The CFPB recently issued a statement announcing that during the COVID-19 pandemic it will provide flexibility to credit card issuers regarding the E-Sign Act’s...
Freddie Mac recently issued guidance to help servicers navigate working with borrowers impacted by COVID-19. Bulletin 2020-21 provides servicers with updated COVID-19 Payment Deferral...
The Federal Reserve recently announced that it is resuming its examination activities for all supervised institutions. Examinations will be conducted offsite until conditions improve...
Pursuant to Mortgagee Letter 2020-16, as of June 15, 2020, and through November 30, 2020, HUD is permitting mortgagees to submit forward mortgage loans...
On May 27, 2020, Fannie Mae updated Lender Letter 2020-07 (LL-2020-07), which outlines Fannie Mae’s previously-announced payment deferral plan that it jointly developed with...
Freddie Mac recently issued Bulletin 2020-19 to address the ongoing economic implications and uncertainty related to the COVID-19 pandemic and impacts on borrowers, sellers,...
Fannie Mae recently updated Lender Letter 2020-03 to address COVID-19’s impact on loan originations by adding new temporary eligibility requirements for borrowers and requirements...
The FDIC recently announced the issuance of guiding principles set forth by federal financial regulators to financial institutions offering small-dollar loans to meet customers’...
The Department of Veteran Affairs (VA) just published a VALERI Servicer Newsflash publishing a new Circular allowing COVID-19 as a reason for default, and...
On May 19, 2020, the VA issued Circular 20-26-19 providing additional guidance for lenders regarding processing loans during the COVID-19 pandemic. The Circular states...
On May 22, 2020, the SBA issued its eleventh interim final rule implementing the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and...
