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Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Florida Hurricane Helene (DR-4828-FL)

FEMA Major Disaster Declaration – Florida Hurricane Helene

Posted on September 30, 2024December 16, 2024 by Safeguard

FEMA Alert
September 28, 2024

***Last Update: 11/26/24***

FEMA has issued a Major Disaster Declaration for the state of Florida to supplement state, tribal, and local recovery efforts in areas affected by Hurricane Helene beginning September 23, 2024 and continuing. The following counties have been approved for assistance:

Individual Assistance:

Alachua
Baker
Bradford
Charlotte
Citrus
Collier
Columbia
DeSoto
Dixie
Duval
Franklin
Gilchrist
Gulf
Hamilton
Hernando
Hillsborough
Jefferson
Lafayette
Lee
Leon
Levy
Madison
Manatee
Pasco
Pinellas
Putnam
Sarasota
Suwannee
Taylor
Union
Wakulla

Public Assistance:

Alachua
Baker
Bay
Bradford
Calhoun
Charlotte
Citrus
Clay
Collier
Columbia
Dixie
Duval
Escambia
Franklin
Gadsden
Gilchrist
Gulf
Hamilton
Hernando
Hillsborough
Holmes
Jackson
Jefferson
Lafayette
Lee
Leon
Levy
Liberty
Madison
Manatee
Marion
Monroe
Nassau
Okaloosa
Pasco
Pinellas
Putnam
Santa Rosa
Sarasota
Sumter
Suwannee
Taylor
Union
Wakulla
Walton
Washington

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Florida

Map of Affected Area

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Tennessee Tropical Storm Helene (EM-3620-EM)

FEMA Emergency Management Declaration – Tennessee Tropical Storm Helene

Posted on September 30, 2024 by Safeguard

FEMA Alert
September 27, 2024

FEMA has issued an Emergency Management Declaration for areas of Tennessee to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Helene beginning September 26, 2024 and continuing. The following counties have been approved for assistance:

Public Assistance:

Carter
Cocke
Greene
Hamblen
Hawkins
Johnson
Unicoi
Washington

President Joseph R. Biden, Jr. Approves Emergency Declaration for Tennessee

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Source: Federal Housing Finance Agency

FHFA Releases 2nd Quarter 2024 Foreclosure Prevention and Refinance Report

Posted on September 27, 2024 by Safeguard

Industry Update
September 24, 2024

The Federal Housing Finance Agency (FHFA) released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 7,004,262 since the start of conservatorships in September 2008.

The report also shows that 32 percent of loan modifications completed in the second quarter reduced borrowers’ monthly payments by more than 20 percent. The number of refinances increased from 69,877 in the first quarter of 2024 to 89,571 in the second quarter of 2024.

The Enterprises’ serious delinquency rate declined slightly from 0.51 percent at the end of the first quarter to 0.49 percent at the end of the second quarter. This compares with 3.17 percent for Federal Housing Administration (FHA) loans, 2.07 percent for Veterans Affairs (VA) loans, and 1.43 percent for all loans (industry average).

Other highlights from the report include:

Forbearance: At the end of the quarter, there were 31,827 loans in forbearance, representing approximately 0.10 percent of the Enterprises’ single-family conventional book of business, down from 34,348 or 0.11 percent at the end of the first quarter of 2024. Approximately 1 percent of these loans have been on a forbearance plan for more than 12 months.

Mortgage Performance: The 60+ day delinquency rate remained unchanged at 0.70 percent at the end of the second quarter of 2024 compared to the end of the first quarter of 2024.

Foreclosures: The number of foreclosure starts fell 7.0 percent to 17,339 while third-party and foreclosure sales declined 7.4 percent to 2,944 in the second quarter.

Real Estate Owned (REO) Activity & Inventory: The Enterprises’ REO inventory decreased 9.2 percent from 10,404 in the first quarter of 2024 to 9,450 in the second quarter of 2024, as property dispositions outpaced acquisitions. The total number of property acquisitions decreased 14.2 percent to 1,200, while dispositions rose to 2,105 during the quarter.

