Archives For: foreclosure
VA: Circular 26-20-40: Extended Foreclosure and Eviction Relief
The U.S. Department of Veterans Affairs (VA) announced extended foreclosure and eviction relief on properties secured by VA-guaranteed loans, including those previously secured by VA-guaranteed loans but currently in VA’s Real Estate Owned (REO) portfolio.
28 Dec 2020
USDA: Foreclosure and Eviction Moratorium Extension
The U.S. Department of Agriculture (USDA) announced that its foreclosure and eviction moratorium has been extended until February 28, 2021.
21 Dec 2020
FHA: Foreclosure and Eviction Moratorium Extension
The Federal Housing Administration (FHA) announced that it is extending its foreclosure and eviction moratorium for single family FHA-insured mortgages for an additional two months, through February 28, 2021.
21 Dec 2020
Foreclosures May Be Subject to ‘Drastic Changes’ Next Year
The latest episode of DS5’s Inside the Industry featured Safeguard Properties Director of Client Account Management Elizabeth Squires, who discussed the impact of COVID-19 on property preservation and foreclosure volumes.
11 Dec 2020
HUD: FHA INFO #20-86: FHA Catalyst: Claims Module – Expanded Functionality
The U.S. Department of Housing and Urban Development (HUD) announced expanded capabilities within FHA Catalyst, providing mortgagees with new claim functionality through the platform.
19 Nov 2020
FHA’s Response to a National Health Crisis
DS News published an article outlining the NPPC 2020 keynote address of HUD Senior Advisor to the Assistant Secretary for Housing and Federal Housing Commissioner Dror Oppenheimer.
10 Nov 2020
Fannie Mae: SVC-2020-05: Servicing Guide Updates
Fannie Mae issued a release announcing updates to its Valuation Management System Valuation Order template, Evaluation Notices and payment deferral agreement.
14 Oct 2020
California Law to Prevent Bulk Foreclosed Property Sales
California Governor signed SB 1079 (Residential property: foreclosure) into law. Taking effect on January 1, 2021, the law will prohibit bulk sales of foreclosed properties (one to four units).
28 Sep 2020
HUD: Disaster Assistance for Victims of Oregon Wildfires
The U.S. Department of Veterans Affairs (VA) announced federal disaster assistance for the State of Oregon to provide support to homeowners and low-income renters displaced from their homes in areas affected by wildfires and straight-line winds.
17 Sep 2020
Fannie Mae: SVC-2020-04: Servicing Guide Updates
Fannie Mae issued an update that revises the allowable foreclosure attorney fees for Hawaii, incorporates disaster payment deferral policy and references to payment deferral, updates the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in connection with a disaster event, and removes outdated references to master agreements.
9 Sep 2020