Archives For: Featured Resources
HUD: Disaster Assistance for Florida Storm Victims
Source: HUD Foreclosure protection offered to displaced families WASHINGTON – U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Michael. Yesterday, President Trump issued a major disaster declaration for Bay, Franklin, Gulf, Taylor, and […]
12 Oct 2018
FHFA: Foreclosure Prevention Report – July 2018
Source: FHFA July 2018 Highlights The Enterprises’ Foreclosure Prevention Actions: The Enterprises completed 24,030 foreclosure prevention actions in July, bringing the total to 4,203,611 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. There were 18,874 permanent loan modifications in July, bringing the total to 2,257,644 […]
11 Oct 2018
Freddie Mac: Disaster Relief Policies Confirmed as Hurricane Michael Approaches
Source: Freddie Mac MCLEAN, Va., Oct. 10, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded Servicers of its disaster relief policies for borrowers who have been affected by Hurricane Michael. 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 […]
10 Oct 2018
New Hampshire Rep Takes Aim at ‘Zombie Foreclosures’
Source: New Hampshire Business Review Swanzey rep mulls legislation targeting lender’s responsibility post-foreclosure If you foreclose on a property, then you’re responsible for taking care of it. That’s the idea behind a bill that Rep. James McConnell, R-North Swanzey, would like to introduce next session, aimed are called “zombie foreclosures.” “The financial institution doesn’t care. Neither […]
10 Oct 2018
Fannie Mae: Mortgage Assistance Options for Areas Affected by Hurricane Michael
Fannie Mae issued a news release reminding those impacted by Hurricane Michael of the options available for mortgage assistance.
10 Oct 2018
FEMA Declared Disaster Iowa
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Iowa affected by severe storms, tornadoes, straight-line winds and flooding that took place June 6 to July 2, 2018.
9 Oct 2018
Fannie Mae: Modification Interest Rate Adjustment Update
Source: Fannie Mae (full exhibit) The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification. NOTE: As a reminder, the interest rate used to determine the […]
5 Oct 2018
Cleveland Demolished Vacant Homes Near Public Schools, But Not Near Private Schools
Source: WEWS ABC 5 A Cleveland initiative aimed at demolishing vacant homes that children walk by on their way to school has led to the tear-down of hundreds of properties near public schools. But a News 5 On Your Side investigation found the safety of children who walk to private schools is still at risk. The […]
4 Oct 2018
Fatal Wildfire Rips Through California Towns
As a new wave of wildfire activity continues in California, actions are being taken to combat its effects.
4 Oct 2018
FEMA Declared Disaster California
FEMA issued an update to a Presidential Major Disaster Declaration for areas in California affected by wildfires and high winds that took place July 23 to September 19, 2018.
4 Oct 2018