FHA Updates Policies for In-Person Servicer/Borrower Contacts

first_imgSign up for DS News Daily 2021-02-03 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 1 day ago Home / Daily Dose / FHA Updates Policies for In-Person Servicer/Borrower Contacts Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Honoring Excellence Among Female Legal Minds Next: FHFA Announces New General Counsel Demand Propels Home Prices Upward 1 day ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. The Federal Housing Administration (FHA) Wednesday issued a series of “waivers of provisions” as part of its “Single-Family Housing Policy Handbook 4000.1,” which will allow important mortgage servicing activities to continue “in a manner that allows for safe social distancing,” according to a press release.FHA explains that in-person servicer-borrower contact (that includes seniors with FHA-insured HECM reverse mortgages) generally is required in order for certain processes to continue.”President Biden has made it clear that protecting the health, safety, and homeownership security of the nation’s most vulnerable populations, including seniors, are urgent and immediate priorities,” said Acting HUD Secretary Matthew Ammon. “The policy waivers issued today are another important step in addressing these priorities.”According to HUD, the waivers issued today build upon previous waivers and put in place the following provisions through December 31, 2021:Allowing alternative methods for servicers to conduct borrower interviews for FHA-insured forward and HECM mortgages when performing early default interventions for borrowers in danger of foreclosure;Waiving the $5,000 property charge payment arrearages cap on recalculated repayment plans, allowing servicers to help more HECM borrowers who are behind on their property charge payments; andEliminating the requirement for servicers to obtain a signature on an occupancy certification from a HECM borrower.”The waivers issued today augment FHA’s actions last week to execute on President Biden’s day-one request to provide urgent and immediate support to the nation’s homeowners struggling to make their mortgage payments due to COVID-19,” FHA reported. “To execute the President’s request, FHA extended its foreclosure and eviction moratorium for borrowers with FHA-insured single-family mortgages through March 31, 2021. FHA also extended the deadline for borrowers financially impacted by COVID-19 to request a new forbearance from their mortgage servicer through March 31, 2021.”FHA encourages borrowers with FHA-insured mortgages who can make their mortgage payments to continue to do so. Borrowers with FHA-insured mortgages seeking additional information on available options 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. About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago FHA Updates Policies for In-Person Servicer/Borrower Contacts February 3, 2021 1,753 Views last_img read more

Northport Man Fatally Hit by Car

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 70-year-old Northport man was fatally hit by a car in Long Beach on Halloween.Nassau County police said Jan Kalas was crossing Austin Boulevard at the corner of Marina Path when he was struck by a southbound Honda Civic at 8:30 a.m. Monday.The victim was pronounced dead at the scene. The driver was neither injured nor charged.Homicide Squad detectives inspected the vehicle and are continuing the investigation.last_img

Andrey Arshavin makes bold prediction over futures of two Arsenal stars

first_imgAdvertisement Comment Andrey Arshavin makes bold prediction over futures of two Arsenal stars Metro Sport ReporterTuesday 31 Mar 2020 2:30 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.1kShares Pepe has blown hot and cold for Arsenal in his debut season (Picture: Getty Images)In stark contrast, Martinelli set the Gunners back just £6m, but has been a revelation since his move from Brazilian side FC Ituano at the start of this campaign.The 18-year-old has already been described by Liverpool manager Jurgen Klopp as a ‘generational talent,’ scoring 10 goals in just 26 appearances across all competitions.Ex-Russia international Arshavin added: ‘He has done well so far, scoring some good goals. He is very technically gifted and I see a big future for him at Arsenal. ‘But can he reach the level of Thierry [Henry] or Robin [van Persie]? That is difficult to say.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalArshavin admitted the main factor holding his old side back is a lack of balance, but backed boss Mikel Arteta to succeed in the long term.He said: ‘For me Arsenal’s squad is not balanced. Offensively-wise they are very good and in attack they play very pretty football. It’s good to watch. But defensively – even in my period – Arsenal is weak.‘Regarding Arteta, it was a good choice because he has spent time at Arsenal and knows the club well. He worked next to Arsene and can take good experience from him. ‘He also has the respect of the club and players. And since he has taken over at Arsenal they have changed: not too much but in a good way.’Read the full 888Sport interview with Andrey Arshavin here.MORE: Rio Ferdinand urges Arsenal to avoid signing Luka JovicMORE: Arsenal boss Mikel Arteta identifies defensive midfielder transfer as priority in summer windowFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Advertisement Pepe and Martinelli have had promising starts to their Arsenal careers (Picture: Getty Images)Former Arsenal winger Andrey Arshavin has predicted Nicolas Pepe and Gabriel Martinelli will become important players for the Gunners.Club record-signing Pepe joined from Lille in a £72million deal last summer, and has shown flashes of brilliance in his debut season.The Ivory Coast international has chipped in with six goals and eight assists in all competitions, proving to be a menace down the right wing.Speaking exclusively to 888Sport, Arshavin said: ‘Pepe is a very talented player. He is very quick and a good finisher. ADVERTISEMENT‘Already he has done well in part: maybe not as much as he could but I see the potential and he will become one of the biggest stars in the Premier League. He will be huge.’AdvertisementAdvertisementRead the latest updates: Coronavirus news livelast_img read more