Archives For: Industry Alert
FEMA Declared Disaster North Carolina Tropical Storm Eta
FEMA issued a Presidential Major Disaster Declaration for areas in North Carolina affected by Tropical Storm Eta November 12-15, 2020.
3 Mar 2021
CFPB: Housing Insecurity and the COVID-19 Pandemic
The Consumer Financial Protection Bureau (CFPB) issued a report summarizing some of the relevant data and research associated with the impact of the COVID-19 pandemic on the rental and mortgage market. Specifically, it outlines the risk of widespread evictions and foreclosures once federal, state and local pandemic protections come to an end.
1 Mar 2021
Texas Judge Finds National Eviction Ban Unconstitutional
CNBC published an article outlining a recent ruling by a Texas federal judge that has designated the current national eviction ban as being unconstitutional.
26 Feb 2021
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