Archives For: Investor and Regulatory Updates
VA: Circular 26-21-02: Extended COVID-19 Foreclosure and Eviction Relief
The U.S. Department of Veterans Affairs (VA) announced extended foreclosure and eviction relief on properties secured by VA-guaranteed loans, including those previously secured by VA-guaranteed loans but currently in VA’s Real Estate Owned (REO) portfolio.
29 Jan 2021
FHFA: Foreclosure Prevention Report – October 2020
The Federal Housing Finance Agency (FHFA) issued its October 2020 Foreclosure Prevention, Refinance and FPM Report.
27 Jan 2021
HUD: FHA INFO #21-06: COVID-19 Forbearance and HECM Extension
HUD announced the extension of the deadline for single family borrowers with FHA-insured mortgages to request an initial COVID-19 forbearance from their mortgage servicer through March 31, 2021.
26 Jan 2021
HUD: Chief of Staff Announces Leadership Appointments
The U.S. Department of Housing and Urban Development (HUD) issued a statement from Chief of Staff Jenn Jones announcing several leadership appointments.
26 Jan 2021
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing updates relevant to servicers. Included is an outline for an upcoming system deployment scheduled to take place on January 28, 2021.
25 Jan 2021
FHA INFO #21-05: Foreclosure and Eviction Moratorium Policy Extension
The FHA announced a moratorium of foreclosures and evictions for single family properties with FHA-insured mortgages through March 31, 2021.
21 Jan 2021
USDA: Foreclosure and Eviction Moratorium Extended
The U.S. Department of Agriculture (USDA) announced that its foreclosure and eviction moratorium has been extended until March 31, 2021.
20 Jan 2021
Freddie Mac: FHLMC Guide Bulletin 2021-3: Moratorium Extension
Freddie Mac extended its nationwide suspension of all foreclosure actions, including foreclosure sales, through February 28, 2021.
20 Jan 2021
Fannie Mae: SVC-2021-01: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to incorporate LL-2020-13 (extends automatic reclassification triggers from four to 24 months for most delinquent MBS mortgage loans), and eliminate the requirement for reporting a delinquency status code for a disaster payment deferral if the mortgage loan is brought current. Updated policies on remote online notarizations for the purpose of servicing or modifying a mortgage loan also have been included.
20 Jan 2021
FHFA: Foreclosure and REO Eviction Moratorium Extended
The FHFA announced an extension of the moratoriums on single-family foreclosures and REO evictions until February 28, 2021.
19 Jan 2021