Investor Update
July 23, 2021
Source: USDA
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Tamarack Fire Burns Several Homes in Alpine County, Calif.
Updated 7/27/21: KCRA NBC 3 issued a report offering the latest on the Tamarack Fire, which has spread from Alpine County, Calif., into Douglas County, Nev.
Tamarack Fire: ‘Much-Needed Moisture’ Helps Crews Battling Large Blaze
Approximate impacted areas:
California
– Alpine Village (Alpine County, 96120)
– Markleeville (Alpine County, 96120)
– Mesa Vista (Alpine County, 96120)
– Woodfords (Alpine County, 96120)
Nevada
*Mostly contained in Washoe Ranches Trust Land (Douglas County)
– Double Spring (Douglas County, 89410)
– Gardnerville (Douglas County, 89410)
Updated 7/23/21: California Governor Gavin Newsom declared a state of emergency for four counties due to continued wildfire activity.
Governor Newsom Proclaims State of Emergency in Plumas, Butte, Lassen and Alpine Counties Due to Fires
Associated County ZIP Code List (Four Counties)
Disaster Alert
July 20, 2021
Source: KCRA NBC 3
NOTE: This has NOT yet been declared a FEMA Major Disaster.
More evacuation orders were issued this week for the Markleeville area and communities to the south as the Tamarack Fire burning in Alpine County continues to grow with no containment.
The fire, which was started by lightning, charred an estimated 39,045 acres as of Tuesday evening, according to the U.S. Forest Service.
More than 1,000 personnel from different parts of the country are helping battle the blaze, and deputies were alerting people about additional evacuations Monday.
Tamarack Fire outlook
The Tamarack Fire began on July 4 but exploded in size after a windy Friday later in the month.
As of Tuesday morning, the northeast section of the fire was considered a high priority, said Pat Seekins, operations section chief, in a video briefing.
“There was a lot of significant fire movement and growth (Monday) to the northeast,” he said. The goal is to keep the fire west of an area creek and protect homes to the east.
On the west side of the fire, things were active into the night, burning west of State Route 89 and south of State Route 88.
“This is another high priority area of the fire,” the Forest Service said in its Tuesday update.
Tamarack Fire evacuation info
The area of Markleeville and communities to the south remained under mandatory evacuation orders. These areas include:
- Markleeville
- Grover Hot Springs and campground area
- Shay Creek
- Marklee Village
- Alpine Village
- Woodfords
- East Fork Resort
- The community of Hung A Lel Ti
- Blue Lakes Road
- Mesa Vista
People can sign up for emergency notifications here.
For full report, please click the source link above.
HUD: FHA INFO #21-59: New Handbook 4000.1 Update
Investor Update
July 20, 2021
Source: HUD
Additional Resource:
Online/PDF versions of Handbook 4000.1
Today, the Federal Housing Administration (FHA) published a new update to the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1). The updates include enhancements and revisions to existing guidance as well as various other technical edits. In most cases, however, this newly added language augments and enhances existing policy.
FHA remains committed to making it easier for mortgagees to conduct business by maintaining and enhancing Handbook 4000.1 with regularly scheduled updates to ensure it remains the comprehensive source of policy guidance for single family mortgage originators, servicers, and other stakeholders.
Highlights of updates to Handbook 4000.1 include:
• Section III — Servicing and Loss Mitigation
– Revises disclosure and submission guidance for Voluntary Termination of Mortgage Insurance.
– Updates guidance to require requests for exceeding Property Preservation allowances be submitted at least five days prior to conveyance of the property.
– Incorporates policy guidance on the COVID-19 Advanced Loan Modification and COVID-19. Forbearance policies from ML 2021-15
– Updates the effective date of Section III – Servicing and Loss Mitigation, Appendix 4.0, and Appendix 5.0, as HUD extended the implementation date for this guidance in ML 2021-14.
Quick Links
• Online and PDF versions of Handbook 4000.1: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
• Handbook 4000.1 Information Page: https://www.hud.gov/program_offices/housing/sfh/handbook_4000-1
• Mortgagee Letters: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Need Support? Contact the FHA Resource Center.
• Visit our knowledge base to obtain answers to frequently asked questions 24/7 at
www.hud.gov/answers.
• E-mail answers@hud.gov. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
• Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.
