Archives For: Featured Resources
VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
30 Oct 2018
VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
30 Oct 2018
Nor’easter Brings Flooding, Power Outages from New Jersey to Maine
All Client Alert October 28, 2018 Source: The Weather Channel Additional Resource: NOAA Coastal County ZIP Code List (Northeast region) NOTE: This has not yet been declared a FEMA Disaster. Areas from New Jersey to Maine saw street flooding and power outages as a nor’easter raked the coast on Saturday. Tens of thousands of customers […]
28 Oct 2018
Super Typhoon Yutu, the Most Powerful Tropical Cyclone on Earth in 2018, Barrels Towards Northern Mariana Islands
Updated 10/26/18: On October 26, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu beginning on October 24, 2018 and continuing. Link to Industry Alert Updated 10/23/18: FEMA issued an Emergency Declaration for the Commonwealth of the Northern Mariana Islands due […]
26 Oct 2018
FEMA Declared Disaster Northern Mariana Islands
FEMA issued an update to a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu from October 24-26, 2018.
26 Oct 2018
VA: VALERI Servicer Newsflash
IMPORTANT INFORMATION Circular 26-18-23, Special Relief Following Hurricane Michael, was issued on October 15, 2018, and is located on the VALERI internet at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Reporting on Loans Impacted by Natural Disaster – Servicers should not report an Electronic Default Notification (EDN) event on current loans that are impacted by a natural disaster. The EDN event should only be […]
25 Oct 2018
Tropical Storm Florence Approach Prompts State-of-Emergency Declaration in North Carolina
Updated 10/25/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to All Client Alert Updated 10/24/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to […]
25 Oct 2018
Fannie Mae: Loan Servicing Data Utility (LSDU) is Live
Source: Fannie Mae (LSDU page) Introducing LSDU, a self-service tool offering servicers solutions for simplifying investor reporting and data exceptions. With near-real time data and improved accuracy, LSDU will save servicers time and transform business workflows. Get registered and learn more at LSDU for additional resources.
25 Oct 2018
FEMA Declared Disaster South Carolina
FEMA issued an update to a Presidential Major Disaster Declaration for areas in South Carolina affected by Hurricane Florence from September 8 to October 8, 2018.
24 Oct 2018
Fannie Mae: New Servicing APIs; SMDU Enhancements; and More
Check out the redesigned Developer Portal and new servicing APIs The redesigned Fannie Mae Developer Portal provides quick and easy access to our suite of API products, including this month’s new APIs: Loan-Level Draft Notifications, which returns draft notifications data for servicers from five existing Fannie Mae Connect™ reports, and Technology Services Invoices, which automates […]
24 Oct 2018