Archives For: Investor and Regulatory Updates
HUD: FHA INFO #20-64: Guidance Regarding Presidentially-Declared Major Disaster Areas During the COVID-19 Pandemic
HUD provided clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in the U.S. and its territories when a Presidential Major Disaster Declaration is issued during the COVID-19 pandemic.
2 Sep 2020
VA: Circular 26-20-32: Special Relief Following Severe Storms in Iowa
The VA issued a release that expresses concern about VA home loan borrowers affected by severe storms in Iowa, and describes measures mortgagees may employ to provide relief.
28 Aug 2020
Fannie Mae Lender Letter LL-2020-11: Disaster Payment Deferral
Fannie Mae announced that LL-2020-11 has been revised to clarify the intent of certain requirements in response to servicer inquiries. Additionally, an update has been made on the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in certain circumstances in connection with a disaster event.
27 Aug 2020
Fannie Mae: Suspension of Foreclosures and Evictions on Single-Family Mortgages Through Year-End
Fannie Mae announced an extension of a temporary moratorium on foreclosures and evictions until December 31, 2020.
27 Aug 2020
Freddie Mac: Single-Family Foreclosure Sales and Eviction Moratorium Extension
Freddie Mac extended its nationwide suspension of single-family foreclosures and evictions on mortgages and real estate owned or guaranteed by the company through December 31, 2020.
27 Aug 2020
FHFA: Foreclosure and REO Eviction Moratorium Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020.
27 Aug 2020
HUD: Mortgagee Letter 2020-27: Extension of Foreclosure and Eviction Moratorium
The U.S Department of Housing and Urban Development (HUD) announced an extension to a foreclosure and eviction moratorium for borrowers with FHA-insured single-family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through December 31, 2020.
27 Aug 2020
VA: Circular 26-20-31: Special Relief Following California Wildfires
The VA issued a release that expresses concern about VA home loan borrowers affected by wildfires in California, and describes measures mortgagees may employ to provide relief.
27 Aug 2020
Fannie Mae: Reminder of Assistance Options for Borrowers Affected by Hurricane Laura and California Wildfires
Fannie Mae issued a release reminding those impacted by Hurricane Laura and the California Wildfires of available mortgage assistance and disaster relief options.
26 Aug 2020
Freddie Mac Confirms Disaster Relief Policies As Hurricane Laura Approaches
Freddie Mac issued a release reminding mortgage servicers of its disaster relief policies for homeowners as Hurricane Laura makes landfall and amid wildfires threatening parts of California.
26 Aug 2020