This topic consolidates the latest industry publications pertaining to natural disasters, including FEMA declarations, agency issuance's, and impact analyses from top industry providers.
VA is extending Circular 26-20-12, Extended Relief Under the CARES Act for those Affected by COVID-19, and Circular 26-20-8, through December 31, 2020.
Fannie Mae updated the FAQs for COVID-19 servicing policies with policy revisions and additional details to provide more information about the COVID-19 temporary policies.
Search our Compliance Calendar for current regulatory changes & updates.
Fannie Mae updated the FAQs for COVID-19 selling policies with policy revisions and additional details to provide more information about the COVID-19 temporary policies.
VA announces measures mortgagees may employ to provide relief to borrowers affected by Hurricane Laura, including forbearance requests, moratoriums on foreclosure, late charge waivers, credit reporting, VA reporting, and considerations for National Guard activation.
DSnews – Chuck Green
While all of the COVID-19 protective measures have eased the most extreme of consumer delinquencies, what lurks around the corner once these protective measures run their course?
MReport—Christina Huges Babb
The results of a new study revealed that more than half of those who took out a mortgage during the COVID-19 pandemic regret it.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
FDIC announces a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana affected by Hurricane Laura.
VA announces measures mortgagees may employ to provide relief to borrowers affected by the recent severe storms in Iowa, including forbearance requests, moratoriums on foreclosure, late charge waivers, credit reporting, VA reporting, and National Guard considerations.
FDIC announces a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by wildfires.
FDIC announces a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Iowa affected by severe storms.
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DSnews – Phil Hall
According to a new forecast from CoreLogic, the damage from Hurrican Laura could total more than $88 Billion in reconstruction cost for homes along the Gulf Coast.
DS News--Phil Hall
According to CoreLogic, Hurricane Laura could bring more than $88 billion in housing damage to the Gulf Coast.
Mortgage Professional America – Lindsey Johnson
According to a report by the private mortgage insurance (MI) industry, it could take a family earning the national median income over 20 years to save for a 20 percent down payment.
DSnews – Christina Hughes Babb
Secretary Ben Carson announced HUD would resume Real Estate Assessment Center (REAC) inspections of Multifamily and public housing properties and units next month
