Coronavirus News

NY Extends Deadline for Transition to Final Mortgage Servicing Rules

On March 13, 2020, the New York Department of Financial Services (NYDFS) adopted an emergency measure amending the Final Mortgage Servicing Rules promulgated in December 2019.  Specifically, the measure...

Oregon Authorizes Mortgage Industry Employees to Work from Home

On March 12, 2020, the Oregon Division of Financial Regulation (DFR) issued a bulletin permitting licensed mortgage lenders and employees to temporarily work from home during...

FHA Issues Mortgagee Letter 2020-6, Implementing Changes Required by the CARES Act

As part of its response to the COVID-19 crisis, and as a result of the passage of the CARES Act, on April 1, 2020,...

Colorado Adopts Temporary Regulations Regarding Remote Notarizations

As part of the state’s response to the COVID-19 crisis, the Colorado Secretary of State has issued temporary regulations regarding the requirements for the...

Florida Governor Issues Stay at Home Order

As part of the state’s response to the COVID-19 crisis, Florida Governor Ron DeSantis issued an executive order on April 1, 2020, ordering all...

FHFA Issues Guidance on Processing of Fannie Mae and Freddie Mac Loans

As part of its response to the COVID-19 crisis, on March 31, 2020, FHFA announced it is allowing certain flexibilities in processing of Fannie...

CISA Issues Updated Guidance on Critical Infrastructure Workers during COVID-19

On March 28, 2020, the Cybersecurity and Infrastructure Security Agency (CISA) issued updated guidance on the identification of essential critical infrastructure workers during the response to...

NMLS Policy Committee Issues Clarification on Upcoming Reporting Deadlines

As part of its response to the COVID-19 crisis, the NMLS Policy Committee announced on March 30, 2020, that it is updating its reporting...

MD Governor Updates Previous Executive Order, Requires Citizens to Stay Home

As part of the state’s response to the COVID-19 crisis, Maryland Governor Larry Hogan signed an executive order on March 30, 2020, updating his...

Ginnie Mae Issues Blog Post on Upcoming Servicer Liquidity Facility

On March 27, 2020, Ginnie Mae issued a blog post addressing servicer liquidity concerns.  Specifically, Ginnie Mae noted that it would be creating “a...

Massachusetts Division of Banks Issues Policy Updates Regarding COVID-19

On March 26, 2020, the Massachusetts Division of Banks (Division) issued guidance for certain licensed financial institutions in response to COVID-19.  In an effort...

VA Issues Guidance Concerning Appraisals During COVID-19

On March 27, 2020, the VA issued Circular 26-20-11 to provide guidance on conducting appraisals for VA home loans during the COVID-19 pandemic.  Under...
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