MReport July 2018

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TH E M R EP O RT | 45 SERVICING THE LATEST O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T Delivering Relief Wells Fargo and other banks announced plans to help Kilaueu volcano victims. I n May, the eruption of volcano Kilauea destroyed 50 Hawaiian homes, now several banks, including Wells Fargo and Bank of Ha - waii, have announced mortgage relief for homeowners impacted by the disaster. As reported by Bankrate, Wells Fargo has announced that customers affected by the volcanic event can contact the bank to secure a 90-day postponement in mortgage payments. Paul Gomez, VP of Corporate Communications at Wells Fargo, said, "During this time, all negative credit bureau reporting, late fees, collection calls, and foreclosure referrals and sales are also suspended." Bank of Hawaii is also offering protections for affected mortgage holders and those currently facing foreclosure. Stafford Kiguchi, a Bank of Hawaii media represen - tative, said, "We are definitely suspending foreclosures and evic- tions during this time of hardship. The initial period of time is for the length of the emergency loan program, which is six months for forbearance." Kiguchi added the bank would also work with borrowers to extend foreclosure suspensions beyond that period where prudent. "If the hardship turns out to be more than a tem - porary situation, we have other, long-term relief programs, such as our loan modification program, which permanently lowers a borrower's monthly payment," Kiguchi continued. Kilauea has been erupting since 1983 and has caused prop - erty damage before, including the 1990 destruction of the town of Kalapana. On May 11, President Trump approved a disaster decla - ration for the region and ordered the disbursement of federal disaster aid. Hawaii Gov. David Ige said in a statement, "I'm grateful for the quick approval of my request for a Presidential Disaster Declaration. This opens the door to federal assistance and demonstrates a solid partnership with the federal government as we work to keep Hawai'i residents safe and support recovery efforts on Hawaii Island." According to the National Oceanic and Atmospheric Administration's National Centers for Environmental Information, natural disasters caused $306 billion in total damage across America in 2017. LOCAL EDITION RoundPoint Creating 1,000+ New Jobs in Q3 2019 SOUTH CAROLINA // RoundPoint Mortgage Servicing Corporation, a fully licensed agency and non-agency subservicer of residential mortgages, has announced that it is relocating its headquarters to York County, South Carolina. The company's $34 million investment is projected to create 1,100 new jobs. Located at 2280 Deerfield Drive in Fort Mill, South Carolina, RoundPoint's new headquarters is expected to be operational by Q 3 of 2019, with hirings beginning around the same period. The Coordinating Council for Economic Development approved job development credits for this project, as well as a $500,000 Set Aside grant to York County to assist with the costs of site preparation and building construction. "When a company chooses to invest in our state and create jobs for our people, it shows that Team South Carolina's efforts to create opportunities for our people are paying off," South Carolina Gov. Henry McMaster said. "I congratulate RoundPoint Mortgage Servicing Corporation on its decision to build its corporate headquarters here, and I'm honored to welcome them to the South Carolina business community." Founded in 2007, RoundPoint is a fully licensed agency and non-agency subservicer for commercial banks, credit unions, mortgage companies, and hedge funds. The company currently services more than $75 billion of mortgage assets, which are comprised of its own assets and loans subserviced for many other types of investors worldwide. Licensed in all 50 states, RoundPoint is publicly rated by Fitch Ratings, Standard & Poor's and Kroll Bond Rating Agency. "We are very appreciative of the opportunity to move our headquarters to South Carolina and are especially grateful to Governor Henry McMaster, Secretary Robert M. Hitt III and the South Carolina Department of Commerce for working so closely with us to make this move possible," Kevin Brungardt, CEO of RoundPoint Mortgage Servicing Corporation said. "Establishing our new headquarters here is an important part of our vision and growth plan as we add new employees to transform our business and achieve our aggressive business goals. It's an exciting time for our organization, and I want to express my personal thanks to our employees who are the lifeblood of our company and the chief reason for our continued success."

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