Archives For: foreclosure
USDA: New COVID-19 Special Relief Measures and Servicing Guidance
The U.S. Department of Agriculture (USDA) provided advance notice of technical Handbook 1-3555 updates. Included are new COVID-19 Special Relief Alternatives and clarification on existing policies.
23 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
ATTOM: East Coast States Most at Risk for Housing Impacts
ATTOM Data issued its second quarter 2021 Coronavirus Report. According to its findings, East Coast states are more vulnerable to the COVID-19 pandemic’s economic impact.
22 Jul 2021
Fannie Mae: Excess Fee for Resuming Pending Foreclosure Actions
Fannie Mae authorized a one-time excess legal fee for additional legal work required to resume pending foreclosures in certain jurisdictions when it is necessary to do so upon the lifting of applicable federal and state moratoria.
7 Jul 2021
Fannie Mae: New Resources Added to Servicer Toolkit
Fannie Mae announced enhancements to its servicer toolkit. Included are resources to help support borrowers once the foreclosure moratorium ends.
7 Jul 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
USDA: Foreclosure and Eviction Moratorium Extended
The U.S. Department of Agriculture (USDA) announced that its foreclosure and eviction moratorium has been extended through July 31, 2021.
25 Jun 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
Waters Seeks Extension of Federal Foreclosure Moratoria
DS News has reported that Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, has sent a letter to HUD, USDA, VA, CFPB, and FHFA requesting that these agencies extend their moratoria on foreclosures at least until the CFPB is able to finalize and implement its pandemic recovery mortgage servicing rule.
22 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