Archives For: Industry Alert
FEMA Declared Disaster Arkansas
FEMA issued a Presidential Major Disaster Declaration for areas in Arkansas affected by severe storms, tornadoes and straight-line winds that took place March 28, 2020.
8 May 2020
ATTOM: 3.6 Million Homes Considered Seriously Underwater
ATTOM Data Solutions released its first quarter 2020 U.S. Home Equity & Underwater Report. According to its findings, 3.6 million (one in 15) mortgaged homes were considered seriously underwater during this time frame.
7 May 2020
AccuWeather Increases Number of Hurricanes Predicted for 2020 Atlantic Season
AccuWeather published a report outlining its updated 2020 Atlantic Basin hurricane forecast.
7 May 2020
FHFA: New COO Announced
The Federal Housing Finance Agency (FHFA) announced that Kate Fulton will join the agency as chief operating officer on May 26.
27 Apr 2020
FHFA: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2019
The FHFA announced that it issued orders with respect to stress test reporting as of December 31, 2019, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, as amended by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
27 Apr 2020
CFPB: Mortgage Loan Transfer Process to Prevent Consumer Harm
The CFPB has outlined practices to provide mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.
24 Apr 2020
FEMA Declared Disaster American Samoa
FEMA issued a Presidential Major Disaster Declaration for areas in American Samoa affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing.
17 Apr 2020
FEMA Declared Disaster Wyoming
FEMA issued a Presidential Major Disaster Declaration for areas in Wyoming affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing.
11 Apr 2020
Maine Law to Allow Mortgagees to Enter Vacant Properties
Recently, LD 1963/HP 1407 (An Act to Preserve the Value of Abandoned Properties by Allowing Entry by Mortgagees) was signed by Maine Governor Janet T. Mills. Taking effect on June 15 2020,, the bill amends provisions of state law that set the process by which a plaintiff in a foreclosure action may enter property that has been abandoned by the homeowner.
10 Apr 2020
FHFA: Foreclosure Prevention Report – January 2020
The Federal Housing Finance Agency (FHFA) published its January 2020 Foreclosure Prevention, Refinance and FPM Report.
10 Apr 2020