FEMA Emergency Declaration – Virgin Islands Water Shortage and Health Impact From Unprecedented Sargassum Seagrass Influx

FEMA Alert
July 25, 2022

FEMA has issued an Emergency Declaration for the U.S. Virgin Islands to supplement state, tribal and local recovery efforts in areas affected by a water shortage and health impact from unprecedented sargassum seagrass influx on July 15, 2022 and continuing.  The following islands/counties have been approved for assistance:

Public Assistance:

  • St. Croix

 

Virgin Islands Water Shortage and Health Impact from Unprecedented Sargassum Seagrass Influx (EM-3581-VI)

Map of Affected Area

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – California Oak Fire

FEMA Alert
July 23, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of California to supplement state, tribal and local recovery efforts in the areas affected by the Oak Fire on July 22, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Mariposa

 

California Oak Fire (FM-5445-CA)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

New Tool May Become Available for Steubenville Inspectors

Industry Update
July 21, 2022

Source: Herald-Star

City Council appears ready to give the code enforcement department a tool its inspectors have said they need to identify vacant properties and their owners.

At tonight’s meeting, council will hear first reading of an ordinance advertising for proposals for companies specializing in vacant property registration services, and another that would tweak the verbiage of the city’s existing vacant property registration ordinance to define a vacant property as one to which water service has been terminated.

The ordinance currently defines a vacant property, in part, as one that’s “unoccupied or having utilities disconnected.”

Urban Projects Director Chris Petrossi told council the problem with that is the utility companies wouldn’t provide that information to them just to verify occupancy.

“When we research properties, it refers to utilities — it would help us if, instead of utilities, it said water service only because water records we can readily access,” Petrossi said. “Other utilities won’t provide us with that information, if we’re just looking into the status of an account with a meter, they won’t provide that information.”

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

New Clermont County Land Bank Receives State Funds

Industry Update
July 13, 2022

Source: The Clermont Sun

Clermont County’s new Land Bank has been awarded $500,000 from the Ohio Department of Development for demolition of vacant and blighted structures across the county.

The Land Bank has worked with local jurisdictions to identify 28 vacant properties that are eligible for demolition. It worked to evenly distribute these funds across the county. The $500,000 was awarded for counties, by the Ohio legislature, that apply for the funding and have eligible properties.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

New York State Homes and Community Renewal Announces $50 Million Available to Help Land Banks Eradicate Blight

Industry Update
July 15, 2022

Source: New York State Homes and Community Renewal

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas today announced the launch of a new $50 million Land Bank Initiative, the first-ever dedicated source of state funding to help New York’s land banks reduce blight and transform vacant properties in communities across the state.

Incorporated land banks can apply now online for Phase 1 of the initiative which allocates $15 million to assist in land bank operations.

HCR plans to release an additional $20 million in Fall 2022 and another $15 million in early 2023 to be used for capital services and expenses including property acquisition, selective demolition, and rehabilitation.

Commissioner Visnauskas said, “New York has more than two dozen land banks that play a critical role in alleviating the negative effects of vacancy and blight on families, businesses, and our communities. This $50 million in dedicated funding will be strategically paired with other innovative HCR programs so that we can help breathe new life into dilapidated properties across New York. Our thanks to Governor Hochul for making land banks a priority in the new State Budget and empowering these forward-thinking organizations to make a difference across New York.”

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Fire Management Assistance Declaration – Texas Chalk Mountain Fire

FEMA Alert
July 19, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Texas to supplement state, tribal and local recovery efforts in the areas affected by the Chalk Mountain Fire on July 18, 2022.  The following counties have been approved for assistance:

Public Assistance:

  • Hood
  • Somervell

 

Texas Chalk Mountain Fire (FM-5444-TX)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19

Industry Update
July 7, 2022

Source: U.S. Department of Housing and Urban Development

The Federal Housing Administration (FHA) announced on Thursday new flexibility for lenders when qualifying borrowers who experienced previous employment gaps or loss of income due to the COVID-19 pandemic. Through updates contained in Mortgagee Letter 2022-09, salaried and hourly wage-earners, as well as self-employed individuals affected by COVID-19, who now have stable income will have a greater opportunity to purchase a home using affordable FHA-insured mortgage financing.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FHFA Sharpens Focus on Fintech, Creates New Office

Industry Update
July 19, 2022

Source: mpamag.com

The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has set up a new office that will enable FHFA to expand its focus on financial technology.

FHFA recently announced the establishment of the Office of Financial Technology, which the agency describes as a “centralized source of information” that will help accelerate FHFA’s adoption and deployment of fintech.

“When used responsibly, fintech has the potential to improve borrowers’ experiences with the mortgage process by reducing barriers, increasing efficiencies, and lowering costs,” said FHFA director Sandra Thompson.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

MBA Survey: “Share of Mortgage Loans in Forbearance Decreases Slightly to .81% in June”

Industry Update
July 18, 2022

Source: Calculated Risk Finance and Economics

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 4 basis points from 0.85% of servicers’ portfolio volume in the prior month to 0.81% as of June 30, 2022. According to MBA’s estimate, 405,000 homeowners are in forbearance plans.

The share of Fannie Mae and Freddie Mac loans in forbearance decreased 3 basis points to 0.35%. Ginnie Mae loans in forbearance increased 1 basis point to 1.26%, and the forbearance share for portfolio loans and private-label securities (PLS) declined 18 basis points to 1.68%.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Major Disaster Declaration – North Dakota Severe Winter Storm and Flooding

FEMA Alert
July 13, 2022

FEMA has issued a Major Disaster Declaration for the state of North Dakota to supplement state, tribal and local recovery efforts in areas affected by a severe winter storm and flooding on April 22 – May 25, 2022.  The following counties have been approved for assistance:

Public Assistance:

  • Adams
  • Barnes
  • Billings
  • Bottineau
  • Burke
  • Cavalier
  • Dickey
  • Divide
  • Dunn
  • Foster
  • Golden Valley
  • Grand Forks
  • Grant
  • Griggs
  • Hettinger
  • Kidder
  • LaMoure
  • Logan
  • McHenry
  • McIntosh
  • McKenzie
  • McLean
  • Mountrail
  • Nelson
  • Oliver
  • Pembina
  • Ramsey
  • Ransom
  • Renville
  • Richland
  • Rolette
  • Sargent
  • Steele
  • Stutsman
  • Towner
  • Traill
  • Walsh
  • Ward
  • Wells
  • Williams

 

North Dakota Severe Winter Storm and Flooding (DR-4660-ND)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for North Dakota

Map of Affected Areas

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies