Coronavirus News

MA Issues FAQs Concerning Eviction and Foreclosure Moratorium

The Massachusetts Department of Banking recently issued FAQs on the implementation of House Bill 4647, providing for a moratorium on evictions and foreclosures during...

MT Updates FAQs Regarding Foreclosure Limitations

The Montana Division of Banking and Financial Institutions recently updated its FAQs, originally published April 7, 2020, to reflect Governor Bullock’s most recent Directive...

HUD OIG Reviews Servicers’ Websites for CARES Act Forbearance Information

The HUD Office of Inspector General issued a Memorandum on April 27, 2020, reporting on the results of its review of the information on...

MA Releases Guidance on Law Temporarily Allowing Reverse Mortgage Borrowers to Receive Counseling via Video Conference or by Telephone

On April 27, 2020, the Massachusetts Division of Banks (DOB) issued guidance on the provision in House Bill 4647, which Governor Charlie Baker signed...

CFPB Provides Flexibility to Land Developers in Response to COVID-19

On April 27, 2020, and as part of its response to the COVID-19 pandemic, the Bureau issued a statement concerning supervisory and enforcement practices...

Treasury and SBA Issue Updated Paycheck Protection Program Guidance

The Small Business Administration and Department of the Treasury issued guidance and answers to lender questions regarding implementation of the Paycheck Protection Program, as...

WBK List of Federal District Court Coronavirus Orders

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

FTC Issues Privacy Tips for Video Conferencing During COVID-19

The FTC recently published advice for protecting privacy and data security while utilizing online video conferencing.  The FTC explained that while video conference services...

CFPB Announces May 1, 2020 Telephone Conference to Address COVID-19 Impact on Consumers

The CFPB announced that the Consumer Advisory Board, Community Bank Advisory Counsel, Credit Union Advisory Council, and Academic Research Council will hold a joint...

New Business Continuity-Related Document Upload Types Added to NMLS

The NMLS published a link that provides examples of the different types of documentation available for upload to enable business continuity as a result...

D.C. Enacts Emergency COVID-19 Response Bill

The District of Columbia has enacted the COVID-19 Response Supplemental Emergency Amendment Act of 2020, requiring mortgage servicers to implement deferment programs for borrowers....

Freddie Mac Issues Temporary Selling Requirements for Loans in COVID Forbearance

On April 22, 2020, as part of its response to the COVID-19 Crisis, Freddie Mac issued Bulletin 2020-12, addressing temporary changes to its selling...
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