FHFA’s quarterly foreclosure prevention and refinance reports include data on the Enterprises’ mortgage performance, delinquencies, and active forbearance plans, as well as forfeiture actions and refinances by state. The data included in these reports are also available on FHFA’s website as an interactive Borrower Assistance Map.

For full report, please click the source link above.

First Look at August 2024 Mortgage Data

Posted on September 27, 2024September 27, 2024 by Safeguard

Industry Update
September 25, 2024

Source: ICE Mortgage Technology

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at August 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

The national delinquency rate fell 3 basis points (bps) to 3.34% in August, dropping 0.9% for the month but up 5.1% from last year.

The number of borrowers a single payment past due dropped by -26K, while 60-day delinquencies rose marginally by 1K.

Serious delinquencies (loans 90+ days past due but not in active foreclosure) rose 14K (+3.3%) to a six-month high, but remain historically low.

Foreclosure starts fell by 9% from the month prior and remain 32% below their 2019 levels.

Active foreclosure inventory also improved in the month, with the share of mortgages in foreclosure hitting the second-lowest level on record outside of the COVID-19 moratorium.

5.6K foreclosure sales were completed nationally in August – a +2.6% month-over-month increase, yet down -18.1% from last year and 58% below 2019 levels.

Prepayment activity (SMM) rose to 0.62% – a level not seen in two years (August 2022) – on easing rates, rising by 4.7% from July and 18.0% from last year.

For full report, please click the source link above.

Share of Mortgage Loans in Forbearance Increases to .31% in August

Posted on September 27, 2024 by Safeguard

Industry Update
September 23, 2024

Source: Mortgage Bankers Association

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.31% as of August 31, 2024. According to MBA’s estimate, 155,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.2 million borrowers since March 2020.

The share of Fannie Mae and Freddie Mac loans in forbearance increased 1 basis point to 0.13% in August 2024. Ginnie Mae loans in forbearance increased by 10 basis points to 0.66%, and the forbearance share for portfolio loans and private-label securities (PLS) increased 2 basis points to 0.35%.

“For the third consecutive month, the percentage of loans in forbearance increased across all loan types,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. “By investor type, Ginnie Mae loans in forbearance have increased the most – up 27 basis points since May 2024.”

Added Walsh, “Forbearance levels are much lower than they were during the first two years of the pandemic. However, a weakening in the performance of servicing portfolios and an increase in forbearance requests are both likely given the softening observed in the labor market.”

For full report, please click the source link above.

FEMA Emergency Management Declaration – North Carolina Hurricane Helene

Posted on September 27, 2024 by Safeguard

FEMA Alert
September 26, 2024

FEMA has issued an Emergency Management Declaration for areas of North Carolina to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Helene beginning September 25, 2024 and continuing. The following counties have been approved for assistance:

Public Assistance:

Alamance
Alexander
Alleghany
Anson
Ashe
Avery
Beaufort
Bertie
Bladen
Brunswick
Buncombe
Burke
Cabarrus
Caldwell
Camden
Carteret
Caswell
Catawba
Chatham
Cherokee
Chowan
Clay
Cleveland
Columbus
Craven
Cumberland
Currituck
Dare
Davidson
Davie
Duplin
Durham
Eastern Band of Cherokee Indians of North Carolina
Edgecombe
Forsyth
Franklin
Gaston
Gates
Graham
Granville
Greene
Guilford
Halifax
Harnett
Haywood
Henderson
Hertford
Hoke
Hyde
Iredell
Jackson
Johnston
Jones
Lee
Lenoir
Lincoln
Macon
Madison
Martin
McDowell
Mecklenburg
Mitchell
Montgomery
Moore
Nash
New Hanover
Northampton
Onslow
Orange
Pamlico
Pasquotank
Pender
Perquimans
Person
Pitt
Polk
Randolph
Richmond
Robeson
Rockingham
Rowan
Rutherford
Sampson
Scotland
Stanly
Stokes
Surry
Swain
Transylvania
Tyrrell
Union
Vance
Wake
Warren
Washington
Watauga
Wayne
Wilkes
Wilson
Yadkin
Yancey

