On September 27, 2021, the Federal Housing Administration (FHA) announced additional COVID-19 relief for borrowers. In Mortgagee Letter (ML) 2021-24, FHA issued new forbearance...
Pennsylvania recently published amendments to its mortgage servicing regulations to reflect and incorporate changes to the CFPB’s regulations related to the COVID-19 pandemic. These...
New York Governor Kathy Hochul recently enacted Senate Bill 50001 (SB 50001 or the Bill), which, effective September 2, 2021, among other things, further...
FHA recently issued a reminder to mortgagees related to originating and/or servicing FHA-insured mortgages in a Presidentially-declared Major Disaster Area (PDMDA) during the COVID-19...
The FHA issued two temporary partial waivers to its Home Equity Conversion Mortgage (HECM) policies on September 2, 2021, because of hardships that borrowers...
On August 26, 2021, the Supreme Court blocked the Biden administration from enforcing the latest CDC moratorium on evictions imposed because of the COVID-19...
In LL-2021-03, Fannie Mae updated its policies previously published in LL-2020-03. Effective immediately, Fannie is retiring the age of documentation and market-based asset policies...
The CFPB recently published a report on mortgage servicer data reflecting COVID-19 pandemic related challenges for both borrowers and servicers. The data in the...
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;...
