Archives For: Industry Alert
Storms Spawn Tornadoes in Southern Plains, Deep South
The Weather Channel provided updates on thunderstorm activity that produced tornadoes and flooding in several states.
28 Apr 2021
HUD: FHA INFO #21-24: Servicing and Loss Mitigation Webinar
HUD announced the availability of a pre-recorded webinar covering the policy changes and process improvements to the Servicing and Loss Mitigation section of Handbook 4000.1 published on April 19, 2021.
26 Apr 2021
FEMA Declared Disaster Tennessee Severe Winter Storms
FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe winter storms that took place February 11-19, 2021.
21 Apr 2021
HUD: Updated Servicing and Loss Mitigation Section of Handbook 4000.1
The U.S. Department of Housing and Urban Development (HUD) announced updates to the Servicing and Loss Mitigation section (Section III) of Single Family Housing Policy Handbook 4000.1.
19 Apr 2021
HUD: Accelerated Access to Puerto Rico Disaster Relief Funds
The U.S. Department of Housing and Urban Development (HUD) announced the obligation of $8.2 billion in Community Development Block Grant Mitigation funds for Puerto Rico, along with the removal of onerous restrictions unique to Puerto Rico that limited the island’s access to recovery funds that were allocated following Hurricane Maria in September 2017.
19 Apr 2021
FHFA: Foreclosure Prevention Report – January 2021
The Federal Housing Finance Agency (FHFA) issued its January 2021 Foreclosure Prevention, Refinance and FPM Report.
16 Apr 2021
Fannie Mae: RES-Post Payment Documentation Enhancements
Fannie Mae announced that the RES-Post Payment Documentation Request Portal job aid has been updated to include information regarding current features and associated screenshots.
15 Apr 2021
Freddie Mac: Guide Bulletin 2021-14: Servicing Updates
Freddie Mac announced updates to servicing of community land trust mortgages, eMortgage legal referral requirements, adjustments to the modification loss amount calculation and more.
14 Apr 2021
FHFA: What Types of Mortgages Do the GSEs Acquire?
The Federal Housing Finance Agency (FHFA) published a blog post presenting statistics for mortgages acquired and not acquired by Fannie Mae and Freddie Mac.
14 Apr 2021
Florida Circuit Courts Ordered to Move Pending Foreclosure Cases
DS News published an article authored by McCalla Raymer Leibert Pierce Managing Partner Jane Bond. In it, Bond discusses Amendment 10 of the Comprehensive COVID-19 Emergency Measures for Florida Trial Courts, which was recently issued by the Florida Supreme Court. The amendment mandates that most foreclosure cases will now either be considered a streamlined case or general civil case.
12 Apr 2021