Archives For: Industry Alert
FHFA: Extended COVID-19 Forbearance Period and Moratoriums
The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions until June 30, 2021.
25 Feb 2021
Historic Winter Storms Cause Frozen and Burst Pipes in Southern U.S.
USA Today published an article outlining damage from severe winter storms that has left properties in Texas with frozen and burst water pipes.
25 Feb 2021
Freddie Mac: Guide Bulletin 2021-08: Temporary Servicing Guidance
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, expansion of the COVID‑19 forbearance plans, expansion of the COVID-19 payment deferral and clarification regarding Freddie Mac Flex Modification® eligibility for borrowers with a COVID-19 hardship.
25 Feb 2021
HUD: FHA INFO #21-11: COVID-19 Loss Mitigation Policies Webinar
The U.S. Department of Housing and Urban Development (HUD) announced the availability of a pre-recorded webinar that discusses the various policies outlined in Mortgagee Letter (ML) 2021-05, Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and Home Equity Conversion Mortgage (HECM) Extension Period; Expansion of COVID-19 Loss Mitigation Options.`
23 Feb 2021
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing information regarding upcoming system maintenance and recently announced COVID-19 policy guidance.
23 Feb 2021
HUD: Texas Winter Storm Federal Disaster Assistance
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by a severe winter storm.
22 Feb 2021
Resource: Eviction, Mortgage and Foreclosure Relief During COVID-19
Justia has created an online resource featuring a comprehensive state-by-state review of COVID-19 eviction and foreclosure protections as well as a summary of associated federal actions.
19 Feb 2021
FEMA Emergency Declaration Louisiana Severe Winter Storm
FEMA issued an Emergency Declaration for areas in Louisiana affected by a severe winter storm beginning on February 11, 2021 and continuing.
18 Feb 2021
NY Court of Appeals Rules on Foreclosure Deceleration, SOL
DS News published an article discussing a recent New York Court of Appeals decision that provided clear rules around the statute of limitations for foreclosure actions within the state. The article features commentary from McCalla Raymer Leibert Managing Partner Rich Haber.
18 Feb 2021
FEMA Declared Disaster Alaska Severe Storms, Flooding and Landslides
FEMA issued a Presidential Major Disaster Declaration for areas in Alaska affected by severe storms, flooding, landslides and mudslides that took place November 30 to December 2, 2020.
17 Feb 2021