FEMA Declared Disaster Texas Severe Winter Storms

FEMA Alert Update
March 4, 2021

FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing. The action closes the incident period on February 21, 2021.

Texas Severe Winter Storms (DR-4586)

 

FEMA Alert Update
February 25, 2021

FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing. The following counties have been approved for assistance:

Individual Assistance

  • Atascosa
  • Bandera
  • Brooks
  • Duval
  • Eastland
  • Ector
  • Goliad
  • Howard
  • Jim Hogg
  • Karnes
  • Kleberg
  • Leon
  • Llano
  • Newton
  • Robertson
  • Trinity
  • Webb
  • Willacy

Texas Severe Winter Storms (DR-4586 Amendment 2)

FEMA Declared Disaster Texas: ZIP Code List

 

FEMA Alert Update
February 22, 2021

FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing. The following counties have been approved for assistance:

Individual Assistance

  • Anderson
  • Austin
  • Bosque
  • Bowie
  • Burnet
  • Cherokee
  • Colorado
  • Erath
  • Fannin
  • Freestone
  • Gonzalez
  • Grayson
  • Gregg
  • Harrison
  • Hill
  • Houston
  • Hunt
  • Jackson
  • Jim Wells
  • Jones
  • Limestone
  • Lubbock
  • Medina
  • Milam
  • Navarro
  • Rusk
  • Taylor
  • Tom Green
  • Val Verde
  • Washington
  • Wood

Texas Severe Winter Storms (DR-4586 Amendment 1)

FEMA Declared Disaster Texas: ZIP Code List

 

FEMA Alert
February 19, 2021

FEMA issued a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing. The following counties have been approved for assistance:

Public Assistance

  • Statewide (254 Counties)

 

Individual Assistance

  • Angelina
  • Aransas
  • Bastrop
  • Bee
  • Bell
  • Bexar
  • Blanco
  • Brazoria
  • Brazos
  • Brown
  • Burleson
  • Caldwell
  • Calhoun
  • Cameron
  • Chambers
  • Collin
  • Comal
  • Comanche
  • Cooke
  • Coryell
  • Dallas
  • DeWitt
  • Denton
  • Ellis
  • Falls
  • Fort Bend
  • Galveston
  • Gillespie
  • Grimes
  • Guadalupe
  • Hardin
  • Harris
  • Hays
  • Henderson
  • Hidalgo
  • Hood
  • Jasper
  • Jefferson
  • Johnson
  • Kaufman
  • Kendall
  • Lavaca
  • Liberty
  • Madison
  • Matagorda
  • Maverick
  • McLennan
  • Montague
  • Montgomery
  • Nacogdoches
  • Nueces
  • Orange
  • Palo Pinto
  • Panola
  • Parker
  • Polk
  • Rockwall
  • Sabine
  • San Jacinto
  • San Patricio
  • Scurry
  • Shelby
  • Smith
  • Stephens
  • Tarrant
  • Travis
  • Tyler
  • Upshur
  • Van Zandt
  • Victoria
  • Walker
  • Waller
  • Wharton
  • Wichita
  • Williamson
  • Wilson
  • Wise

Texas Severe Winter Storms (DR-4586)

FEMA Declared Disaster Texas: ZIP Code List

 

 

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 Emergency Declaration Louisiana Severe Winter Storm

FEMA Alert
February 18, 2021

FEMA issued an Emergency Declaration for areas in Louisiana affected by a severe winter storm beginning on February 11, 2021 and continuing. FEMA is authorized to identify, mobilize, and provide at its discretion, equipment and resources necessary to alleviate the impacts of the emergency.  Emergency protective measures for mass care and sheltering and direct federal assistance will be provided at 75% federal funding.

Louisiana Severe Winter Storm (EM-3556)

FEMA Declared Disaster Louisiana: ZIP Code List

 

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 Emergency Declaration Oklahoma Severe Winter Storm

FEMA Alert
February 17, 2021

FEMA issued an Emergency Declaration for areas in Oklahoma affected by a severe winter storm beginning on February 8, 2021 and continuing. FEMA is authorized to identify, mobilize, and provide at its discretion, equipment and resources necessary to alleviate the impacts of the emergency.  Emergency protective measures for mass care and sheltering and direct federal assistance will be provided at 75% federal funding.

Oklahoma Severe Winter Storm (EM-3555)

FEMA Declared Disaster Oklahoma: ZIP Code List

 

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

Zombie Property Remediation Bill Proposed in West Virginia

Updated 3/29/21: West Virginia Senate Bill 42 was approved by Governor  Jim Justice and is scheduled to take effect on June 16, 2021.

