FHA Revises Standard Single-Family Servicing Policies

first_img Previous: CFPB Issues Increased Eviction Protections Next: Forbearance Volume Continues to Slide Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Subscribe  Print This Post About Author: Christina Hughes Babb 2021-04-19 Christina Hughes Babb in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Home / Daily Dose / FHA Revises Standard Single-Family Servicing Policies Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago FHA Revises Standard Single-Family Servicing Policies Data Provider Black Knight to Acquire Top of Mind 2 days ago Federal Housing Administration (FHA) Monday announced updates to its Single Family Handbook, which it says will strengthen loss-mitigation approaches for struggling borrowers while streamlining servicer requirements.”The update to FHA’s Servicing and Loss Mitigation section of the FHA Single Family Housing Policy Handbook streamlines many standard operational requirements for mortgage servicers, including revising FHA’s loss mitigation home retention waterfall so that servicers can more quickly offer effective loss mitigation home retention options to borrowers in danger of losing their homes to foreclosure,” FHA stated in a press release.Additional changes streamline and enhance many servicing requirements to provide more consistency with industry practices and reduce barriers to servicing FHA-insured single family mortgages, according to FHA.”With these updates, we have strengthened the ability of servicers to reach and help more struggling borrowers with FHA-insured mortgages, more quickly,” said Principal Deputy Assistant Secretary for Housing Lopa Kolluri. “The updates to our policies will ensure quality servicing activities, streamline servicing requirements, more closely align our servicing policies with industry servicing practices, and improve outcomes.”FHA says the described policy changes—based on rigorous internal analysis and extensive public feedback—will improve the effectiveness and efficiency of FHA’s servicing policies. Changes announced today also augment FHA’s actions earlier this year to provide urgent and immediate support to the nation’s homeowners struggling to make their mortgage payments due to COVID-19.A revised loss mitigation waterfall that allows servicers to review struggling borrowers for a permanent FHA Home Affordable Modification Program (FHA-HAMP) home retention option without a lengthy forbearance, which has been proven to be highly effective at helping borrowers avoid redefault and foreclosure;Streamlined documentation requirements to avoid unnecessary delays and to align more closely with standard industry servicing practices, including removing signature requirements on Trial Payment Plans; andA revised structure for certain allowable costs and fees that corresponds with fee structures used by other industry participants.“The work completed today responds to feedback we’ve received about the complexity and cost of servicing FHA-insured mortgages,” said Acting Associate Deputy Assistant Secretary for Single Family Housing Julie Shaffer. “FHA requirements will continue to reflect our high expectations of servicers and updating our processes and addressing outdated and unnecessary requirements will improve the program for borrowers and servicers.”FHA-insured borrowers should visit FHA’s COVID-19 Resources for Homeowners web page on FHA.gov. Other borrowers are encouraged to visit the Consumer Financial Protection Bureau’s Coronavirus Mortgage and Housing Assistance web pages. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 19, 2021 1,923 Views The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Palm Beach, Broward Counties Brace for 1000 Illegal Migrants a Month

first_imgPalm Beach County Sheriff Ric Bradshaw said today in a press conference that this county already has a substantial homeless problem and a health crisis with the Hepatitis A outbreak.  He said currently Palm Beach County is not capable or prepared to absorb 500 undocumented immigrants a month on an indefinite basis.Palm Beach County Mayor Mack Bernard also speaking at the presser said that the county may be forced to declare a National Emergency.WATCH LIVE: Sheriff Ric Bradshaw discusses plan to move migrants from border to Palm Beach County.Trump’s plan: https://t.co/Jo1IYfe0Gr https://t.co/VcMBa6y8oY— WPEC CBS12 News (@CBS12) May 16, 2019 The Trump administration and U.S. Border Patrol suddenly announced, without any warning, that within the next two weeks 135 illegal migrants,  will be transported to Palm Beach and Broward Counties twice a week and released into the local population.  Local officials say this is a danger to the community and the hundreds of individuals will simply issued “a notice to appear.”Palm Beach County Sheriff Ric Bradshaw says the federal government will be sending 1,000 undocumented immigrants a month to Broward and Palm from Texas with no plan on how to accommodate them. “We think it is a danger to this community.” They’ll be issued notices to appear. pic.twitter.com/BhQoWX9FK7— Skyler Swisher (@SkylerSwisher) May 16, 2019 According to border patrol, the migrants will be shipped into Palm Beach and Broward Counties with a notice to appear, and then they will be released into the already strained, unsustainable population never to be seen again.Currently, officials do not know who these people are, if they have health problems, if they have transportation or financial means.Sheriff Bradshaw indicated some of the migrants may have indicated when they were intercepted at the Mexico/Texas border that they ultimately wanted to end up in Florida and that’s why they are being sent here.The 500 migrants flooding into Palm Beach County each month could be made up of family units or adult males, possibly with a criminal background.last_img read more

