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CFPB Issues Interim Final Rule to Support CDC Moratorium on Evictions
FEMA Announces Changes to National Flood Insurance Program Pricing
Proposed Rule Would Establish Mandatory Terms for Tax Allocation Agreements
Other Developments: Paycheck Protection Program and Qualified Mortgages
1. CFPB Takes Steps to Avoid a Possible Wave of Home Mortgage Loan Foreclosures
The CFPB has issued guidance to mortgage servicers, including banks that service mortgage loans for third-party noteholders, that the CFPB expects servicers to dedicate sufficient resources and staff to reduce avoidable foreclosures in coming months. According to the guidance issued on April 1, Compliance Bulletin 2021-02, the CFPB believes consumer home mortgage borrowers needing loss mitigation assistance as the COVID-19 foreclosure moratoriums and forbearances end will face heightened risks of foreclosure. The CFPB’s guidance urges mortgage servicers to dedicate resources and staff to ensure that they can
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Flood Insurance Provider Reports on the Remapping of 52 US Counties, Including Two in Florida
April 16, 2021 GMT
FORT WALTON BEACH, FL / ACCESSWIRE / April 16, 2021 / Harris Insurance, a company located in Fort Walton Beach Florida, wants homeowners and other property owners to know that there is an ongoing flood zone remapping of 52 counties in the United .
FORT WALTON BEACH, FL / ACCESSWIRE / April 16, 2021 / Harris Insurance, a company located in Fort Walton Beach Florida, wants homeowners and other property owners to know that there is an ongoing flood zone remapping of 52 counties in the United .
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FORT WALTON BEACH, FL / ACCESSWIRE / April 16, 2021 / Harris Insurance, a company located in Fort Walton Beach Florida, wants homeowners and other property owners to know that there is an ongoing flood zone remapping of 52 counties in the United States, which includes Gulf County and Okaloosa County in Florida. The remapping project is being conducted by the Federal Emergency Management Agency (FEMA) to ensure that the effects of changes in the landscapes are reflected in the flood risk designations. With changes in designations of certain areas, either as lower-risk zones or higher-risk zones, the remapping is expected to have a significant impact on flood insurance in Florida.
The Federal Emergency Management Agency (FEMA) has proposed updates to the Flood Insurance Rate Map (FIRM) for DeKalb County, so the next 90 days are specified for submitting any comments or appeals and to learn about local flood risks and future flood insurance implications.
The preliminary maps may be viewed online at Alabama’s Flood Map Website, https://alabamaflood.com/map, and on the FEMA Flood Map Changes Viewer, http://msc.fema.gov/fmcv.
DeKalb Countyâs preliminary flood insurance rate map was released in September 2020. On Oct. 27, 2020, a preliminary FIRM Community Coordination meeting was held to review the map and discuss updates to local floodplain management ordinance and flood insurance. The new Flood Insurance Rate Map is expected to become effective and flood insurance requirements take effect in Summer 2022.