Archives For: CARES Act
VA Extends Suspension of Certain Property Inspection Requirements for Covid-19 Forbearance Cases
VA has extended the temporary suspension of certain property inspections for borrowers who have requested a CARES Act forbearance through Oct. 1, 2022.
25 Jan 2022
VA: Circular 26-21-14: Eviction Relief for Borrowers Affected by COVID-19
The U.S. Department of Veterans Affairs (VA) announced that through September 30, 2021, foreclosure-related evictions are not to be initiated or completed on properties previously secured by VA-guaranteed loans (including properties in the VA’s Real Estate Owned portfolio). This moratorium does not apply to vacant or abandoned properties.
30 Jul 2021
VA: Circular 26-21-13: COVID-19 Home Retention Waterfall
The U.S. Department of Veterans Affairs (VA) issued a circular providing its waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. It also announced the COVID-19 Refund Modification (loan modification specific to borrowers needing payment reductions when exiting COVID-19 forbearance).
23 Jul 2021
VA: Circular 26-21-10: Relief for Borrowers Affected by COVID-19
The U.S. Department of Veterans Affairs (VA) announced extended foreclosure and eviction relief on properties secured by VA-guaranteed loans through July 31, 2021.
25 Jun 2021
HUD: More Measures to Help Homeowners Struggling Due to COVID-19
The U.S. Department of Housing and Urban Development (HUD) extended its foreclosure and eviction moratoria for all FHA-insured single family mortgages (except vacant or abandoned properties) through July 31, 2021.
25 Jun 2021
VA: Circular 26-21-07: COVID-19 Loan Repayment Relief
The U.S. Department of Veterans Affairs (VA) updated guidance providing a summary of the home retention options and alternatives to foreclosure that servicers should utilize to help borrowers affected by the COVID-19 pandemic.
3 Jun 2021
VA: Circular 26-21-05: 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.
16 Feb 2021
Freddie Mac: FHLMC Guide Bulletin 2021-06: Temporary Servicing Guidance
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium and temporary updates to forbearance plans for borrowers with a COVID-19 hardship and to the COVID-19 Payment Deferral.
10 Feb 2021
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
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