Rob Gronkowski retirement: 5 fast facts about the tight end’s stellar career

first_img“It was a pleasure and a privilege to coach Rob Gronkowski the past nine years,” Belichick said in a statement. “From his rookie year until his final season and through countless times in between, Rob was a major reason why we won games and championships.“Rob’s impact on our team and organization was felt in many ways. … Rob will leave an indelible mark on the Patriots organization and the game as among the best, most complete players at his position to ever play.”Gronkowski, who struggled with injuries throughout his career, won three Super Bowls and made five Pro Bowls during his time with New England.Here are five fast facts about the tight end’s stellar career:— The tight end tallied four seasons with 1,000 or more receiving yards. That’s tied for the most ever by a player at his position.— The former Arizona star leads all tight ends in postseason catches (81), receiving yards (1,163) and receiving scores (12). Jerry Rice is the only player who has caught more touchdowns in the playoffs.— Gronkowski and Rice are the only two pass catchers in history to register 20 or more receptions, 200 or more receiving yards and three or more touchdowns in the Super Bowl.— In 2011, Gronkowski pulled in 17 touchdowns, the most ever by a tight end. Only four players have ever had more receiving scores in a single season. Rob Gronkowski will not be back in a Patriots uniform in 2019.The 29-year-old tight end announced his retirement Sunday on Instagram. He spent all nine of his NFL seasons in New England. — Since he entered the NFL in 2010, Gronkowski has registered seven games with multiple touchdowns and 100 or more receiving yards. Only four wideouts have recorded more: Antonio Brown, Jordy Nelson, Calvin Johnson and Julio Jones.Stats provided by OptaJerry “It’s time to move forward and move forward with a big smile on my face knowing that the New England Patriots organization, Pats nation and all my fans will truly be a big part of my heart for the rest of my life,” Gronkowski wrote. “It was truly an incredible honor to play for such a great, established organization.”Patriots coach Bill Belichick praised Gronkowski later in the day. Related Newscenter_img Patriots star Tom Brady reacts to Rob Gronkowski’s retirement announcement Bill Belichick praises Rob Gronkowski: He ‘was a major reason why we won games and championships’last_img read more

Temporary Closure Planned For Upper Mount Ellinor Trailhead

first_imgFacebook0Tweet0Pin0 Submitted by US Forest ServiceThe Upper Mount Ellinor Trailhead, Forest Service Road 2419-014, will be closed to the public on August 20 and 21, 2013, while construction of a new pre-cast concrete restroom is underway.  Heavy equipment will be required to complete the installation, and this closure is necessary to ensure public safety.  Please expect delays at the intersection of Forest Service Roads 24 and 2419 on August 21 while the crane is in operation.The area will be reopened as soon as the work has been completed.last_img read more

Shadowbrook To Auction Off Furnishings, Décor, Mirrors and More

first_imgFor information and photos visit theauctioneersgroup.com or call Peter Costanzo at 732.776.7222 for additional details. SHREWSBURY – A portion of the contents of TheShadowbrook will be sold on-site in a public auction on Saturday, Jan. 26 at 10a.m. The auction and preview will be on-site at Shadowbrook at Shrewsbury, 1 Obre Place, Shrewsbury. In 2015, the owners of The Venetian inGarfield and Seasons in Washington Township purchased Shadowbrook. The buildingclosed on January 1 to undergo a multi-million dollar renovation to add anaddition. Shadowbrook at Shrewsbury wasestablished in 1908 as the summer home of Dr. Ernest Fahnestock and remained inhis family until 1942, when the home was sold and transitioned into anestablished restaurant and later well known catering venue that has hostedthousands of weddings and special events throughout its successful tenure. center_img The live auction will begin on Saturday, Jan 26th at 10 a.m. The preview will be available on Friday, Jan 25th from 10 a.m. to 4 p.m. and on Saturday morning from 8-10 a.m. Antique furnishings, classic décor,decorative mirrors, artwork, architectural features, collectibles and lightingfixtures, including a famous gold chandelier with hand carved horses from theBaltimore Hotel from the foyer, will be featured. Also included will be banquetfurniture, supplies, and equipment.last_img read more

