Freddie Mac recently issued Bulletin 2020-19 to address the ongoing economic implications and uncertainty related to the COVID-19 pandemic and impacts on borrowers, sellers,...
Fannie Mae recently updated Lender Letter 2020-03 to address COVID-19’s impact on loan originations by adding new temporary eligibility requirements for borrowers and requirements...
The FDIC recently announced the issuance of guiding principles set forth by federal financial regulators to financial institutions offering small-dollar loans to meet customers’...
The Department of Veteran Affairs (VA) just published a VALERI Servicer Newsflash publishing a new Circular allowing COVID-19 as a reason for default, and...
On May 19, 2020, the VA issued Circular 20-26-19 providing additional guidance for lenders regarding processing loans during the COVID-19 pandemic. The Circular states...
On May 22, 2020, the SBA issued its eleventh interim final rule implementing the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and...
HUD recently issued Mortgage Letter 2020-14, extending the effective date of Mortgagee Letter 2020-5, which addresses changes to the requirements for re-verification of employment...
Fannie Mae and Freddie Mac recently reissued Lender Letter 2020-06 and Bulletin 2020-17. Among other things, the guidance extends the eligible note dates to...
HUD recently issued Mortgage Letter 2020-14, extending the effective date of Mortgagee Letter 2020-5, which addresses changes to the requirements for re-verification of employment...
The VA recently published updates to Circular 26-20-13, which allowed for the expanded use of exterior inspections during the VA appraisal process. In addition...
Earlier this month, Fannie Mae and Freddie Mac (the GSEs) unveiled plans to aid servicers assisting borrowers experiencing COVID-19 related hardship or coming out...
The CFPB and CSBS recently released a Consumer Relief Guide providing information to consumers dealing with financial hardships who may need assistance available under...