Archives For: Featured Resources
White House Says CDC Will Halt Evictions Using Quarantine Rules
Bloomberg published an article discussing a Centers for Disease Control and Prevention (CDC) announcement to temporarily suspend evictions of certain consumers to prevent the spread of COVID-19.
1 Sep 2020
NYDFS: Fees Paid to Register Mortgages in Default Guidance
The New York State Department of Financial Services (NYDFS) issued guidance to state-regulated mortgage lenders and servicers pertaining to fees paid to register mortgages in default. The guidance outlines a compliance requirement for mortgagees under the supervision of the NYDFS to remove and reverse any and all registration fees charged to the mortgagor’s account for properties registered in the State of New York.
1 Sep 2020
Limiting Mortgage Servicing Risk in Turbulent Times
DS News published an article highlighting how mortgage lenders and servicers are working to assess creditworthiness and anticipate potential risk among aspiring homebuyers.
31 Aug 2020
Microbursts, Tornadoes Damage Connecticut Homes
CTpost published a report detailing severe weather activity that damaged homes in portions of New Haven County, Connecticut.
28 Aug 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