Coronavirus News

Federal Reserve Suspends Regular Examinations for Supervised Institutions with less than $100 Billion

As part of its response to the COVID-19 crisis, the Federal Reserve recently issued a statement suspending regular exams for supervised institutions with total consolidated assets...

CFPB Director Applauds HUD and FHFA COVID-19 Response

On March 18, 2020, HUD and FHFA announced a 60-day moratorium on all foreclosures and evictions for FHA-insured mortgages and single-family mortgages backed by...

VA Issues Circular Strongly Encouraging Foreclosure Moratorium

The Department of Veterans Affairs (VA) Circular Letter issued on March 18, 2020, Foreclosure Moratorium for Borrowers Affected by COVID19, strongly encourages mortgage servicers...

NY Department of Financial Services Adopts Emergency Regulations for COVID-19 Relief Programs

On March 24, 2020, the New York Department of Financial Services (the Department) adopted emergency regulations, which went into effect immediately.  The regulations were adopted...

NY Extends Deadline for Transition to Final Mortgage Servicing Rules

On March 13, 2020, the New York Department of Financial Services (NYDFS) adopted an emergency measure amending the Final Mortgage Servicing Rules promulgated in December 2019.  Specifically, the measure...

Oregon Authorizes Mortgage Industry Employees to Work from Home

On March 12, 2020, the Oregon Division of Financial Regulation (DFR) issued a bulletin permitting licensed mortgage lenders and employees to temporarily work from home during...

FHA Issues Mortgagee Letter 2020-6, Implementing Changes Required by the CARES Act

As part of its response to the COVID-19 crisis, and as a result of the passage of the CARES Act, on April 1, 2020,...

Colorado Adopts Temporary Regulations Regarding Remote Notarizations

As part of the state’s response to the COVID-19 crisis, the Colorado Secretary of State has issued temporary regulations regarding the requirements for the...

Florida Governor Issues Stay at Home Order

As part of the state’s response to the COVID-19 crisis, Florida Governor Ron DeSantis issued an executive order on April 1, 2020, ordering all...

FHFA Issues Guidance on Processing of Fannie Mae and Freddie Mac Loans

As part of its response to the COVID-19 crisis, on March 31, 2020, FHFA announced it is allowing certain flexibilities in processing of Fannie...

CISA Issues Updated Guidance on Critical Infrastructure Workers during COVID-19

On March 28, 2020, the Cybersecurity and Infrastructure Security Agency (CISA) issued updated guidance on the identification of essential critical infrastructure workers during the response to...

NMLS Policy Committee Issues Clarification on Upcoming Reporting Deadlines

As part of its response to the COVID-19 crisis, the NMLS Policy Committee announced on March 30, 2020, that it is updating its reporting...
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