Archives For: CARES Act
VA: Circular 26-20-40: Extended 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.
28 Dec 2020
VA: Circular 26-20-25: Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying that periods of forbearance under the CARES Act cannot count toward loan seasoning requirements for both Interest Rate Reduction Refinancing Loans (IRRRLs) and cash-out refinancing loans made to refinance a VA-guaranteed loan.
15 Sep 2020
VA: Circular 26-20-33: Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases
The VA issued a circular composed to clarify whether, due to the impact of Coronavirus Disease 2019 (COVID-19), servicers may offer deferment as a COVID-19 loss mitigation option.
14 Sep 2020
VA: Circular 26-20-12: Extended Relief Under the CARES Act for those Affected by COVID-19
The VA issued a release with the purpose of clarifying the loan modification option, VA Purchase option, and removing a reference to a lump sum payment in regard to extended relief under the CARES Act for those affected by COVID-19.
9 Sep 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
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
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
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
VA: Circular 26-20-29: Extended Eviction Moratorium for Borrowers Affected by COVID-19
The U.S. Department of Veterans Affairs (VA) issued a release announcing the extension of an eviction moratorium connected to the presidentially-declared COVID-19 national emergency.
24 Aug 2020
VA: Circular 26-20-30: Extended Foreclosure Moratorium for Borrowers Affected by COVID-19
The U.S. Department of Veterans Affairs (VA) issued a release announcing the extension of a foreclosure moratorium connected to the presidentially-declared COVID-19 national emergency.
24 Aug 2020