This topic consolidates the latest industry publications pertaining to natural disasters, including FEMA declarations, agency issuance's, and impact analyses from top industry providers.
Mortgage Professional America – Ryan Smith
According to the new report from Redfin, prices of affordable homes in the U.S. jumped 5.5% during the opening months of the COVID-19 crisis.
Mortgage Professional America – Duffie Osental
Redfin has resumed its buying homes through its RedfinNow iBuying program after pausing in mid-March due to economic uncertainty at the beginning of the COVID-19 crisis.
Search our Compliance Calendar for current regulatory changes & updates.
USDA has issued a new Reason Code - Reason Code 055 – National Emergency for any COVID-19 - which is to be reported for borrowers impacted by COVID-19 effective September 1 for August loan statuses.
DSnews – Krista F. Brock
In Regulators announcement of the new guidance, they said: “ The interagency guidance instructs examiners to consider the unique, evolving, and potentially long-term nature of the issues confronting institutions due to the COVID-19 pandemic and to exercise appropriate flexibility in their supervisory response.”
DSnews – Mike Albanese
Mike Exkrote, SVP Quality Control, with Planet Home Lending, discusses how homeowners can protect themselves from Fraud.
Mortgage News Daily – Jann Swanson
Don Layton, the former Freddie Mac CEO, analysis of current mortgage credit tightening for the Joint Center on Housing Studies, focused specifically on how those overlays may be affected by the borrower forbearance mandated by the CAREs Act for borrowers impacted financially by the COVIC-19 pandemic.
"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
MPA – Candyd Mendoza
DataVerify, in collaboration with Factual Data, announced that it would offer Innovis credit reports through its Drive workflow program for free through 2020.
Mortgage Professional America – Candyd Mendoza
According to the Federal Housing Finance Agency, US house prices continued to rise nationwide despite the COVID-19 pandemic.
insideARM – Katie Grzechnik Neill
For the third time, Connecticut extended its no-action policy, which relaxes the branch office licensing requirement for debt collectors who are working remotely due to the COVID-19 pandemic.
National Mortgage News – R.A. Schuetz
Homeowner Associations continue to take homeowners to court and initiate foreclosures during the economic crisis.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
MPA – Candyd Mendoza
Qualia announced adding The Closing Exchange’s eClosing services to its digital real estate closing platform to provide more contactless closing and remote notarization options.
MPA – Candyd Mendoza
Real estate investment firm UC Asset announced making its first mortgage bailout transaction with a rental property with a market value of $850,000.
MPA – Candyd Mendoza
Freddie Mac predicts a decline in the housing market for 2021 despite showing signs of recovery in the past few months.
USDA announces the extension of the foreclosure and eviction moratorium for all USDA Single Family Housing Guaranteed Loans Program (SFHGLP) loans through August 31, 2020, in connection with the Presidentially declared COVID-19 National Emergency.
