Investor Update
May 13, 2019
Source: FHFA
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has announced that Clinton Jones, Lynn Fisher and Matt Grinney will join the Agency. Jones has been named Senior Advisor for Legal Affairs and Policy, Fisher will serve as Senior Advisor for Economics and Grinney will be a Senior Communications and Policy Advisor.
Investor Update
May 7, 2019
Source: Fannie Mae
The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification.
NOTE: As a reminder, the interest rate used to determine the final modification terms must be the same fixed interest rate that was used when determining eligibility for the Trial Period Plan and calculating the Trial Period Plan payment.
FEMA Alert Update
October 16, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. the action extends the incident period to August 23, 2019.
Mississippi Severe Storms, Straight-line Winds, Tornadoes, And Flooding (DR-4429)
FEMA Daily Ops Amendment Notification (image)
FEMA Alert Update
September 20, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following counties are eligible for assistance:
Individual Assistance
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Mississippi Severe Storms, Straight-line Winds, Tornadoes, And Flooding (DR-4429): Amendment 6
FEMA Declared Disaster Mississippi: ZIP Code List
FEMA Alert Update
August 22, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following counties are eligible for assistance:
Public Assistance
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FEMA Release: Declared Disaster Amendment for Mississippi
ZIP Code List for FEMA Declared Disaster for Mississippi
FEMA Alert Update
July 26, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following county is eligible for assistance:
Public Assistance
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FEMA Release: Declared Disaster Amendment for Mississippi
ZIP Code List for FEMA Declared Disaster for Mississippi
FEMA Alert Update
May 22, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following counties are eligible for assistance:
Public Assistance
|
FEMA Release: Declared Disaster Amendment for Mississippi
ZIP Code List for FEMA Declared Disaster for Mississippi
FEMA Alert Update
April 30, 2019
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. The following counties are eligible for assistance:
Public Assistance
|
FEMA Release: Declared Disaster Amendment for Mississippi
ZIP Code List for FEMA Declared Disaster for Mississippi
FEMA Alert
April 23, 2019
FEMA issued a Presidential Major Disaster Declaration for areas in Mississippi affected by severe storms, straight-line winds, tornadoes and flooding that took place February 22 to March 29, 2019. . The following counties are eligible for assistance:
Public Assistance
|
FEMA Release: Declared Disaster for Mississippi
ZIP Code List for FEMA Declared Disaster for Mississippi
Additional Resources
FEMA’s web site
FEMA’s Disaster Declaration Process
Safeguard Properties Industry Alerts
VA’s Policy Regarding Natural Disasters
FEMA Alert
May 7, 2019
FEMA issued a Presidential Major Disaster Declaration for areas in the Territory of Guam affected by Typhoon Wutip from February 23-25, 2019. The entire territory is eligible for Public Assistance.
FEMA Release: Declared Disaster for Guam
ZIP Code List for FEMA Declared Disaster for Guam
Additional Resources
FEMA’s web site
FEMA’s Disaster Declaration Process
Safeguard Properties Industry Alerts
VA’s Policy Regarding Natural Disasters
Disaster Alert
May 8, 2019
Source: AccuWeather
Additional Resources:
KHOU CBS 11 (400 Homes Reportedly Flooded in Kingwood)
Approximate locations containing tornado structural damage:
Oklahoma
Approximate locations containing home flooding:
Texas
NOTE: This is not currently a FEMA Declared Disaster.
Tornadoes, flooding rain, large hail and damaging winds are among the threats as a severe weather outbreak persists across the south-central United States on Wednesday. Potent thunderstorms unleashed baseball-sized hail, flooding rainfall and numerous tornadoes across western portions of Texas and Oklahoma on Tuesday and through the overnight hours as severe conditions jolted the region. Those same weather elements will remain a threat for a large swath of the country Wednesday through Thursday as the explosive atmospheric conditions continue marching across the country.
At least 14 preliminary tornadoes were reported on Tuesday. Law enforcement confirmed that a tornado moved from Howardwick to Alanreed, Texas, which is east of Amarillo.
A dangerous situation unfolded later Tuesday evening as a large tornado tracked from near Hobart to Rocky, Oklahoma. This was confirmed by footage from nearby storm chasers when illuminated by lightning. Damage has been reported in the town of Rocky.
National Weather Service (NWS) offices will conduct storm surveys over the coming days to confirm the number of tornadoes that touched down on Tuesday.
For full report, please click the source link above.
Investor Update
May 6, 2019
Source: FHFA
Investor Update
May 1, 2019
Source: Freddie Mac
As part of our ongoing commitment to doing better business with you, we’re creating a more robust and modern digital user experience. We’re excited to announce that we are launching a redesigned Single-Family website this Spring, which will include an enhanced Single-Family Seller/Servicer Guide (Guide).
