Coronavirus News

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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