The VA has issued an update to Circular 26-20-10 which provides guidance to lenders regarding borrowers affected financially by the COVID-19 national emergency. The update extends the...
The CFPB recently reiterated to mortgage servicers its strong encouragement for them to participate in Homeowner Assistance Fund (HAF) programs – meant to help...
On March 15, 2022, the Federal Deposit Insurance Corporation issued Financial Institution Letter (FIL) FIL-10-2022, Rescission of Statement on Part 363 Annual Reports in...
Recently Freddie Mac published Bulletin 2022-3, stating that, effectively immediately, the temporary COVID-19 requirements for self-employment income originally published in Bulletin 2020-19 and later...
FHA published Mortgagee Letter 2022-02 and made a technical update to Handbook 4000.1. FHA has clarified that the first legal deadline and Reasonable Diligence...
The West Virginia Department of Financial Services (DFI) extended authority for employees of non-depository entities regulated by the DFI to work remotely until June...
The Office of the Comptroller of the Currency (OCC)recently released its Semiannual Risk Report (the Report) outlining the key issues facing the federal banking...
In consideration of the COVID-19 national emergency, VA issued Circular 26-20-21 which temporarily suspended certain property inspections on June 8, 2020. The requirements to...
Recently, the CFPB and DOJ jointly issued two letters reminding landlords and mortgage servicers about legal housing protections for military families under the Coronavirus...
On December 2, 2021, the FHA published a further extension of its temporary regulatory and Single Family Housing Policy Handbook 4000.1 waivers allowing mortgagees...
Due to the lingering impacts of COVID-19 and associated insuring guidelines for mortgage servicing, GNMA announced that electronic signatures (eSignature) and remote online loan...
On November 10, 2021, the CFPB, Federal Reserve, FDIC, NCUA, OCC, and state financial regulators issued a joint statement to mortgage servicers that the...
