Archives For: June 2021
HUD: Disaster Recovery Funds for Puerto Rico and USVI
The U.S. Department of Housing and Urban Development (HUD) published a Federal Register notice governing the use of $2 billion in Community Development Block Grant Disaster Recovery (CDBG-DR) funds for electric power system enhancements and improvements for Puerto Rico and the U.S. Virgin Islands.
21 Jun 2021
HUD: Adrianne Todman Sworn in as Deputy Secretary
The U.S. Department of Housing and Urban Development (HUD) announced that Adrianne Todman was officially sworn in as the twelfth deputy secretary of housing and urban development.
14 Jun 2021
Fannie Mae: SVC-2021-03: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to include a number of relevant changes impacting mortgage servicers.
9 Jun 2021
Freddie Mac: Guide Bulletin 2021-22: Servicing Updates
Freddie Mac issued a release announcing the COFI transition replacement index, updates to Subsequent Transfer of Servicing requirements, clarification on extinguishment of rights in collateral related to conveyance or financing and more.
9 Jun 2021
Fannie Mae: Protections for Renters Affected by COVID-19 Extended
Fannie Mae announced the extension of its multifamily COVID-19 forbearance program through September 30. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was previously set to expire on June 30.
3 Jun 2021
Fannie Mae: REOgram Notifications Transitioning to Property 360
Fannie Mae announced the availability of Property 360 for all mortgage servicers. The platform eliminates manual submissions for REOgram notifications for Real Estate Owned (REO) properties acquired through foreclosure or mortgage release (deed-in-lieu of foreclosure).
1 Jun 2021