Archives For: Industry Alert
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) announced the appointment of two executives to the agency’s Executive Committee.
7 Dec 2020
FEMA Declared Disaster Delaware
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Delaware affected by Tropical Storm Isaias from August 4-7, 2020.
2 Dec 2020
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
Mudslide Destroys Homes, Damages Infrastructure in Southeast Alaska
USA Today published a report detailing severe weather activity in portions of Alaska that has caused destructive mudslides.
2 Dec 2020
Winter Storm Bringing Wind-Driven Snow to Eastern Great Lakes, Appalachians
The Weather Channel issued a report outlining winter storm activity that has spread heavy snow/rain across multiple U.S. states.
30 Nov 2020
CFPB: Advisory Opinions Policy Finalized
The Consumer Financial Protection Bureau (CFPB) issued its final Advisory Opinions Policy to publicly address regulatory uncertainty in its existing regulations and provide guidance to entities on outstanding regulatory uncertainty.
30 Nov 2020
CFPB: Executive Team Additions Announced
The CFPB announced several leadership position additions, including a new chief operating officer and chief information officer.
30 Nov 2020
HUD: FHA INFO #20-88: Extension of Temporary Guidance on the Endorsement of Mortgages Under Forbearance
HUD extended the period for mortgage forbearance provisions provided under the CARES Act. The extension allows mortgages to be endorsed for insurance when a borrower, after closing, has requested a forbearance due to the COVID-19 National Emergency.
27 Nov 2020
FEMA Declared Disaster California
FEMA issued an update to a Presidential Major Disaster Declaration for areas in California affected by wildfires from September 4 to November 17, 2020.
25 Nov 2020
HUD: FHA INFO #20-87: Private Flood Insurance Proposed Rule in Federal Register
HUD published a proposed rule in the Federal Register (Acceptance of Private Flood Insurance for Federal Housing Administration-Insured Mortgages). The previously announced rule will provide the option for private flood insurance on FHA-insured single family mortgaged properties located in special flood hazard areas.
23 Nov 2020