FHFA: Foreclosure Suspension Announced for Borrowers Applying for Relief through the Homeowner Assistance Fund
Servicers with mortgages backed by Fannie Mae and Freddie Mac must delay the foreclosure process for up to 60 days The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that…
HUD: Disaster Assistance Announced for Puerto Rico Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Puerto Rico affected by a severe storm, flooding, and landslides from February 4 and February 6, 2022. On March 29, President Biden issued a major disaster declaration for…
FHFA: Fourth Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6.3 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 153,793 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,364,278…
OCC: Improvement in Mortgage Performance Reported for Fourth Quarter 2021
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021. The OCC Mortgage Metrics Report, Fourth Quarter 2021 showed that 96.4 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
HUD: Disaster Assistance Announced for Maine Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Maine affected by a severe storm and flooding from October 30 to October 31, 2021. On March 15, President Biden issued a major disaster declaration for the counties…
HUD: Disaster Assistance Announced for Virginia Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement Commonwealth, Tribal, and local recovery efforts in the areas of Virginia affected by a severe winter storm and snowstorm on January 2 to January 3, 2022. On March 11, President Biden issued a major disaster declaration for the…
HUD: Disaster Assistance Announced for Tennessee Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Tennessee affected by a severe winter storm on February 3 to February 4, 2022. On March 11, President Biden issued a major disaster declaration for the counties of Crockett,…
HUD: Disaster Assistance Announced for Iowa Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Iowa affected by severe storms, straight-line winds, and tornadoes on December 15, 2021. On February 23, President Biden issued a major disaster declaration for the counties of Appanoose, Audubon,…
HUD: Disaster Assistance Announced for Nebraska Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Nebraska affected by severe storms, straight-line winds, and tornadoes on December 15, 2021. On February 23, President Biden issued a major disaster declaration for the counties of Adams, Buffalo,…
HUD: Disaster Assistance Announced for Kansas Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Kansas affected by severe storms and straight-line winds on December 15, 2021. On February 17, President Biden issued a major disaster declaration for the counties of Barton, Brown, Clay,…