Safeguard Properties

FEMA Declared Disasters New Jersey and New York Remnants of Hurricane Ida

Posted on by Safeguard

FEMA Alert Update – New Jersey
September 8, 2021

FEMA announced that federal disaster assistance has been made available to the state of New Jersey to supplement state and local recovery efforts in the areas affected by the remnants of Hurricane Ida that took place September 1-3, 2021.

Individual and Public Assistance
  • Bergen
  • Essex
  • Gloucester
  • Hudson
  • Hunterdon
  • Mercer
  • Middlesex
  • Morris
  • Passaic
  • Somerset
  • Union

FEMA Declared Disaster New Jersey: ZIP Code List

New Jersey Remnants Of Hurricane Ida (DR-4614)

 

FEMA Alert Update – New York
September 8, 2021

FEMA announced that federal disaster assistance has been made available to the state of New York to supplement state, tribal and local recovery efforts in the areas affected by the remnants of Hurricane Ida that took place September 1-3, 2021.

Individual Assistance
  • Bronx
  • Kings
  • Nassau
  • Queens
  • Richmond
  • Suffolk
  • Westchester
Public Assistance
  • Bronx
  • Kings
  • Nassau
  • New York
  • Queens
  • Richmond
  • Suffolk
  • Sullivan
  • Westchester

FEMA Declared Disaster New York: ZIP Code List

New Jersey Remnants Of Hurricane Ida (DR-4615)

 

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

Wall Street is Funding Fixer-Upper Houses

Posted on by Safeguard

Industry Update
September 7, 2021

Source: The Wall Street Journal 

Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.

“Investors like me, we’re like ants on a sugar hill all fighting for the same projects,” said Ed Stock, who started fixing and flipping houses on New York’s Long Island after the 2008 mortgage meltdown. “It’s the greatest time to be in this market; it’s just hard to find the inventory.”

 

For full report, please click the source link above.

Various States Ease COVID-19 Consumer Protections

Posted on by Safeguard

Industry Update
September 7, 2021

Source: Lexology

On Aug. 26,  the U.S. Supreme Court declared the CDC’s eviction order to be unconstitutional, in a 6-3 decision.

Similar to their federal counterparts, individual states vary on lifting or extending COVID-related moratoriums. Embedded is a comprehensive spreadsheet capturing the current orders, legislation, and policies on foreclosures and evictions.

The following list outlines current orders and legislation from California, the District of Columbia, Illinois, Maryland, New Jersey, New York, Ohio, and Virginia, involving foreclosures and evictions in response to COVID-19.

 

For full report, please click the source link above.

FEMA Declared Disaster Nebraska Severe Storms and Straight-line Winds

Posted on by Safeguard

FEMA Alert
September 6, 2021

FEMA issued a  Disaster Declaration for areas in Nebraska affected by severe storms and straight-line winds that took place July 9-10, 2021. The following counties have been approved for assistance:

Public Assistance
  • BOX BUTTE
  • CASS
  • CLAY
  • DOUGLAS
  • FILLMORE
  • GRANT
  • HALL
  • HAMILTON
  • MADISON
  • SARPY
  • SAUNDERS
  • SHERIDAN
  • WASHINGTON
  • YORK

FEMA Declared Disaster Nebraska: ZIP Code List

Nebraska Severe Storms And Straight-line Winds (DR-4616)

County Map PDF

FEMA Declared Disaster Areas due to Remnants of Hurricane Ida

Posted on by Jennifer Anspach

FEMA Alert Update
September 3, 2021

FEMA issued a Disaster Declaration in areas of New York due to remnants of Hurricane Ida

Public Assistance
  • Bronx
  • Dutchess
  • Kings
  • Nassau
  • New York
  • Orange
  • Putman
  • Richmond
  • Rockland
  • Suffolk
  • Sullivan
  • Ulster
  • Westchester

New York Remnants of Hurricane Ida (EM-3572-NY)

 

FEMA Alert Update
September 3, 2021

FEMA issued a Disaster Declaration in all counties of New Jersey due remnants of Hurricane Ida

