Fannie Mae Launches Free Online Education Course, Empowering Aspiring Homebuyers to Become Confident, Successful Homeowners

Industry Update
January 12, 2022

Source: prnewswire.com

Fannie Mae today announced the launch of HomeView™, the company’s new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly. Available free of cost, and accessible online anytime on any device at fanniemae.com/education, HomeView provides comprehensive, easy-to-understand content and resources designed to ensure aspiring homebuyers are well equipped to become more informed and successful homeowners.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FHA Expands Real-Estate Owned Property Purchase Opportunities for Owner-Occupant Buyers

Industry Update
January 13, 2022

Source: HUD.gov

The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit bids for the purchase of these homes before they become eligible for purchase by investors. This expansion is the latest action consistent with the Biden-Harris Administration’s housing supply announcement on September 1, 2021, that it would seek to make more HUD-owned properties available to owner-occupants and non-profit organizations.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Major Disaster Declaration – Alaska Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides

FEMA Alert
January 15, 2022

FEMA has issued a Major Disaster Declaration for the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from October 29 – November 1, 2021.  The following counties have been approved for assistance:

Public Assistance:

  • Kenai Peninsula (Borough)

 

Alaska Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4638-AK)

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

Zip Codes of Affected Areas

Map 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 Major Disaster Declaration – Tennessee Severe Storms, Straight-line Winds, and Tornadoes

FEMA Alert
January 14, 2022

FEMA has issued a Major Disaster Declaration for the state of Tennessee to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, and tornadoes on December 10-11, 2021.  The following counties have been approved for assistance:

Individual Assistance:

  • Cheatham
  • Davidson
  • Dickson
  • Gibson
  • Henderson
  • Henry
  • Lake
  • Obion
  • Stewart
  • Sumner
  • Weakley
  • Wilson

Public Assistance:

  • Cheatham
  • Davidson
  • Decatur
  • Dickson
  • Dyer
  • Gibson
  • Henderson
  • Henry
  • Lake
  • Obion
  • Stewart
  • Sumner
  • Weakley

 

Tennessee Severe Storms, Straight-line Winds, and Tornadoes (DR 4637-TN)

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

Zip Codes of Affected Areas

Map 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

Proposed New Hampshire Bill will Allow Municipalities to Establish a Vacant Building Registration

Legislation Update
January 12, 2022

Source: New Hampshire State Senate (NJ SB 334 full text)

New Hampshire Senate Bill 334 will enable municipalities within the state to establish a vacant property registry.  When a property is determined to be vacant or abandoned by way of meeting specific criteria, the responsible party would be required to file a certificate of registration with the responsible entity within the governing body of the municipality in which the property is located.  If the property is vacant at the time of the bill adoption, the responsible party would have 30 days to file the certificate.  If the property becomes vacant after the bill is enacted, responsible parties must file the certificate within 90 days.  If a responsible party takes ownership of a property that is already vacant or abandoned, the certificate of registration must be filed within 30 days.  This would be enforced in towns and cities across New Hampshire that choose to adopt the bill.  The bill is set to take effect on January 1, 2023.

 

For full bill text, please click the source link above.

FEMA Major Disaster Declaration – Missouri Severe Storms, Straight-line Winds, Tornadoes

FEMA Alert
January 10, 2022

FEMA has issued a Major Disaster Declaration for the state of Missouri to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, and tornadoes on December 10, 2021.  The following counties have been approved for assistance:

Public Assistance:

  • Bollinger
  • Dunklin
  • Iron
  • Madison
  • Pemiscot
  • Reynolds
  • Wayne

 

Missouri Severe Storms, Straight-line Winds, Tornadoes (DR-4636-MO)

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

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

FEMA Declared Emergency Disaster Update – Illinois Severe Storms, Straight-line Winds, and Tornadoes

FEMA Alert
December 13, 2021

FEMA issued an Emergency Disaster Declaration for areas of Illinois affected by severe storms, straight-line winds, and tornadoes on December 10, 2021.  The following counties have been approved for assistance:

Individual Assistance:

  • Bond

Public Assistance:

  • Bond
  • Cass
  • Coles
  • Effingham
  • Fayette
  • Jersey
  • Macoupin
  • Madison
  • Menard
  • Montgomery
  • Morgan
  • Moultrie
  • Pike
  • Shelby

Illinois Severe Storms, Straight-line Winds, and Tornadoes (EM-3577-IL)

President Joseph R. Biden, Jr. Approves Emergency Declaration for Illinois

Map of Affected Areas

List of Affected Zip Codes

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 Major Disaster Declaration – Washington Flooding and Mudslides

FEMA Alert
January 5, 2022

FEMA has issued a Major Disaster Declaration for the state of Washington to supplement state and local recovery efforts in areas affected by flooding and mudslides from November 13-15, 2021.  The following counties have been approved for assistance:

Individual Assistance:

  • Clallam
  • Lummi Indian Reservation
  • Nooksack Indian Reservation
  • Quileute Indian Reservation
  • Skagit
  • Whatcom

Public Assistance:

  • Clallam
  • Hoh Indian Reservation
  • Island
  • Jefferson
  • Lewis
  • Lummi Indian Reservation
  • Nooksack Indian Reservation
  • Quileute Indian Reservation
  • San Juan
  • Skagit
  • Swinomish Indian Reservation
  • Whatcom

 

 

Washington Flooding and Mudslides (DR-4635-WA)

President Joseph R. Biden, Jr. Approved Major Disaster Declaration for Washington

Washington Communities Eligible for FEMA Public Assistance

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

HUD Looks Back on 2021 Accomplishments

Industry Update
January 3, 2022

Source: RisMedia.com

The U.S. Department of Housing and Urban Development (HUD) this year took bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities including ensuring equity, removing barriers to homeownership, expanding the nation’s housing supply and keeping Americans housed.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Ginnie Mae Names First Female President

Industry Update
January 3, 2022

Source: The M Report

Alanna McCargo has been sworn in as Ginnie Mae’s 18th President. Recently confirmed by the U.S. Senate, McCargo was read the oath of office by Marcia L. Fudge, Secretary of the U.S. Department of Housing & Urban Development.

For full report, please click the source link above.