To view all updates, please click the source link above.
California’s Dixie Fire Spreading Across Plumas County
Updated 8/5/21: Wildfire Today issued a report detailing continued movement of the Dixie Fire, which has reportedly caused catastrophic damage in the town of Greenville, Calif.
Wildfire Today (Dixie Fire spreads into Greenville, CA, Burns Structures)
Approximate impacted areas:
California
– Belden (Plumas County, 95915, 95980)
– Bucks Lake (Plumas County, 95971)
– Caribou (Plumas County, 95915)
– Crescent Mills (Plumas County, 95934)
– Forest Ranch (Butte County, 95942)
– Greenville (Plumas County, 95947)
– Indian Falls (Plumas County, 95934, 95952)
*Concentrated home damage reported
– Jonesville (Butte County, 95942)
– Meadow Valley (Plumas County, 95956)
– Mill Creek (Tehama County, 96061)
– Moccasin (Tuolumne County, 95347)
– Oroville (Butte County, 95965)
*Approximate impacted ZIP code included only
– Quincy (Plumas County, 95971)
Updated 7/25/21: The Associated Press released a report providing an update on the Dixie Fire, which has become California’s single-largest wildfire of 2021.
California’s Largest Fire Burns Homes as Blazes Scorch West
Updated 7/23/21: California Governor Gavin Newsom declared a state of emergency for four counties due to continued wildfire activity.
Governor Newsom Proclaims State of Emergency in Plumas, Butte, Lassen and Alpine Counties Due to Fires
Associated County ZIP Code List (Four Counties)
Disaster Alert
July 20, 2021
Source: The Mercury News
NOTE: This has NOT yet been declared a FEMA Major Disaster.
More than 400 square miles of Butte and Plumas counties are under evacuation orders as the Dixie Fire continues burning to the north and east.
The Tuesday morning report by the California Department of Forestry and Fire Protection put the wildfire’s area at 59,984 acres (94 square miles) — up from 30,000 acres on Monday morning.
Containment was estimated at 15%.
The most recently released perimeter map, indicated on black on the map above, shows it around 52,000 acres (81 square miles).
The mandatory evacuation zone is marked by orange lines on the map above and is shown in more detail on the map below. It includes parts of Butte and Plumas counties including Jonesville, Philbrook, High Lakes, Seneca, Bucks Lake, Snake Lake, Meadow Valley, Tollgate and the Highway 70 communities of Rock Creek, Storrie, Tobin, Belden and Twain.
For full report, please click the source link above.
FEMA Declared Disaster Michigan Severe Storms, Flooding, Tornadoes
FEMA Alert
July 15, 2021
FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, flooding and tornadoes that took place June 25-26, 2021. The following counties have been approved for assistance:
Individual Assistance
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FEMA Declared Disaster Michigan: ZIP Code List
Michigan Severe Storms, Flooding and Tornadoes (DR-4607)
Additional Resources
FEMA’s web site
FEMA’s Disaster Declaration Process
Safeguard Properties Industry Alerts
VA’s Policy Regarding Natural Disasters
Fannie Mae: SVC-2021-04: Servicing Guide Updates
Investor Update
July 14, 2021
Source: Fannie Mae
The Servicing Guide has been updated to include changes to the following:
▪ Mortgage assistance fund program providers*: updates requirements to apply more broadly to handling funds provided on behalf of a borrower from a state or local government mortgage assistance fund program.]
▪ Mortgage insurance claims portal*: introduces a new process for filing conventional MI claims with participating mortgage insurers.
▪ REOgram™ notifications*: simplifies the use of a manual data entry application, Asset Management Network (AMN), into
a real-time automated application, Property 360™, for REOgram notifications.
▪ Notarization standards: includes a reference to recently added Selling Guide policies for notarization standards and remote ink-signed notarization.
View the list of impacted topics.
*Policy change not applicable to reverse mortgage loans.
To access full announcement, please click the source link above.
Nespelem Evacuated After Lightning Fire Burns Over 10,000 Acres
Disaster Alert
July 13, 2021
Source: The Spokesman-Review
Approximate impacted areas:
Washington
– Nespelem (Okanogan County, 99155)
*Concentrated home damage reported
NOTE: This has NOT yet been declared a FEMA Major Disaster.
