In the latest Handbook 4000.1 Transmittal, FHA announced multiple updates that include, but are not limited to, the following highlights: Section I: Clarifying Mortgagee approval...
On August 5, 2021, the FHA issued the following waivers: (1) Partial Waiver of the Borrower Review Requirements for its COVID-19 Advance Loan Modification;...
HUD recently issued Mortgagee Letter 2021-19, in which the Department announced that it would not be extending its foreclosure moratorium that expired on July...
Connecticut recently enacted Substitute Senate Bill No. 891 to amend certain foreclosure provisions, which will become effective October 1, 2021. Among other things, the...
The CFPB recently posted its second analysis in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. The analysis focuses on...
FHA recently announced that it made available a pre-recorded webinar that further breaks down its policies described in Mortgagee Letter 2021-15 (ML 21-15), which...
The VA issued Circular 26-20-10, dated June 29, 2021, to announce temporary measures for the review of borrower qualifications for a VA-guaranteed home loan...
The CFPB recently issued a Consumer Complaint Bulletin analyzing consumer complaints regarding three categories of COVID-19 relief: 1) the suspension of federal student loan...
The CFPB recently issued a final rule, effective August 31, 2021, amending Regulation X’s mortgage servicing provisions with the intent of assisting borrowers facing...
On July 1, 2021, the FTC commissioners voted 3-2 to approve a package of omnibus resolutions that instructed the agency’s personnel to employ fact-finding...
FHA recently issued Mortgagee Letter 2021-17 (ML 2021-17), which announces updates to certain Quality Control (QC) review requirements in the Single Family Housing Policy...
The Biden Administration recently announced several initiatives aimed at stabilizing homeowners and preventing evictions following unanticipated changes to the housing market caused by the...