Public Assistance
  • Atlantic
  • Bergen
  • Burlington
  • Camden
  • Cape May
  • Cumberland
  • Essex
  • Gloucester
  • Hudson
  • Hunterdon
  • Mercer
  • Middlesex
  • Monmouth
  • Morris
  • Ocean
  • Passaic
  • Salem
  • Somerset
  • Sussex
  • Union
  • Warren

New Jersey Remnants of Hurricane Ida (EM-3572-NY)

 

Memphis Tennessee Utilizes Emergency Rental Assistance Program

Posted on by Jennifer Anspach

Industry Update
September 1, 2021

Source: NPR

In a courthouse in Memphis, Tenn., a full docket of cases means tenants are packed into eviction court – as much as social distancing will allow, and then a little more. When each tenant is called up for their case, Judge Phyllis Gardner asks this question: “Are you interested in the rental assistance program?”

For the tenants who show up to their court date, judges here regularly extend cases weeks into the future and nearly push them down the hall to Room 134, where Memphis Area Legal Services attorneys help tenants start applications for rental aid.

One of those attorneys, Freda Turner, stands up in the courtroom to talk about the program.

“If you apply and if you’re approved, we will pay up to 12 months of your back rent plus one month of future rent,” she explains. “We will bring you to zero, and you’ll get a fresh start.”

A stable home is the idea behind the $46 billion in the U.S. Treasury Department’s Emergency Rental Assistance Program. Appropriated by Congress to be distributed by states and localities, the federal aid means that even tenants facing deep rental debt have the chance to stay in their homes.

For full report, please click the source link above.

New York Issues Temporary Ban on Evictions

Posted on by Safeguard

Industry Update
September 2, 2021

Source: NNY 360

ALBANY — New York’s temporary ban on evictions and foreclosures will continue through the beginning of next year, lawmakers decided Wednesday, arguing the state needs more time to distribute billions of dollars in relief to make tenants, small landlords, business and property owners whole amid the COVID-19 pandemic.

Representatives started hours of questioning and debate late Wednesday afternoon to review two bills to extend the state’s eviction moratorium, barring residential and commercial tenants who could not pay rent due to financial hardships caused by the pandemic, through Jan. 15, 2022.

Legislative leaders have worked to tweak the state law and program since the U.S. Supreme Court struck down a federal moratorium on evictions late last week, ruling the U.S. Centers for Disease Control and Prevention exceeded its authority during the ongoing public health crisis.

For full report, please click the source link above.

Boston Issues Eviction Moratorium, Citing COVID-19

Posted on by Safeguard

Industry Update
September 1, 2021

Source: NBC 10 Boston
Additional Resource:  BG Daily News

Boston declared a moratorium on evictions in the city on Tuesday and is working to set up a $5 million fund to prevent foreclosures, officials announced.

The move comes less than a week after the U.S. Supreme Court struck down the federal eviction moratorium, allowing evictions to resume.

“My housing stability agenda protects renters with a new eviction moratorium in the city of Boston,” Mayor Kim Janey said in an announcement video. “The loss of federal eviction protections and the ongoing pandemic has put our most vulnerable neighbors at risk of losing their homes.”

The eviction moratorium goes into effect immediately, temporarily preventing tenants from being kicked out by landlords and property owners, according to an announcement from the city.

 

For full report, please click the source link above.

Freddie Mac July 2021 Monthly Summary

Posted on by Safeguard

Investor Update
August 31, 2021

Source: Freddie Mac

Freddie Mac (OTCQB: FMCC) posted to its website its Monthly Volume Summary for July 2021.

Per Freddie Mac, overall delinquencies for single family loans is 1.74% in July 2021, vs 1.86% last month and 3.12% a year ago.

 

To access full summary, please click the source link above.

Fannie Mae July 2021 Monthly Summary

Posted on by Safeguard

Investor Update
August 31, 2021

Source: Fannie Mae

Per Fannie Mae, overall serious delinquency for conventional single family loans is 1.94% in July 2021, vs 2.08% last month and 3.24% a year ago.

WASHINGTON, DC – Fannie Mae’s (FNMA/OTCQB) July 2021 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.

To access full announcement, please click the source link above.