Everything Your Business Needs – All in One Place
• Easy-to-find interactive tools and industry resources
Relevant site content organized by function to help you find the right products and tools for your business, including direct access to the Guide
• News & insights by industry leaders. Access to Freddie Mac thought leadership pieces and key data on industry trends
• Improved search and results. Enhanced search capabilities make it easy to find relevant topics and training on the Single-Family website and specific content within the Guide
• Optimized for mobile use. Seamless access to the Single-Family website and the Guide on the go from any mobile device
There will not be any changes to our requirements upon launching the enhanced Guide. We will continue to announce requirement changes in our Guide Bulletins, which will be available on both the Single-Family website and AllRegs®.
The Guide on AllRegs will remain the official electronic version until further notice.
For More Information
• Watch this quick video.
• Read our Frequently Asked Questions [pdf] for more details.
• Contact the Customer Support Contact Center (800-FREDDIE).
FEMA Alert
May 2, 2019
FEMA issued a Presidential Major Disaster Declaration for areas in Oregon affected by severe winter storms, flooding, landslides and mudslides that took place February 23-26, 2019.
The following counties are eligible for assistance:
Public Assistance
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FEMA Release: Declared Disaster for Oregon
ZIP Code List for FEMA Declared Disaster for Oregon
Additional Resources
FEMA’s web site
FEMA’s Disaster Declaration Process
Safeguard Properties Industry Alerts
VA’s Policy Regarding Natural Disasters
Safeguard in the News
April 24, 2019
Source: MReport
The Veterans Financial Services Advisory Council (VFSAC), an organization that helps veterans and their families in search of support related to housing and critical services, is holding its First Annual VFSAC Golf Classic this May.
The tournament, which will be held at Stonebriar Country Club in Frisco, Texas, on May 14, will bring together industry leaders as they hit the greens to support our nation’s military families. All the proceeds from this tournament will be donated to Operation Homefront, a national 501(c)(3) that partners with VFSAC to address the ongoing housing needs of veterans and their families.
Former Wells Fago executive and VFSAC council member JK Huey told DS News, “I’ve participated in many golf tournaments over the past 30 years, and while many of them were for very good causes, this is one that I’m most proud of and excited about.”
Founded by Five Star Global President and CEO Ed Delgado in 2016, VFSAC’s Executive Council includes leaders from Auction.com, Alacrity Services, Aspen Grove Solutions, Five Brothers Asset Management, The Five Star Institute, Home Depot, Operation Homefront, Rushmore Loan Management Services, Safeguard Properties, and ServiceMac. The organization’s current Chair is Terry Smith, CEO for Rushmore Loan Management Services LLC.
The organization’s ongoing initiatives include the “Homes on the Homefront” program that provides mortgage-free homes to veterans and their families looking to reintegrate into the civilian community. Through this plan, VFSAC receives industry donations of distressed residential assets in an “as-is” condition. Through a collaborative effort, it conducts repairs and necessary rehab to restore these homes into a move-in-ready condition for veterans. The program also accepts rehabbed homes from investors, asset management companies, and mortgage companies. Once these homes are move-in ready, they become available as mortgage-free homes to qualified veteran families.
Sponsors for the 2019 VFSAC Golf Classic include ALAW; Aspen Grove Solutions; Auction.com; Carrington; Five Brothers Asset Management; Ginali Associates; Goldman Sachs; Google; LoanCare; National Field Representatives, Inc.; Novare National Settlement Service (A Division of Fidelity National Title); Prominent Escrow Services, Inc. and FIN Title; RSMA Law; Rushmore Cares; Safeguard; ServiceLink; Xome; and York-Jersey Underwriters.
To register for the tournament, click here. You can learn more about sponsorship opportunities here.
Editor’s note: Although VFSAC was founded by Five Star Global President and CEO Ed Delgado, it is an independent working group and is not affiliated with Five Star Global, Five Star Institute, or any of its companies.
FEMA Alert
April 29, 2019
FEMA issued a Presidential Major Disaster Declaration for the Sac & Fox Tribe of the Mississippi in Iowa as a result of severe storms and flooding that took place March 13 to April 1, 2019. The following tribal area is eligible for assistance:
Public Assistance
|
NOTE: Tribal areas are approximate and may be incomplete.
FEMA Release: Declared Disaster for Sac & Fox Tribe of the Mississippi in Iowa
ZIP Code List for FEMA Declared Disaster for Sac & Fox Tribe of the Mississippi in Iowa
Additional Resources
FEMA’s web site
FEMA’s Disaster Declaration Process
Safeguard Properties Industry Alerts
VA’s Policy Regarding Natural Disasters
