Disaster Aid

News & Analysis as of

Fannie Mae Announces Miscellaneous Servicing Policy Changes

On December 4, Fannie Mae issued Servicing Guide Announcement SVC-2013-24, which: (i) updates the modification terms for the “Cap and Extend Modification for Disaster Relief” to require servicers to set the interest rate to a...more

HUD Announces Additional $5 Billion in Recovery Funds for Communities Affected by Hurricane Sandy

This week, the U.S. Department of Housing and Urban Development (HUD) announced that it has allocated $5 billion in additional funding to assist targeted communities affected by Hurricane Sandy. This is the second round of...more

Emergency Powers And Emergency Bylaws Bill Enacted

Now Corporations Can Be Like the Boy Scouts - Thanks to the efforts of the Corporations Committee of the Business Law Section of the California State Bar, the legislature last week enacted and the Governor has signed...more

Minnesota Special Session

On Monday, September 9, the Minnesota Legislature convened for a one day special session. The previously agreed to agenda included disaster relief money to match federal disaster aid for the June 2013 severe storms and...more

SEC Issues a Risk Alert on Investment Advisers’ Business Continuity and Disaster Recovery Planning

On August 27, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert regarding business continuity and disaster recovery planning for investment advisers....more

SEC, CFTC and FINRA Issue Joint Advisory on Business Continuity and Disaster Recovery Planning

On August 16, 2013, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations, the Financial Industry Regulatory Authority and the Commodity Futures Trading Commission’s Division of Swap...more

Post-Sandy Reconstruction: What Contractors Need to Know When Bidding for and Performing Work

As businesses in New York and New Jersey gear up for Superstorm Sandy reconstruction work, they should be keenly aware of the federal wage mandates known as the Davis-Bacon and Related Acts and state wage mandates known as...more

Corporate and Financial Weekly Digest - August 23, 2013

In this issue: - SEC, CFTC and FINRA Issue Joint Advisory on Business Continuity and Disaster Recovery Planning - FINRA Updates Private Placement Form and Issues FAQ - SEC Approves Amendments to FINRA...more

Government Relations Alert: Legislative Leaders Agree To Special Session For Disaster Relief Only

September 9 Session Will NOT Revisit B2B Taxes - Governor Dayton and all four legislative leaders met this morning and agreed to hold a Special Session on Monday, September 9, at 10 a.m. to provide disaster relief to...more

Freddie Mac Updates Disaster Assistance, Other Servicing Policies

On August 15, Freddie Mac issued Bulletin 2013-15, which updates and revises many of its servicing requirements, including those related to assistance for borrowers impacted by an eligible disaster. ...more

Special Legislative Session on the Horizon

Minnesota’s Governor Mark Dayton (DFL) has proposed a fall Special Session, suggesting September 9, 2013 as the date. The Governor initially wanted to deal only with disaster relief. However, House Speaker Paul Thissen...more

Capital Thinking Update - January 28, 2013

In This Issue: - General Legislative - Agriculture & Food - Budget, Appropriations - Cybersecurity - Education - Energy - Environment - Financial Services -...more

Capital Thinking Update - January 21, 2013

In This Issue: - General Legislative - Agriculture & Food - Budget, Appropriations - Cybersecurity - Education - Energy - Environment - Financial Services -...more

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