SANTA ANITA SELECTS TWO INTERNATIONAL CALLERS TO AUDITION FOR THE VOICE OF THE GREAT RACE PLACE

first_img“It was very difficult to select these two to audition from the many contenders,” Morris continued, “but both Craig and David bring something unique to their craft, in addition to being well regarded and highly recommended. We are looking forward to welcoming them to the Santa Anita Announcer Booth as we finalize this process.” Both will call two full days each and will contend with Michael Wrona and Frank Mirahmadi who have been calling at Santa Anita on a rotational schedule with Golden Gate Fields since the Santa Anita meeting opened on Dec. 26. # # # David Fitzgerald, 31, a Racing UK presenter and commentator since 2010, including the 2014 and 2015 Royal Ascot meetings, will call at Santa Anita over the weekend of Feb. 27 and Feb. 28. “Michael and Frank have both done an excellent job,” said Joe Morris, SVP of West Coast Operations for The Stronach Group. “Even though the feedback for both has been very positive, we owe it to our fans to make sure we have explored every option. The quality of announcer submissions was overwhelming and included many well-known and well-respected announcers currently working at other tracks. We also have heard a few young stars in the making. Craig Evans, 48, the Senior Race Broadcaster for the Singapore Turf Club since 2010, will call at Santa Anita over the weekend of Feb. 20 and Feb. 21. Arcadia, Calif. (Feb. 11, 2016) – After a world-wide search resulted in nearly three dozen applications from nearly every continent, the management of Santa Anita Park has invited two international race callers to join the audition process later this month to become the permanent track announcer at The Great Race Place.last_img read more

Major power cut strikes Lifford

first_imgA large number of homes and businesses in Lifford are without power following a major fault.The electricity outage has been reported in many areas in and around the town this Wednesday afternoon.ESB Networks has said that repair crews are currently working on the issue. It is expected that customers will have power supplies restored by approx 6.30pm this evening. Major power cut strikes Lifford was last modified: July 10th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Sharks acquire Gustav Nyquist from Detroit Red Wings

first_imgCLICK HERE if you are having a problem viewing the photos on a mobile device Already boasting one of the NHL’s most prolific offenses, the Sharks on Sunday night added another skilled forward to their roster as they acquired Gustav Nyquist from the Detroit Red Wings for two draft picks.In the deal, coming on the eve of Monday’s NHL’s Trade Deadline, the Red Wings will receive the lower of San Jose or Florida’s 2019 second round selections, along with San Jose’s third round selection in 2020. …last_img read more

Gift of the Givers appeals for Beaufort West water help

first_imgSouth African relief aid organisation the Gift of the Givers has appealed to all South Africans to help combat the drought in the Western Cape, particularly in the town of Beaufort West, where the water supply is dire.The Gift of the Givers is helping to avert the water crisis in Beaufort West and the surrounding region, through water management projects as well as donations of animal feed and water. (Image: Gift of the Givers website)CD AndersonThe group has asked that South Africans donate sealed bottled water to be sent to Beaufort West, in the Karoo. The town’s dam, its only water supply, has run dry and residents are relying solely on borehole water and treated sewage water.In addition to donations from the public, the Gift of the Givers is working with hydrologists to source much-needed groundwater. The team is led by hydrologist Dr Gideon Groenewald.1.2 Million Litres per day for Beaufort West. #DroughtSA pic.twitter.com/3euwbbvzFe— Gift of the Givers (@GiftoftheGivers) November 28, 2017Givers chairman Imtiaz Sooliman said at the beginning of November 2017 that while the project to find groundwater was progressing well, the town needed much more to tackle the crisis. “We did find water. Right now, we have 420,000 litres per day. That borehole should be fully functional today. We are looking at more boreholes for at least 1 million litres of water a day, so that the whole town can be fed.”Today, @GiftoftheGivers is delighted to announce that we can safely pump out 1.2 million litres a day without stressing the new aquifers we have drilled into. #DroughtSA pic.twitter.com/U9vPWycjUI— Gift of the Givers (@GiftoftheGivers) November 28, 2017After 28 days of work on the project, the Givers announced on 28 November that 1.2 million litres a day was now being safely pumped into the town’s water reservoirs. It added: “We still pray for… rains to fill the various dams in the region and the underground water reserves, simultaneously requesting all South Africans to conserve this scarce resource and use it sparingly and efficiently.”The Gift of the Givers is also intervening in the nearby farming town of Vredendal, with relief deliveries of animal fodder and food and water for almost 3,000 farm workers.We open in prayer…it’s not about Black & White or them & us or Christian & Muslim, it’s about humanity, acknowledging our diversity, holding hands together because we are ALL South African. #DroughtSA https://t.co/HK86B6Mbj6 pic.twitter.com/CPqF4klm5K— Gift of the Givers (@GiftoftheGivers) November 16, 2017A visit to Sutherland with 2 trucks of fodder & a 3rd bringing cotton. #DroughtSA details here: https://t.co/HK86B6Mbj6 pic.twitter.com/sUpq948aEm— Gift of the Givers (@GiftoftheGivers) November 16, 2017Both the Givers and the Beaufort West municipality have appealed to travellers passing through the region in December to donate what they can to help relieve the crisis.In addition, the relief organisation is calling on all South Africans, but especially big business, to get involved in the ongoing intervention project. It particularly called on companies specialising in water management and operations, in order to source and deliver groundwater. It also needs transport companies to give time and transport to deliver water donations to the area.“We are appealing to the broader South African society to help the most vulnerable communities,” Gift of the Givers co-ordinator Farouk Jogiat said yesterday.In Gauteng, people can deliver water donations to the corner of 25 Arterial Road and 26 Kloof Road, Bedfordview. Other drop-off sites in Gauteng and around the rest of the country will be published on social media once they have been confirmed.In the meantime, financial donations and other contributions can be made through the project co-ordinators, Farouk Jogiat on 082 351 7864 and Mohammed Yehia Dicko on 084 244 7744.For information about and news on the project’s progress in the Western Cape, contact the Gift of the Givers Foundation toll free number 0800 786 777 or visit its website here.“[Donations] will make an immense difference to the quality of life of those most stricken and affected by the devastating drought,” Jogiat concluded.Source: EWN, Gift of the Givers websiteWould you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