WV SB42 Updated Information
Full Bill Text (Enrolled Committee Substitute)

Updated 3/27/21: MetroNews issued a report highlighting the passage of West Virginia Senate Bill 42 in the House and its pending approval by Governor Jim Justice.

‘Zombie property’ Bill Awaits Gov. Justice’s Signature

 

Legislation Update
February 10, 2021

Source: West Virginia Legislature (SB42 Full Text/Info)

[Introduced February 10, 2021; referred
to the Committee on Economic Development]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §8-12-22, relating to foreclosure actions involving abandoned properties; authorizing a municipality to commence a proceeding in a court of competent jurisdiction in the county in which the property is located to compel a foreclosure; defining a “vacant and abandoned residential property”;  designating the Zombie Property Remediation Act of 2021; and requiring conveyance of the deed following foreclosure.

Be it enacted by the Legislature of West Virginia:

ARTICLE 12. GENERAL AND SPECIFIC POWERS, DUTIES AND ALLIED RELATIONS OF MUNICIPALITIES, GOVERNING BODIES, AND MUNICIPAL OFFICERS AND EMPLOYEES; SUITS AGAINST MUNICIPALITIES.

§8-12-22.  Foreclosure actions involving abandoned properties.

(a) This section shall be known and may be cited as the “Zombie Property Remediation Act of 2021”.

(b) If a property has been determined to be unsafe, unsanitary, dangerous, or detrimental to the public safety or welfare pursuant to an ordinance adopted pursuant to §8-12-16 of this code, or determined vacant and abandoned pursuant to §8-12-22(b) of this code, the municipality in which the property is located may commence a proceeding in a court of competent jurisdiction in the county in which the property is located to compel any or all mortgagees to:

(1) If the note is in default, the trustee or mortgagee shall commence a foreclosure procedure within three months and shall meet all deadlines to ensure the case is ready to be moved to judgment within a reasonable time period but not to exceed one year;

(2) If a foreclosure has already been commenced, file the necessary motions and within three months paperwork to move the case to judgment foreclosure within three months; or

(3) Issue a certificate of discharge of the trust deed lien or mortgage within three months and file a satisfaction of the lien or mortgage with the appropriate local office.

(c) (1) As used in this section, vacant and abandoned residential property means residential real property with respect to which the plaintiff has proven, by preponderance of the evidence, that it has conducted at least three consecutive inspections of the property, with each inspection conducted 25 to 35 days apart and at different times of the day, and at each inspection:

(A) No occupant was present and there was no evidence of occupancy on the property to indicate that any persons are residing there; and

(B) The residential real property was not being maintained in a manner that it is in violation of any specific requirement or prohibition applicable to any dwelling, building, or structure provided by the approved building or fire code of the jurisdiction;

To view full bill text, please click the source link above.

FEMA Declared Disaster Alaska Severe Storms, Flooding and Landslides

FEMA Alert
February 17, 2021

FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by severe storms, flooding, landslides and mudslides that took place November 30 to December 2, 2020. The following boroughs/areas have been approved for assistance:

Public Assistance

  • Chatham Regional Educational Attendance Area (ZIP Codes not currently available)
  • Haines
  • Juneau (City and Borough)
  • Petersburg
  • Skagway (Municipality)

Alaska Severe Storms, Flooding, landslides and Mudslides (DR-4585)

FEMA Declared Disaster Alaska: ZIP Code List

 

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: Foreclosure Prevention Report – November 2020

Investor Update
February 12, 2021

Source: FHFA

November 2020 Highlights — Foreclosure Prevention

 

The Enterprises’ Foreclosure Prevention Actions:

• The Enterprises completed 107,609 foreclosure prevention actions in November, bringing the total to 5,499,159 since the start of the conservatorships in September 2008. Approximately 44 percent of these actions have been permanent loan modifications.

• There were 2,624 permanent loan modifications in November, bringing the total to 2,437,133 since the conservatorships began in September 2008.

• Fourteen percent of modifications in November were modifications with principal forbearance. Modifications with extend-term only accounted for 68 percent of all loan modifications during the month.

• The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan increased from 83,404 in October to 57,133 in November.

• Initiated forbearance plans increased slightly from 58,516 in October to 59,203 in November. The total number of loans in forbearance plans decreased from 922,589 at the end of October to 841,977 at the end of November, representing approximately 2.90% of the total loans serviced, and 69 percent of the total delinquent loans.

