Coronavirus News

Illinois Governor Orders Citizens to Stay at Home

As part of the state’s response to the COVID-19 crisis, Illinois Governor JB Pritzker signed an executive order on March 20, 2020, ordering all...

New Jersey Governor Orders Citizens to Stay at Home

As part of the state’s response to the COVID-19 crisis, New Jersey Governor Phil Murphy signed an executive order on March 21, 2020, ordering...

California Governor Orders Citizens to Stay at Home

As part of the state’s response to the COVID-19 crisis, California Governor Gavin Newsom signed an executive order on the evening of March 19,...

PA Department of Banking and Securities Clarifies that Banks, Credit Unions, and Non-Depository Licensees Do Not Need to Close Physical Operations

The Pennsylvania Department of Banking and Securities has issues guidance clarifying Governor Wolf’s order that “non-life-sustaining businesses” close their physical locations.  The Department stated...

Regulatory Changes and Challenges in the Midst of Coronavirus

In the space of a week, everything has changed.  Many people are restricted to their homes as we all engage in social distancing to...

FFIEC and Financial Institution Regulators Issue Guidance Regarding the COVID-19 PANDEMIC

Several federal agencies have released strategies aimed at adequately responding to the effects of COVID-19.  The Federal Financial Institutions Examination Council, which includes the...

HUD and FHFA Announce Suspension of Evictions and Foreclosures

On Wednesday March 18, 2020, the FHFA announced a directive to help homeowners impacted by the COVID-19.  To lessen the potential for those with...

NMLS List of State Agency Announcements Concerning COVID-19 PANDEMIC

Several state agencies are providing guidance regarding COVID-19.  NMLS has composed a list of announcements and plans to update the information. 

New York Department of Financial Services Issues Guidance on COVID-19

The New York Department of Financial Services (the Department) recently released guidance addressing the impact of the Novel Coronavirus (COVID-19).  The guidance includes the...

Washington and Connecticut Issue COVID-19 Related Advisories Permitting Certain Mortgage-Related Business to be Conducted From Home

Both Washington and Connecticut state agencies have issued advisories regarding the COVID-19 outbreak, permitting certain licensed mortgage business operations to further avoid the risk...

FHA Issues Mortgagee Letter 2020-5, Addressing COVID-19 Issues

As part of its response to the COVID-19 crisis, on March 27, 2020, HUD issued Mortgagee Letter 2020-5, addressing issues lenders are facing during...
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