Archives For: Featured Resources
Hurricane Willa Likely to Bring Rain Accumulations to Texas
Source: ABC News Additional Resource: Safeguard Properties (Central Texas flooding) Safeguard Properties Disaster Update Center NOTE: This is not yet a FEMA Declared Disaster Hurricane Willa, a Category 4 storm, is taking aim at the Mexican coast and threatening to deliver life-threatening storm surge, wind and rain. Willa had strengthened to a powerful Category 5 storm Monday morning with 160 mph […]
23 Oct 2018
HUD: FHA INFO #18-43: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests
Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2018-08: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests. Read today’s Press Release. This ML provides consolidated and updated guidance regarding the submission of HECM assignment requests to the Department of Housing and Urban Development (HUD). It outlines the documentation and procedures […]
22 Oct 2018
Freddie Mac: Disaster-Related Forbearance Policy Added to Loan Coverage Advisor
Loan Coverage Advisor® has been updated to include the Disaster-Related Forbearance Policy for selling reps and warranties. Now you can track reporting events and Alternative Payment Plan (APP) information for disaster-impacted loans after August 25, 2017 that meet the policy requirements defined in Single-Family Seller/Servicer Guide (Guide) Chapter 1301.11, for greater insight into your rep and warranty […]
22 Oct 2018
Major flooding on Llano River Triggers Bridge Collapse Near Kingsland, Texas
Link to proclamation Link to associated county ZIP Code list All Client Alert October 17, 2018 Source: AccuWeather Additional Resources: Office of Texas Governor Greg Abbott (Governor Greg Abbott Issues Disaster Declaration For 18 Texas Counties In Response To Severe Weather And Flooding) Associated county ZIP Code list Approximate areas containing flooded homes: Texas Kingsland (Llano County, 78639) […]
19 Oct 2018
MHA: HAMP Update: Upcoming Changes to HMPadmin.com
In an effort to simplify accessibility of reporting documents on the Making Home Affordable Program Website (HMPadmin.com), the secure login access for participating servicers will be retired in January 2019. In preparation for this change, the following guides/forms have been moved to the Programs tab on the main page of the site under Loan Reporting […]
19 Oct 2018
FEMA Declared Disaster Kansas
FEMA issued a Presidential Major Disaster Declaration for areas in Kansas affected by severe storms, straight-line winds and flooding from September 1-8, 2018.
19 Oct 2018
Fannie Mae: Expanding Support for Disaster-Affected Homeowners
Updated Servicer Self-Assessment can help you improve processes We’ve updated the Servicer Self-Assessment to help you effectively manage the Fannie Mae loans you service and ensure that you meet our requirements. Two new sections, “Master Servicer Oversight” and “Shared Processes,” will provide additional guidance. Visit the STAR Program pageto find more resources, and contact your Fannie Mae account […]
18 Oct 2018
The Key to Easing Mortgage Defaults
DS News published an article outlining research conducted by the JPMorgan Chase Institute.
18 Oct 2018
FHFA Refinance Report – August 2018
Source: FHFA August 2018 Highlights Total refinance volume increased in August 2018 as mortgage rates in July fell, continuing a trend also observed in June. Mortgage rates increased in August: the average interest rate on a 30-year fixed rate mortgage rose to 4.55 percent from 4.53 percent in July. In August 2018: Borrowers completed 651 refinances […]
16 Oct 2018
VA: Circular 26-18-23: Special Relief Following Hurricane Michael
The U.S. Department of Veterans Affairs (VA) issued a release that expresses concern about VA home loan borrowers affected by Hurricane Michael, and describes measures mortgagees may employ to provide relief.
15 Oct 2018