Archives For: Industry Alert
FEMA Declared Disaster Michigan Severe Storms, Flooding, Tornadoes
FEMA issued a Presidential Major Disaster Declaration for areas in Michigan affected by severe storms, flooding and tornadoes that took place June 25-26, 2021.
15 Jul 2021
FEMA Designates $700 Million in Hazard Mitigation
DS News reported that FEMA has selected the sub-applications for the $700 million being made available in fiscal year 2020 for Building Resilient Infrastructure and Communities (BRIC) and Flood Mitigation Assistance (FMA) grant programs.
15 Jul 2021
Fannie Mae: SVC-2021-04: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to broaden the requirements for acceptance of mortgage assistance funds, introduce a new process for filing conventional mortgage insurance claims in the new MI Claims Portal and to simplify the REOgram™ notification process.
14 Jul 2021
FHFA: Foreclosure Prevention Report – April 2021
The Federal Housing Finance Agency (FHFA) issued its April 2021 Foreclosure Prevention, Refinance and FPM Report.
13 Jul 2021
Tropical Storm Elsa Completes Trek Up U.S. Atlantic Coast
FEMA issued an update to an Emergency Declaration for areas in Florida affected by Tropical Storm Elsa beginning on July 4, 2021 and continuing.
9 Jul 2021
HUD: FHA INFO #21-55: COVID-19 Loss Mitigation Polices Webinar
The Federal Housing Administration (FHA) announced the availability of a pre-recorded webinar that discusses in greater detail the policies outlined in Mortgagee Letter 2021-15 (COVID-19 guidance).
9 Jul 2021
FEMA Declared Disaster Mississippi Severe Winter Storms
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Mississippi affected by severe winter storms that took place February 11-19, 2021.
7 Jul 2021
Fannie Mae: Excess Fee for Resuming Pending Foreclosure Actions
Fannie Mae authorized a one-time excess legal fee for additional legal work required to resume pending foreclosures in certain jurisdictions when it is necessary to do so upon the lifting of applicable federal and state moratoria.
7 Jul 2021
Fannie Mae: New Resources Added to Servicer Toolkit
Fannie Mae announced enhancements to its servicer toolkit. Included are resources to help support borrowers once the foreclosure moratorium ends.
7 Jul 2021
OCC: Organizational Change Announcement
The Office of the Comptroller of the Currency (OCC) announced structural changes intended to enhance its efficiency and effectiveness.
6 Jul 2021