Archives For: COVID-19
FHFA: 2021 Duty To Serve Underserved Market Plan
The Federal Housing Finance Agency (FHFA) published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve program. The plans became effective on January 1, 2021.
5 Jan 2021
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
FHFA: COVID-19 Multifamily Forbearance Extension
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021. The programs were set to expire December 31, 2020.
23 Dec 2020
USDA: Foreclosure and Eviction Moratorium Extension
The U.S. Department of Agriculture (USDA) announced that its foreclosure and eviction moratorium has been extended until February 28, 2021.
21 Dec 2020
FHA: Foreclosure and Eviction Moratorium Extension
The Federal Housing Administration (FHA) announced that it is extending its foreclosure and eviction moratorium for single family FHA-insured mortgages for an additional two months, through February 28, 2021.
21 Dec 2020
FHA INFO #20-95: FHA Extends the Expiration Dates for Multiple COVID-19 Related Policies
The Federal Housing Administration (FHA) announced extensions to several temporary provisions previously
instituted through Mortgagee Letters and policy waivers to help mitigate the impacts of the COVID-19 pandemic on borrowers with FHA-insured mortgages and mortgagees.
21 Dec 2020
Foreclosures May Be Subject to ‘Drastic Changes’ Next Year
The latest episode of DS5’s Inside the Industry featured Safeguard Properties Director of Client Account Management Elizabeth Squires, who discussed the impact of COVID-19 on property preservation and foreclosure volumes.
11 Dec 2020
FHFA: Statement of Director Mark Calabria
The Federal Housing Finance Agency (FHFA) issued the statement of Director Mark A. Calabria at the Financial Stability Oversight Council Principals Meeting.
3 Dec 2020
HUD: FHA INFO #20-88: Extension of Temporary Guidance on the Endorsement of Mortgages Under Forbearance
HUD extended the period for mortgage forbearance provisions provided under the CARES Act. The extension allows mortgages to be endorsed for insurance when a borrower, after closing, has requested a forbearance due to the COVID-19 National Emergency.
27 Nov 2020
Sliding Scale
The latest Five Star Institute Property Preservation Executive Forum newsletter featured an article authored by Safeguard Properties COO Michael Greenbaum. In it, Greenbaum discusses how mortgage field services companies can prepare for and adapt to industry fluctuations through continued education and healthy relationships with mortgage servicers.
30 Oct 2020