Archives For: Industry Alert
FHFA: Foreclosure Prevention Report – Fourth Quarter 2019
The Federal Housing Finance Agency (FHFA) published its fourth quarter 2019 Foreclosure Prevention, Refinance and FPM Report.
24 Mar 2020
OCC: Coronavirus COVID-19 Information Page Released
The Office of the Comptroller of the Currency (OCC) announced the availability of a web page containing actions and guidance relating to the Coronavirus COVID-19 outbreak. Included is the office’s latest bulletin (2020-15), which encourages banks to take steps to meet the financial services needs of customers adversely affected by virus-related issues.
16 Mar 2020
Miami-Dade County to Suspend Eviction Notices
The Miami-Dade County (FL) Police Department has announced the temporary suspension of all eviction activities due to the Coronavirus COVID-19 emergency.
12 Mar 2020
OCC: Interagency Statement Regarding Financial Institutions Affected by Tornadoes in Tennessee
The Office of the Comptroller of the Currency (OCC) issued a joint statement from several federal and state financial regulatory agencies encouraging institutions operating in areas of Tennessee recently impacted by tornadoes to meet the financial needs of their communities.
12 Mar 2020
VA: VALERI Servicer Newsflash
The U.S. Department of Veterans Affairs (VA) issued a release containing several updates relevant to servicers. Included is Circular 26-20-05, which outlines measures mortgagees may employ to assist borrowers affected by recent tornado activity in Tennessee.
12 Mar 2020
San Jose Moves Forward with Moratorium on Evictions
The Mercury News published an article outlining a decision by San Jose, Calif., officials to begin a temporary moratorium on the evictions of tenants facing significant financial burdens due to the Coronavirus COVID-19 global pandemic.
10 Mar 2020
OCC: Pandemic Planning: Updated FFIEC Guidance
The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services.
6 Mar 2020
CFPB: Key Steps Taken to Prevent Consumer Harm; Whistleblower Award Program Proposed, Other Measures
The Consumer Financial Protection Bureau (CFPB) announced three steps to advance its strategy on one of its key priorities: preventing consumer harm.
6 Mar 2020
OCC: Protecting Tenants at Foreclosure Act: Revised Comptroller’s Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued a revised version of its Protecting Tenants at Foreclosure Act booklet (part of the Comptroller’s Handbook). This booklet provides information and procedures for examiners in connection with the foreclosure activities and related consumer protections covered under the Protecting Tenants at Foreclosure Act of 2009.
2 Mar 2020
Michigan Governor Approves Delinquent Property Tax Payment Law
Michigan Governor Gretchen Whitmer signed HB 5124. The bill will work to reduce the redemption amount for delinquent property taxes under certain circumstances in an effort to lower the amount of related foreclosures.
2 Mar 2020