Safeguard Properties

Six More Kentucky Counties Eligible for FEMA Assistance

Posted on by Safeguard

FEMA Alert
December 16, 2021

Source: FEMA Press Release

Six additional counties are now eligible for FEMA assistance after the Dec. 10, 2021 storms and tornadoes.

Individual Assistance:

  • Christian
  • Hart
  • Hickman
  • Logan
  • Lyon
  • Ohio

Public Assistance:

  • Christian
  • Hart
  • Hickman
  • Logan
  • Lyon
  • Ohio

These counties join Caldwell, Fulton, Graves, Hopkins, Marshall, Muhlenberg, Taylor and Warren counties, which were previously approved for both Individual Assistance and Public Assistance.

For full report, please click the source link above.

Kentucky Severe Storms, Straight-line Winds, Flooding, Tornadoes (4630-DR-KY)

Zip Code List for all Affected Counties

Map of All Affected Counties

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 Fire Management Assistance – Texas North 207 Fire

Posted on by Safeguard

FEMA Alert
December 15, 2021

FEMA issued a Fire Management Assistance Declaration for areas of Texas affected by wildfires on December 15, 2021 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Carson

 

Texas North 207 Fire (FM-5422-TX)

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 Declared Fire Management Assistance – Oklahoma Cobb Fire

Posted on by Safeguard

FEMA Alert
December 15, 2021

FEMA issued a Fire Management Assistance Declaration for areas of Oklahoma affected by wildfires on December 15, 2021 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Texas

 

Oklahoma Cobb Fire (FM-5421-OK)

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 Declared Fire Management Assistance – Texas County Line Fire

Posted on by Safeguard

FEMA Alert
December 10, 2021

FEMA issued a Fire Management Assistance Declaration for areas of Texas affected by wildfires on December 10, 2021 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Wichita

Texas County Line Fire (FM-5420-TX)

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

FHFA Proposes Capital Planning Rule for Fannie Mae and Freddie Mac

Posted on by Safeguard

Industry Update
December 16, 2021

Source: MarketScreener

The Federal Housing Finance Agency (FHFA) today issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to FHFA. This requirement helps protect taxpayers by ensuring that the Enterprises properly assess their risks and maintain the appropriate level of capital.

 

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Alanna McCargo Named Ginnie Mae President

Posted on by Safeguard

Industry Update
December 16, 2021

Source: RisMedia

On Tuesday, Dec. 14, the U.S. Senate confirmed Alanna McCargo as president of Ginnie Mae—a position that hasn’t been permanently filled since 2017.

Robert D. Broeksmit, CMB, president and CEO of the Mortgage Bankers Association (MBA), released the following statement in response to the news:

“MBA applauds the confirmation of Alanna McCargo to be president of Ginnie Mae. Her experience, knowledge of housing issues and strong working relationships with a wide array of stakeholders will serve her well in this position.”

 

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Thompson Nominated to Serve Full Term as Director of FHFA

Posted on by Safeguard

Industry Update
December 15, 2021

Source: cutoday.info

President Biden has nominated Sandra Thompson to serve a full five-year term as director of the Federal Housing Finance Agency (FHFA).

Thompson was appointed as acting director of the FHFA in June.

 

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

President Joseph R. Biden, Jr. Amends Kentucky Major Disaster Declaration

Posted on by Safeguard

Industry Update
December 15, 2021

Source: FEMA Press Release

FEMA Administrator Deanne Criswell announced today that President Joseph R. Biden, Jr. made additional federal emergency aid available to the Commonwealth of Kentucky in the areas affected by severe storms, straight-line winds, flooding and tornadoes beginning Dec. 10, 2021.

This assistance allows for funding at 100% federal cost share for debris removal and emergency protective measures, including direct federal assistance, for a 30-day period from the date of declaration.

Under the President’s major disaster declaration issued on Dec. 12, federal funding was made available at a 75% federal cost-share basis for emergency protective measures, hazard mitigation and assistance to affected individuals.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Proposed New York Bill Requiring Maintenance of Vacant and Abandoned Properties Set to Become Law

Posted on by Safeguard

Legislation Update
December 9, 2021

Source: New York State Senate (S1579 full bill text)

New York Senate Bill 1579, that requires a claimant in a mortgage foreclosure action to maintain the subject property, has been passed by both the Senate and Assembly and has been delivered to the Governor’s desk.  With passage of the bill, New York will require that, for a property where a foreclosure action has commenced, servicers must maintain the property when it is vacant, becomes vacant, or is abandoned by the mortgagor but occupied by a tenant.  If signed by the Governor, the bill becomes law on December 19, 2021.

 

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

Proposed Hawaii Bill Aims to Reduce the Potential Hazards Associated with Vacant and Abandoned Properties

Posted on by Safeguard

Legislation Update
December 10, 2021

Source: Hawaii State Legislature (SB818 full bill text)

Proposed Senate Bill 818 aims to require each county in Hawaii to establish an expedited procedure for approvals of demolition permits for vacant residential properties.  The bill also requests allowance to the department of taxation to seek the nonjudicial foreclosure sale of vacant and abandoned residential property with an outstanding recorded tax lien at any time after establishing vacancy and abandonment.  The bill is an effort by the state to prevent vacant and abandoned properties from becoming a public safety hazard and imposing significant costs to the community.

 

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