A federal judge in Florida recently denied an accounting firm’s attempt to recover fees from lenders who participated in the Paycheck Protection Program (PPP)...
The Federal Financial Institutions Examination Council (FFIEC) recently issued a joint statement, providing guidance to lenders on “work[ing] with borrowers in a safe and...
The Federal Housing Finance Agency (FHFA) recently announced that qualifying single-family mortgages originated through August 31, 2020, that are delinquent or in forbearance may...
The Washington Department of Licensing (DOL) recently extended the existing emergency rule allowing for remote notarization, effective since July 25, 2020. Along with the...
A recent FinCEN Advisory (FIN-2020-A005) on cybercrime and cyber-enabled crime exploiting the COVID-19 Pandemic alerts financial institutions to indicators of potential fraudulent schemes, malicious...
The New York Department of Financial Services (NYDFS) recently issued a set of Frequently Asked Questions (FAQs) relating to the recently enacted Section 9-x...
HUD recently issued Mortgagee Letter 2020-24 (ML 2020-24), which announces temporary updates to the FHA’s income requirements for self-employed borrowers and borrowers who rely...
The Federal Financial Institutions Examination Council (FFIEC) recently issued a joint statement providing prudent risk management and consumer protection principles for financial institutions to...
Fannie Mae continues to revise guidance and communicate temporary policies to ensure servicers can assist borrowers impacted by COVID-19. On July 15, 2020, Fannie...
Fannie Mae recently announced the release of Lender Letter 2020-11, updates to five previously issued Lender Letters, and the publication of the July Servicing...
Freddie Mac recently issued Guide Bulletin 2020-28 (Guide Bulletin) announcing updates regarding eligible disasters and other servicing guidance related to COVID-19. Specifically, the Guide...
