Coronavirus News

Agencies Issue Joint Statement on Loan Modifications for Customers Affected by Coronavirus

The Federal Reserve Board, FDIC, NCUA, OCC, CFPB, and the Conference of State Bank Supervisors issued a joint statement encouraging financial institutions to work...

Federal Regulators to Hold Webinar on Interagency Statement on Loan Mods, Reporting

On Friday March 27, 2020, at 2 p.m. EDT, the CFPB, FDIC, FRB, OCC, and NCUA will jointly host a webinar concerning the Interagency...

Ginnie Mae APM 20-01 Permits Temporary Use of Digital Signatures on Specific Forms

Ginnie Mae has issued APM 20-01, temporarily permitting electronic execution and transmission of forms HUD-11711A (Release of Security Interest) and HUD-11711B (Certification and Agreement),...

Michigan Governor Orders Citizens to Stay at Home

As part of the state’s response to the COVID-19 crisis, Michigan Governor Gretchen Whitmer signed an executive order requiring all citizens to stay at...

MA Division of Banks Sends COVID-19-Related Advisory to Licensees Regarding Continuity of Operations and Home-Based Mortgage Originations

The Massachusetts Division of Banks sent a recent message to its licensees with advice regarding business continuity and the delivery of financial services due...

MD Governor Orders Closure of Non-Essential Businesses, Urges 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 23, 2020, ordering the...

Kansas OSBC Announces Temporary Closure

The Kansas Office of the State Bank Commissioner issued a notice on March 23, 2020, in response to the COVID-19 crisis, announcing that it...

FANNIE AND FREDDIE ISSUE GUIDANCE TO LENDERS CONCERNING COVID-19

On March 23, 2020, Fannie Mae and Freddie Mac each issued guidance to single-family lenders concerning origination requirements in response to the COVID-19 crisis. ...

WBK List of Federal District Court Coronavirus Orders

WBK has prepared a list of the orders issued by federal district courts across the country that make changes to court operations and procedures...

Delaware, Louisiana, and Ohio Order Citizens to Stay at Home

As part of their states’ response to the COVID-19 crisis, Delaware, Louisiana, and Ohio have all issued orders requiring all citizens to stay at...

New Jersey Issues No Action Letter Regarding Remote Work for Mortgage Lenders

The New Jersey Department of Banking and Insurance issued a notice on March 19, 2020, in response to the COVID-19 crisis, regarding remote work...

FHFA Authorizes GSEs to Support Liquidity in Secondary Mortgage Market

On March 23, 2020, the FHFA authorized Fannie Mae and Freddie Mac to provide additional liquidity to investors in mortgage backed securities.  “Eligible collateral...
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