On April 15, 2020, the CFPB and FHFA announced their “Borrower Protection Program” initiative. The initiative is an agreement between the two agencies to...
In a Nutshell On April 10, 2020, Ginnie Mae issued All Participants Memorandum (APM) 20-03, implementing its new PTAP/C19 program for the COVID-19 national...
U.S. Small Business Administration Paycheck Protection Program (PPP) Note: The following description is valid through April 16, 2020. We will update this description as...
Mortgagee Letter 2020-08 announces FHA’s expedited completion, in light of operational difficulties that FHA mortgage servicers are facing due to COVID-19, of the FHA...
On April 3, 2020, the Massachusetts Attorney General’s Office (AGO) issued guidance in response to frequently asked questions concerning 940 CMR 35:00 titled “Unfair...
The FDIC, FRB, and OCC have issued supplemental instructions for completing required call reports and risk-based capital reporting, along with reminders to depository institutions...
On April 14, 2020, FHA released Mortgagee Letter 2020-12 (ML 2020-12) and FHA INFO 20-27, announcing alternative documentation options and delayed documentation delivery deadlines...
On April 14, 2020, as part of its response to the COVID-19 Crisis, Freddie Mac issued Bulletin 2020-11, addressing temporary changes to its requirements...
The New York Department of Financial Services issued an Industry Letter on April 13, 2020, requesting that regulated entities assess cybersecurity risks as described...
On April 10, 2020, the Maryland Secretary of State issued guidance concerning the governor’s order of March 30, 2020, which temporarily suspended the in-person requirement for...
On April 10, 2020, the Secretary of the Pennsylvania Department of State provided revised guidance with respect to the permissibility of appraisal, notary, title, and home...
