Coronavirus News

Fannie Mae Updates Lender Letters 2021-02 and 2021-07

Fannie Mae recently published updates to two lender letters: LL-2021-02 that updates LL-2020-02 relating to the impact of COVID-19 on servicing; and LL-2021-07 that...

HUD Extends Re-verification of Employment Guidance and Exterior-Only Appraisal Option

HUD recently issued Mortgagee Letter (ML) 2021-06 to update temporary guidance the agency previously released in response to the COVID-19 pandemic.  First, the letter...

FHA Announces Extensions of Single Family Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects

FHA extended, through June 30, 2021, a set of single family policies for single family lenders and servicers in order to maintain new originations...

VA Updates Forbearance Guidance and Extends Foreclosure and Eviction Relief

The Department of Veterans Affairs (VA) issued Circular 26-21-04 to update forbearance guidance and Circular 26-21-05 to extend foreclosure and eviction relief for borrowers...

HUD Re-Extends Interim Procedures for Site Access for Section 232 Mortgage Insurance Applications During the COVID-19 Pandemic

HUD recently issued ML 2020-50, which re-extends interim procedures for site access for Section 232 mortgage insurance applications during the COVID-19 pandemic.  HUD initially...

Freddie Mac and Fannie Mae Extend COVID-19 Related Foreclosure Moratoriums

Freddie Mac and Fannie Mae have recently issued COVID-19 related updates with respect to servicing.  Freddie Mac issued Bulletin 2021-3 and Fannie Mae issued...

New York Passes COVID-19 Related Eviction and Foreclosure Protections

The New York legislature recently passed a bill granting certain eviction and foreclosure protections, among other protections, for residential tenants and homeowners suffering from...

Department of Veterans Affairs Extends Foreclosure and Eviction Relief

Late last year the Department of Veterans Affairs (VA) issued Circular 26-20-40 under Executive Order 13945, extending foreclosure and eviction relief previously announced and...

FHA Extends Foreclosure Moratoriums and Other COVID-19 Related Policies

FHA recently extended several temporary provisions and policy waivers to help mitigate the impacts of the COVID-19 pandemic on FHA-insured borrowers.  These extensions include,...

HUD Issues Second Update to COVID-19 Forbearance and COVID-19 HECM Extension Period

HUD recently issued Mortgagee Letter 2020-44 which extends the date by which Mortgagees must approve the initial COVID-19 forbearance and the HECM Extension Period...

HUD Further Extends Guidance Concerning Endorsement of Mortgages Under COVID-19 Forbearance

HUD recently issued Mortgagee Letter 2020-45, which further extends through March 31, 2021, the temporary guidance originally published in Mortgagee Letter 2020-16 (ML 2020-16)...

HUD Extends COVID-19 Foreclosure and Eviction Moratorium

HUD recently issued Mortgagee Letter 2020-43, which extended HUD’s moratorium on foreclosures and evictions for borrowers with FHA-insured Single Family mortgages covered under the...
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