The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Real Estate

Judge again extends FEMA evictions of Hurricane Maria victims

Evictions now pending formal hearing

Saturday, a federal court ordered a temporary halt to the evictions of nearly 2,000 victims of Hurricane Maria, and now the court is again extending the halt on the evictions.

The lawsuit was filed with the U.S. District Court of Massachusetts by Disaster Housing Recovery Coalition members, LatinoJustice PRLDEF and Faith in Action against the Federal Emergency Management Agency, and seeks to decrease the risk of natural disaster victims facing homelessness.

Originally, FEMA was set to evict the Hurricane Maria victims on June 30, 2018, but a judge temporarily extended the program until midnight on July 3, 2018.

The judge determined Saturday that the storm's victims within the TSA program are entitled to reasonable notice of the termination of the temporary housing assistance, assistance as long as they remain eligible and assistance in transitioning to other housing. The judge’s ruling also pointed out that in previous, equivalent disasters, FEMA extended the temporary housing assistance much longer than in the present disaster.

After a meeting Tuesday, Judge Timothy Hillman issued an order backing the extension of the temporary restraining order to July 23, 2018 pending a formal hearing.

The lawsuit alleges that FEMA was planning to prematurely abort its assistance to thousands of Puerto Ricans displaced by Hurricane Maria when it discontinued its Transitional Shelter Assistance program.

“We appreciate the court’s approach, which recognizes the critical housing situation faced by these vulnerable families and provides an opportunity for the court to obtain the facts justifying their claim,” said Craig de Recat, Manatt, Phelps & Phillips partner. “We are confident that after the court sees the evidence, it will become clear how FEMA has failed in its legal responsibilities to these families, our fellow citizens.”

Most Popular Articles

Will Omicron variant stop first Fed rate hike?

What does news about the spread of the new Omicron variant mean for mortgage rates? Lead Analyst Logan Mohtashami lays out what to watch.

Nov 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please