The FHA issued two temporary partial waivers to its Home Equity Conversion Mortgage (HECM) policies on September 2, 2021, because of hardships that borrowers...
On August 26, 2021, the Supreme Court blocked the Biden administration from enforcing the latest CDC moratorium on evictions imposed because of the COVID-19...
In LL-2021-03, Fannie Mae updated its policies previously published in LL-2020-03. Effective immediately, Fannie is retiring the age of documentation and market-based asset policies...
The CFPB recently published a report on mortgage servicer data reflecting COVID-19 pandemic related challenges for both borrowers and servicers. The data in the...
In the latest Handbook 4000.1 Transmittal, FHA announced multiple updates that include, but are not limited to, the following highlights: Section I: Clarifying Mortgagee approval...
On August 5, 2021, the FHA issued the following waivers: (1) Partial Waiver of the Borrower Review Requirements for its COVID-19 Advance Loan Modification;...
HUD recently issued Mortgagee Letter 2021-19, in which the Department announced that it would not be extending its foreclosure moratorium that expired on July...
Connecticut recently enacted Substitute Senate Bill No. 891 to amend certain foreclosure provisions, which will become effective October 1, 2021. Among other things, the...
The CFPB recently posted its second analysis in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. The analysis focuses on...
FHA recently announced that it made available a pre-recorded webinar that further breaks down its policies described in Mortgagee Letter 2021-15 (ML 21-15), which...
The VA issued Circular 26-20-10, dated June 29, 2021, to announce temporary measures for the review of borrower qualifications for a VA-guaranteed home loan...
The CFPB recently issued a Consumer Complaint Bulletin analyzing consumer complaints regarding three categories of COVID-19 relief: 1) the suspension of federal student loan...