• There were 239 short sales and deeds-in-lieu of foreclosure completed in November, down 24 percent compared with October.

The Enterprises’ Mortgage Performance: 

• The 30-59 days delinquency rate increased slightly to 1.02 percent, while the serious delinquency rate dropped from 2.99 percent at the end of October to 2.88 percent at the end of November.

The Enterprises’ Foreclosures:

• ​​Third-party and foreclosure sales decreased 19 percent to 602 while foreclosure starts decreased 38 percent to 1,540 in November.

November 2020 Highlights – Refinance Activities

• Total refinance volume rose and continued in record breaking territory in November 2020 as mortgage rates continued to decrease through October. Mortgage rates decreased further in November: the average interest rate on a 30-year fixed rate mortgage fell to 2.77 percent from 2.83 percent in October.

• In November, 19 refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 126.

• The percentage of cash-out refinances continued at 26 percent in November from October, after steadily decreasing in earlier months to a low of 25 percent in August. Mortgage rates have continued to fall, creating more opportunities for non cash-out borrowers to refinance at lower rates and lower their monthly payments.

FHFA: 2021 Fannie Mae and Freddie Mac Scorecard

Investor Update
February 16, 2021

Source: FHFA

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable.

“The 2021 Scorecard will ensure that Fannie Mae, Freddie Mac and Common Securitization Solutions properly serve borrowers and renters, protect taxpayers, and support the secondary mortgage market,” said Director Mark Calabria.

The three objectives of the 2021 Scorecard are to ensure that the Enterprises continue to:

  1. Focus on their core mission responsibilities to foster competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing;
  2. Operate in a safe and sound manner appropriate for entities in conservatorship; and
  3. Prepare for their eventual exits from the conservatorships.

Resolution planning requirements are new to the Scorecard in 2021. The Scorecard requires each Enterprise to begin developing a plan to resolve its business in the event the Enterprise were to be placed in receivership, also known as a “living will.” These plans must demonstrate how the Enterprises would preserve their core businesses with neither  disruption to housing and finance markets nor utilizing extraordinary support from the Treasury Department or taxpayers. The Enterprises are also expected to implement capital management and capital planning capabilities that transition from the existing Conservatorship Capital Framework to the Enterprise Capital Rule​ requirements. ​

Links to 2019 Strategic Plan and 2021 Scorecard

Contacts:

​Media: Raffi Williams Raffi.Williams@FHFA.gov / Adam Russell Adam.Russell@FHFA.gov

HUD: Additional Key Staff Announcement

Investor Update
February 16, 2021

Source: HUD

WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Chief of Staff Jenn Jones announced the appointment of new key staff members.

“These talented public servants will be valuable additions to HUD as we work to expand equitable access to housing and help our nation build back better by confronting COVID-19, equitably serving all Americans, creating economic opportunity, and addressing the climate crisis,” said Jones.

Jones announced the following leadership appointees:

• Jim Crawford, Special Assistant to the Deputy Secretary, Office of the Deputy Secretary

• Dan Hardcastle, Special Assistant for Special Projects, Office of the Secretary

• Lopa Kolluri, Principal Deputy Assistant Secretary for Housing, Department of Housing/Federal Housing Administration

• Gina Metrakas, Senior Advisor for Executive Orders and Executive Actions, Office of the Secretary

• Michele Perez, Assistant Deputy Secretary for Field Policy and Management, Office of Field Policy and Management

Winter Storm Uri Spawns Destructive Southern Tornadoes

Disaster Alert
February 16, 2021

Source: The Weather Channel

Approximate location (according to media outlets) sustaining structural damage:

Georgia

– Damascus (Early County, 31741, 39841)

North Carolina

– Grissettown (Brunswick County, 28469)
– Ocean Isle Beach (Brunswick County, 28467, 28469)
*Concentrated home damage reported in the Ocean Ridge Plantation Community

At a Glance

  • Homes were destroyed and one person was injured in Damascus, Georgia, by a tornado.
  • Three people were injured in Panama City Beach, Florida.
  • Winter Storm Uri battered the South Monday.

The tornado hit the Ocean Ridge Plantation area in Brunswick County, North Carolina, at about 11:50 p.m. Monday night, Brunswick County officials said.

Several homes were destroyed and several others were “severely” damaged. In all, at least 50 homes were affected, according to a news release from Bruswick County Emergency Services.

For full report, please click the source link above.

USDA: Foreclosure and Eviction Moratorium Extended

Investor Update
February 16, 2021

Source: USDA