Archives For: Featured Resources
CFPB: Landlords and Agencies to Report Rental Information Accurately
The Consumer Financial Protection Bureau (CFPB) released an enforcement compliance bulletin reminding landlords, consumer reporting agencies and others of their critical obligations to accurately report rental and eviction information.
1 Jul 2021
Fannie Mae: Lender Letter LL-2021-07: COVID-19 Payment Deferral
Fannie Mae adjusted the terms for a Flex Modification with reduced eligibility criteria for COVID-19 impacted borrowers to provide an opportunity to reduce their interest rate, regardless of the mortgage loan’s mark-to-market loan-to-value ratio.
30 Jun 2021
Fannie Mae: Lender Letter LL-2021-02: Impact of COVID-19 on Servicing
Fannie Mae updated provisions regarding the suspension of foreclosure-related activities and filing motions for relief from the automatic stay in certain bankruptcy cases.
30 Jun 2021
FHFA: Expanded Use of Interest Rate Reduction for COVID-19 Hardship
The Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention.
30 Jun 2021
Freddie Mac: Guide Bulletin 2021-24: Servicing Updates
Freddie Mac announced the upcoming expiration of the COVID-19 foreclosure moratorium, temporary changes to Freddie Mac Flex Modification® for Borrowers with a COVID-19 hardship and updates to PAID.
30 Jun 2021
Supreme Court, FHFA Back Tenant and Homeowner Protections
DS News reported that the U.S. Supreme Court has denied a request to invalidate the Centers for Disease Control and Prevention’s (CDC) moratorium on evictions.
30 Jun 2021
Short-Lived Tropical Storm Danny Fizzles After Landfall
The Orlando Sentinel issued a report offering the latest on Tropical Storm Danny, which made landfall in South Carolina and has since dissipated into unorganized remnants.
29 Jun 2021
FHFA: Protecting Borrowers After COVID-19 Moratoriums End
The FHFA announced that servicers of mortgages backed by Fannie Mae and Freddie Mac will not be permitted to make a first notice or filing for foreclosure that would be prohibited by the Consumer Financial Protection Bureau’s (CFPB) Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act, Regulation X Final Rule before it takes effect.
29 Jun 2021
CFPB: Federal Servicing Regulation Amendments Issued
The Consumer Financial Protection Bureau (CFPB) finalized amendments to federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out.
28 Jun 2021
Biden Nominates Two for Top HUD Roles
DS News published an article providing an overview of HUD leadership role nominees from President Joe Biden.
28 Jun 2021