Coronavirus News

Federal Court Enjoins MA AG’s Enforcement of Prohibition on Collection Efforts

A Massachusetts’s federal district court recently granted a temporary restraining order (TRO), enjoining the state’s attorney general from enforcing regulation prohibiting collections efforts amidst...

VA Updates Circular on Specially Adapted Housing Protocol for COVID-19

The VA recently issued an update to Circular 26-20-9: Specially Adapted Housing Protocol for COVID-19 Veteran Engagement – Moratorium on In-Home Visits.  The VA...

CO Issues Guidance and FAQs Regarding Real Estate Brokers and Other Service Providers Under the Safer at Home Order

The Colorado Department of Regulatory Agencies recently issued guidance to real estate brokers and other service providers to clarify and synthesize industry-specific measures under...

CFPB, FHFA and HUD Launch Joint Mortgage and Housing Assistance Website

The CFPB, FHFA, and HUD launched a joint website which consolidates COVID-19 relief information for homeowners and renters. The website includes information on CARES...

NMLS Provides Extension for Fingerprinting Requirements Due to COVID-19

NMLS has extended by 60 days the requirement for completing fingerprinting. Licensees will now have 240 days to complete the requirement, instead of the...

SBA and Treasury Issue Updated FAQ’s for PPP Lenders and Borrowers, Including Safe Harbor for Loans Issued for Less than $2 Million

The Small Business Administration, in consultation with the Department of the Treasury, issued responses to frequently asked questions about the Paycheck Protection Program on...

FHFA Announces Payment Deferral Program for Borrowers in COVID-Related Forbearance

In response to growing concern regarding repayment of loans in forbearance, the FHFA announced on May 13, 2020, that Fannie Mae and Freddie Mac...

NCUA Issues Rule on Paycheck Protection Program Loans

The NCUA published an interim final rule that defines Paycheck Protection Program (PPP) loans as low-risk assets, creates exceptions for certain PPP loans under...

Fannie Mae Temporarily Suspends Employment Validation Through DU

Fannie Mae recently announced that it is temporarily suspending employment validation through the Desktop Underwriter (DU) validation service due to the challenges caused by...

DC Issues FAQs Regarding Residential Mortgage and Commercial Mortgage Deferment Program

The District of Columbia Department of Insurance, Securities and Banking recently issued FAQs on the implementation of the COVID-19 Response Supplemental Emergency Amendment Act...

CFPB Issues Regulation Z Interpretive Rule and ECOA Waiting Period FAQ

The CFPB recently published an interpretive rule concerning “bona fide personal financial emergencies” and changed circumstances under TRID, in the context of the COVID-19...

NCUA Issues Interim Rule Regarding Real Estate Appraisals Due to COVID-19

The National Credit Union Administration (NCUA) recently issued an interim final rule in response to COVID-19 with an effective date of April 21, 2020....
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