Coronavirus News

FHA Revises Handbook 4000.1

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...

FHA Announces Waivers to the Review Requirements for COVID Advance Loan Modification

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: Foreclosure Moratorium Expires; Eviction Moratorium Extended

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 Modifies Foreclosure Provisions

Connecticut recently enacted Substitute Senate Bill No. 891 to amend certain foreclosure provisions, which will become effective October 1, 2021. Among other things, the...

CFPB Analyzes Trends in Reported Assistance on Consumers’ Credit Records

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 Releases Updated Webinar on COVID-19 Loss Mitigation Policies

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...

VA Issues Lender Guidance for Borrowers Affected by COVID-19

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...

CFPB Issues Bulletin on COVID-19-Related Consumer Complaints

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...

CFPB Issues Final Rule on Mortgage Servicing COVID-19 Amendments to Regulation X

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...

FTC Approves Investigative Measures for Enforcement Priorities

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 Announces Updates to Property and Appraisal QC Review Requirements

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...

Biden Administration Announces Extension of Foreclosure Moratorium, COVID-Related Housing Initiatives

The Biden Administration recently announced several initiatives aimed at stabilizing homeowners and preventing evictions following unanticipated changes to the housing market caused by the...
1 2 3 4 22