Fannie Mae continues to revise guidance and communicate temporary policies to ensure servicers can assist borrowers impacted by COVID-19. On July 15, 2020, Fannie...
Fannie Mae recently announced the release of Lender Letter 2020-11, updates to five previously issued Lender Letters, and the publication of the July Servicing...
Freddie Mac recently issued Guide Bulletin 2020-28 (Guide Bulletin) announcing updates regarding eligible disasters and other servicing guidance related to COVID-19. Specifically, the Guide...
Fannie Mae and Freddie Mac issued updated guidance to, among other things, extend temporary relief and requirements announced in prior bulletins and lender letters....
HUD recently issued Mortgagee Letter 2020-22 (ML 20-22), implementing new loss mitigation options available to certain borrowers impacted by the COVID-19 emergency. Mortgagees may offer the...
The HUD Office of Inspector General recently issued a COVID-19 OIG Bulletin which lists recommendations for maintaining an organization’s ethical climate. The bulletin lists...
CFPB Director Kraninger recently delivered remarks during a Consumer Data Industry Association webinar addressing a record-high number of consumer complaints received by the Bureau,...
On June 22, 2020, the Federal Housing Administration (FHA) announced several policy changes to provide mortgagees greater flexibility during the COVID-19 pandemic. These policy...
WBK continues to update its chart of coronavirus-related communications from state mortgage regulators, for use in our state licensing practice. It is available on this...
The CFPB recently issued a set of Frequently Asked Questions relating to its earlier Policy Statement providing guidance for furnishers under the Fair Credit...