No Newlands for Indian cricket tour

first_img31 October 2013 India occupies third place in the ICC test rankings and is top of the one-day international rankings. South Africa is number one in the test rankings and fifth in the ODI rankings. “Newlands is the premier test ground in South Africa, traditionally bringing in the most spectators and the highest income for tests for Cricket South Africa,” Odendaal said. “So we are mystified by the decision. There has been no explanation given to us so far, but we are encouraged by the president’s statement that CSA is ‘working on plans’ to fill the gaps in our international itinerary for this season.” The tour schedule was heavily affected after an unseemly spat between the Board of Control for Cricket in India (BCCI) and Cricket South Africa (CSA), as a result of the BCCI’s dislike for CSA CEO Haroon Lorgat because of some decisions he made while head of the International Cricket Council (ICC). Australian tests The biggest loser in the saga is Cape Town’s Sahara Park Newlands, a ground rated among the most scenic in the world, which had been due to host a test, a one-day international and a T20 international, but was instead left with no games. Lorgat has stood down for the duration of the Indian tour; on Tuesday, he said it was his own decision to step aside. However, the incident has left many South African cricket supporters with a bad taste in the mouth. “From being scheduled to host Sachin Tendulkar’s 200th test to nothing, this is a big shock to us and it will impact seriously on our business,” Western Province Cricket Association (WPCA) president Beresford Williams said on the organisation’s website. Biggest loser Tour itinerarycenter_img “Worse still, the most loyal cricket spectators in South Africa are going to be losing out.” Cricket South Africa president Chris Nenzani tried to put a positive spin on matters, saying in a statement: “After the completion of our two test matches against India we will have a further three Tests against Australia. This will allow all of our five premier test match venues to host a five-day match. “I would also like to assure all our stakeholders that we are working on plans to fill the gaps in our international itinerary for the 2013-14 season,” Nenzani said. For the Proteas, it will mean missing out on a ground that has been a fortress for them since their last loss there in 2006 to Australia. Since then, in 11 tests, South Africa has won eight and drawn three matches. ‘The most spectators’ A revised fixture list for India’s tour of South Africa was released on Wednesday, with just six matches, to be played in December, replacing the original schedule of 15 matches, which were to have been played from 18 November through 19 January. WPCA CEO Andre Odendaal said the association “stands to lose several million rand in income from the changed tour plans, with advertising income, beverage sales, hospitality and vending all affected. 5 Dec: 1st ODI, Wanderers Stadium, Johannesburg (Day/Night)8 Dec: 2nd ODI, Kingsmead, Durban (Day)11 Dec: 3rd ODI, SuperSport Park, Centurion (Day/Night)14-15 Dec: India vs SA Invitation XI, Willowmoore Park, Benoni18-22 Dec: 1st test match, Wanderers Stadium, Johannesburg26-30 Dec: 2nd test match, Kingsmead, Durbanlast_img read more