Archives For: Industry Alert
Beta’s Remnants Spreading Heavy Rain Across Southeast
The Weather Channel published a report offering the latest updates on Tropical Storm Beta, which has become a post-tropical system and is spreading heavy rain across the Southeast U.S.
23 Sep 2020
Hurricane Teddy Expected to Miss Maine
WMTW ABC 8 issued a report offering an update on Hurricane Teddy, which is moving northeast near the U.S. East Coast.
21 Sep 2020
HUD: FHA INFO #20-68: Pre-Recorded Servicing and Loss Mitigation Webinar
The U.S. Department of Housing and Urban Development (HUD) announced that the pre-recorded Servicing and Loss Mitigation for FHA-Insured Mortgages in Presidentially-Declared Major Disaster Areas webinar has been posted on the Single Family Housing Archived Webinars page, and is now available for viewing.
18 Sep 2020
HUD: FHA INFO #20-67: HERMIT System Update
The U.S. Department of Housing and Urban Development (HUD) announced updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system’s file format and layout.
16 Sep 2020
FEMA Declared Disaster Louisiana
FEMA issued an update to a Presidential Major Disaster Declaration for areas in Louisiana affected by Hurricane Laura from August 22-27, 2020.
12 Sep 2020
FHA INFO #20-66: HERMIT System Submissions for COVID-19 Related Extensions
The U.S. Department of Housing and Urban Development (HUD) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to the Presidentially-Declared COVID-19 National Emergency for Home Equity Conversion Mortgages. The extension of the foreclosure and eviction moratorium were published in Mortgagee Letter 2020-27.
10 Sep 2020
FEMA Declared Disaster Puerto Rico
FEMA issued a Presidential Major Disaster Declaration for areas in Puerto Rico affected by Hurricane Isaias from July 29-31, 2020.
9 Sep 2020
VA: Circular 26-20-34: Special Relief Following Hurricane Laura
The VA issued a release that expresses concern about VA home loan borrowers affected by Hurricane Laura, and describes measures mortgagees may employ to provide relief.
4 Sep 2020
HUD: FHA INFO #20-64: Guidance Regarding Presidentially-Declared Major Disaster Areas During the COVID-19 Pandemic
HUD provided clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in the U.S. and its territories when a Presidential Major Disaster Declaration is issued during the COVID-19 pandemic.
2 Sep 2020
Tropical Storm Marco Makes Landfall, Weakens
FEMA issued an update to an Emergency Declaration for areas in Mississippi affected by Hurricane Marco and Tropical Storm Laura beginning on August 23, 2020 and continuing. The action closes the incident period on August 29, 2020.
1 Sep 2020