North Carolina Hurricane Helene (EM-3617-NC)

President Joseph R. Biden, Jr. Approves Emergency Declaration for North Carolina

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Georgia Hurricane Helene (EM-3616-GA)

FEMA Emergency Management Declaration – Georgia Hurricane Helene

Posted on September 27, 2024 by Safeguard

FEMA Alert
September 26, 2024

FEMA has issued an Emergency Management Declaration for areas of Georgia to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Helene beginning September 24, 2024 and continuing. The following counties have been approved for assistance:

Public Assistance:

Appling
Atkinson
Bacon
Baker
Baldwin
Banks
Barrow
Bartow
Ben Hill
Berrien
Bibb
Bleckley
Brantley
Brooks
Bryan
Bulloch
Burke
Butts
Calhoun
Camden
Candler
Carroll
Catoosa
Charlton
Chatham
Chattahoochee
Chattooga
Cherokee
Clarke
Clay
Clayton
Clinch
Cobb
Coffee
Colquitt
Columbia
Cook
Coweta
Crawford
Crisp
Dade
Dawson
DeKalb
Decatur
Dodge
Dooly
Dougherty
Douglas
Early
Echols
Effingham
Elbert
Emanuel
Evans
Fannin
Fayette
Floyd
Forsyth
Franklin
Fulton
Gilmer
Glascock
Glynn
Gordon
Grady
Greene
Gwinnett
Habersham
Hall
Hancock
Haralson
Harris
Hart
Heard
Henry
Houston
Irwin
Jackson
Jasper
Jeff Davis
Jefferson
Jenkins
Johnson
Jones
Lamar
Lanier
Laurens
Lee
Liberty
Lincoln
Long
Lowndes
Lumpkin
Macon
Madison
Marion
McDuffie
McIntosh
Meriwether
Miller
Mitchell
Monroe
Montgomery
Morgan
Murray
Muscogee
Newton
Oconee
Oglethorpe
Paulding
Peach
Pickens
Pierce
Pike
Polk
Pulaski
Putnam
Quitman
Rabun
Randolph
Richmond
Rockdale
Schley
Screven
Seminole
Spalding
Stephens
Stewart
Sumter
Talbot
Taliaferro
Tattnall
Taylor
Telfair
Terrell
Thomas
Tift
Toombs
Towns
Treutlen
Troup
Turner
Twiggs
Union
Upson
Walker
Walton
Ware
Warren
Washington
Wayne
Webster
Wheeler
White
Whitfield
Wilcox
Wilkes
Wilkinson
Worth

President Joseph R. Biden, Jr. Approves Emergency Declaration for Georgia

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Alabama Hurricane Helene (EM-3618-AL)

FEMA Emergency Management Declaration – Alabama Hurricane Helene

Posted on September 27, 2024 by Safeguard

FEMA Alert
September 26, 2024

FEMA has issued an Emergency Management Declaration for areas of Alabama to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Helene beginning September 22, 2024 and continuing. The following counties have been approved for assistance:

Public Assistance:

Autauga
Baldwin
Barbour
Bibb
Blount
Bullock
Butler
Calhoun
Chambers
Cherokee
Chilton
Choctaw
Clarke
Clay
Cleburne
Coffee
Colbert
Conecuh
Coosa
Covington
Crenshaw
Cullman
Dale
Dallas
DeKalb
Elmore
Escambia
Etowah
Fayette
Franklin
Geneva
Greene
Hale
Henry
Houston
Jackson
Jefferson
Lamar
Lauderdale
Lawrence
Lee
Limestone
Lowndes
Macon
Madison
Marengo
Marion
Marshall
Mobile
Monroe
Montgomery
Morgan
Perry
Pickens
Pike
Randolph
Russell
Shelby
St. Clair
Sumter
Talladega
Tallapoosa
Tuscaloosa
Walker
Washington
Wilcox
Winston

President Joseph R. Biden, Jr. Approves Emergency Declaration for Alabama

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process