Archives For: Industry Alert
Fannie Mae Lender Letter LL-2020-11: Disaster Payment Deferral
Fannie Mae announced that LL-2020-11 has been revised to clarify the intent of certain requirements in response to servicer inquiries. Additionally, an update has been made on the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in certain circumstances in connection with a disaster event.
27 Aug 2020
FHFA: Foreclosure and REO Eviction Moratorium Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020.
27 Aug 2020
VA: Circular 26-20-31: Special Relief Following California Wildfires
The VA issued a release that expresses concern about VA home loan borrowers affected by wildfires in California, and describes measures mortgagees may employ to provide relief.
27 Aug 2020
FEMA Declared Disaster Arkansas
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Arkansas affected by severe storms and straight-line winds that took place on April 12, 2020.
21 Aug 2020
FHFA: Foreclosure Prevention Report – May 2020
The Federal Housing Finance Agency (FHFA) issued its May 2020 Foreclosure Prevention, Refinance and FPM Report.
18 Aug 2020
Tropical Storm Josephine Forms in the Atlantic Ocean
The Weather Channel published a report offering the latest on Tropical Storm Josephine, which has formed in the Atlantic Ocean.
13 Aug 2020
VA: VALERI Special Announcement
Due to the high volume of Adequacy of Servicing (AOS) cases expected to generate over the next several months, the U.S. Department of Veterans Affairs has increased the amount released to 5,000 per day.
11 Aug 2020
FEMA Declared Disaster Alabama
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms and flooding that took place February 5 to March 6, 2020.
31 Jul 2020
Tropical Storm Hanna Heads for Texas Gulf Coast, Heavy Rain Expected
The Weather Channel issued a report offering the latest on Tropical Depression Hanna, which has caused flooding and damage in South Texas.
27 Jul 2020
Hurricane Douglas Likely to Strike Hawaii with Heavy Rain, High Winds
The Weather Channel published a report offering the latest updates for Hurricane Douglas, which is pulling away from Hawaii and expected to return to open water.
27 Jul 2020