]
13 Sep 2018
Freddie Mac: Confirmation of Disaster Relief Policies as Hurricane Florence Approaches
Source: Freddie Mac MCLEAN, Va., Sept. 12, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded Servicers of its disaster relief policies for borrowers who have been affected by Hurricane Florence. Freddie Mac’s disaster relief options are available to borrowers whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual assistance […]
12 Sep 2018
Fannie Mae: Reminder: Mortgage Assistance Options for Areas Affected by Hurricane Florence
Source: Fannie Mae WASHINGTON, DC – Fannie Mae (FNMA/OTC) is reminding those impacted by Hurricane Florence of the options available for mortgage assistance. Under Fannie Mae’s guidelines for single-family mortgages: Homeowners impacted by Hurricane Florence are eligible to stop making mortgage payments for up to 12 months, during which time they: will not incur late fees […]
12 Sep 2018
FEMA Declared Disaster Iowa
FEMA issued a Presidential Major Disaster Declaration for areas in Iowa as a result of a severe storm and tornadoes that took place July 19, 2018.
12 Sep 2018
OCC: National Banks and Federal Savings Associations Affected by Hurricane Florence in the Southeast and Mid-Atlantic Allowed to Close
Source: OCC WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Florence in the Southeast and Mid-Atlantic to close. In issuing the proclamation, the OCC expects that only […]
11 Sep 2018
FEMA Declared Disaster Alaska
FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by flooding from May 11-13, 2018.
5 Sep 2018
Fannie Mae: Document-Free Expense Reimbursement; Know Your Options Training; and More
Fannie Mae issued a release highlighting information relevant to servicers and sellers.
5 Sep 2018