When Dan Nanamkin rushed back to his home near the Colville Indian Agency Monday night he was met with an inferno.
A wildfire ignited by lightning raced across 10,000 acres and burned seven homes overnight Monday. Four were vacant.
The entire town of Nespelem evacuated safely before the fire arrived, said Colville Tribal Chairman Andrew “Badger” Joseph Jr.
“It was really crazy last night,” he said.
Nanamkin described the lightning as “super bright, just shooting straight down.”
The Chuweah Creek/Joe Moses Fire is the largest of five fires caused by lightning, according to information from the Colville Tribes, Department of Natural Resource and Mount Tolman Fire Center. During the storm Monday night, about 60 lightning strikes hit the ground, according to the National Weather Service in Spokane.
The first reports of fire came at 7:15 p.m. southeast of Nespelem. Driven by wind and fueled with tall grass, sagebrush and timber, the fire burned 10,000 acres as it moved toward town and the Colville Indian Agency.
“Police and people were coming by the houses asking people to get up and go,” Joseph said. “They can’t make you do that, but a lot of people evacuated – our convalescent seniors, our nursing home was evacuated.”
Seven outbuildings were also lost, but that number likely has grown, Joseph said.
“There might be more now; a while ago, we saw a big black plume of smoke go up, so that kind of says it might be a building or vehicle,” Joseph said Tuesday afternoon.
The fire killed an unknown number of livestock, and some animals were severely injured and had to be euthanized. Many more are missing.
CenturyLink telephone equipment in the area was also damaged and caused a service outage.
For full report, please click the source link above.
FHFA: Foreclosure Prevention Report – April 2021
Bootleg Fire in Oregon Expands to Almost 400,000 Acres
Updated 7/21/21: AccuWeather published a report offering the latest on the Bootleg Fire, which continues to aggressively expand across southern Oregon.
How the Bootleg Fire is Generating Its Own Weather
Approximate impacted areas:
Oregon
– Beatty (Klamath County, 97621)
*Concentrated home damage reported in Sycan Estates area
– Blaisdell (Lake County, 97630)
– Bly (Klamath County, 97622)
– Chester Spring (Klamath County, 97621)
– Paisley (Lake County, 97636)
– Summer Lake (Lake County, 97640)
Disaster Alert
July 13, 2021
Source: The New York Times
NOTE: This has NOT yet been declared a FEMA Major Disaster.
As the West continues to bake under torrid temperatures, an out-of-control wildfire burning across southwest Oregon has scorched more than 150,000 acres, threatening the power grid that connects Oregon and California and driving people from their homes.
The Bootleg fire continued to burn for its sixth day in a row on Monday. The intense blaze escalated on Saturday afternoon, leading firefighters to leave the scene and retreat back to safety because of an “immediate, life-threatening risk,” according to one update from fire officials.
Charles Smith, a meteorologist with the National Weather Service in Medford, Ore., said the fire was especially worrying because Oregon’s fire season had only just begun.
“There’s concern because of how early this is starting, and how far it has grown within a relatively short amount of time,” he said.
For full report, please click the source link above.
Beckwourth Complex Now Largest Fire in California
Disaster Alert
July 12, 2021
Source: Plumas News
Approximate impacted areas:
California
– Beckwourth (Plumas County, 96129)
– Chilcoot (Plumas County, 96105)
– Doyle (Lassen County, 96109)
*Concentrated structural damage reported
– Omira (Lassen County, 96109)
NOTE: This has NOT yet been declared a FEMA Major Disaster.
UPDATE 1:20 p.m: The CHP reports that Highway 395 is closed again between A26 near Doyle to the Highway 70 Junction due to erratic fire behavior.
UPDATE 9:40 a.m: The Doyle Fire district reports that approximately 20 homes are lost to the fire in Doyle. Affected residents can contact the Red Cross at 844-236-0153. Although 395 has reopened the evacuations are still in effect and you won’t be allowed back in.
UPDATE 9:30 a.m: Highway 395 is open. Use caution while driving due to the presence of firefighting personnel.
The Beckwourth Complex Fire is now the largest fire in California as it continues to push northeast, closing Highway 395 and destroying structures in its path. The Doyle Fire Protection District has confirmed that some structures have been lost in the town of Doyle, home to 675.
For full report, please click the source link above.