Puerto Rico After Hurricane Maria: A Look at the Island’s Recovery Efforts

Posted by DIMONT on November 15, 2018 at 4:20 PM

Last year we watched as Hurricane Maria became one of the costliest hurricanes in history, totaling an estimated $90 billion in damages and leaving millions of people without power and necessities for an unprecedented amount of time. Of the areas affected by Maria, Puerto Rico endured the worst of the storm’s damage and casualties. The island has made considerable progress in recovery, but our research suggests that a long road is still ahead.

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Topics: Collateral Loss Mitigation

Auto Lenders Tips and Tricks

Posted by DIMONT on October 10, 2018 at 12:04 PM

Tips and Tricks for Auto Lenders Post-Disaster

When natural disasters hit, homes and buildings aren’t the only casualties that require intensive collateral loss mitigation. When considering that an estimated 500,000 to one million vehicles were destroyed in the late-2017 hurricane trio of Harvey, Irma, and Maria, auto lenders typically have their own mitigation chaos to deal with in the aftermath of extreme storms. There are several ways for auto lenders to ensure collateral protection when the worst happens, but we’ve narrowed it down to the three most crucial tips:

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Topics: Collateral Loss Mitigation

The benefit of HUD's Single-Family Loan Sales program

Posted by DIMONT on August 22, 2018 at 4:22 PM

The Federal Housing Administration (FHA) has helped support access to affordable housing since becoming part of the U.S. Housing and Urban Development Department (HUD) in 1965. In 2010 the FHA and HUD took protecting market liquidity a step further and implemented the Single-Family Loan Sale (SFLS) Initiative, a program that allows the FHA to accept assignment of distressed, FHA-insured loans from servicers and sell the mortgages as nonperforming loans on behalf of HUD.

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Topics: Collateral Loss Mitigation, SFLS