Coronavirus News

Fannie Mae Issues Revised COVID-Related Temporary Servicing Guidance

Fannie Mae continues to revise guidance and communicate temporary policies to ensure servicers can assist borrowers impacted by COVID-19 in a Lender Letter (LL-2020-02)....

HUD Extends Foreclosure and Eviction Moratoriums in Connection with COVID-19 Pandemic

HUD recently issued Mortgagee Letter 2020-13 (ML 20-13), extending the coronavirus-related foreclosure and eviction moratoriums announced in Mortgagee Letter 2020-04 (ML 20-04), which WBK...

CFPB FAQs, Statement on Obligations to Consumers in Coronavirus Crisis

The CFPB recently issued a statement and two sets of FAQs clarifying certain responsibilities that depositories, financial institutions, credit card issuers, and other open-end,...

Ginnie Mae Issues APM 20-05 on the Availability of Its Pass Through Assistance Program

In response to the COVID-19 crisis, Ginnie Mae issued All Points Memorandum 20-05, detailing the availability of its Pass Through Assistance Program for issuers...

Fannie Mae Updates Guidance to Lenders Regarding Origination and Appraisals During COVID-19 Crisis

On May 5, 2020, and May 19, 2020, Fannie Mae updated guidance it previously provided in lender letters LL-2020-03 and LL-2020-04 prescribing requirements for...

FDIC Financial Institution Letter Announces Proposed Rulemaking to Mitigate Deposit Insurance Assessment Effects in the PPP and Other Programs

The FDIC authorized publication of a proposed rule that would mitigate the deposit insurance assessment effects on lenders participating in the Paycheck Protection Program...

CFPB Issues FAQs Regarding ECOA and Regulation B Compliance Related to COVID-19 Crisis

The CFPB recently issued three FAQs clarifying how ECOA and Regulation B apply to applications for loans under the Small Business Administration’s (SBA) Paycheck...

VA Extends Foreclosure Moratorium for Veteran Borrowers Affected by COVID-19

The VA recently issued Circular Letter 26-20-18 to extend the foreclosure moratorium for Veteran borrowers affected by the COVID-19 emergency.  The foreclosure moratorium, imposed...

FHFA Issues Guidance on Refinances and Purchases of New Homes for Borrowers in Forbearance

FHFA recently announced that Fannie Mae and Freddie Mac (collectively, the Agencies) have issued temporary guidance for borrowers in forbearance who are looking to...

Wisconsin Supreme Court Holds Coronavirus Stay-At-Home Order Invalid

On May 13, 2020, the Wisconsin Supreme Court struck down an order (the Stay-At-Home Order) authorized by the governor that commanded, among other things,...

Federal Court Enjoins MA AG’s Enforcement of Prohibition on Collection Efforts

A Massachusetts’s federal district court recently granted a temporary restraining order (TRO), enjoining the state’s attorney general from enforcing regulation prohibiting collections efforts amidst...

VA Updates Circular on Specially Adapted Housing Protocol for COVID-19

The VA recently issued an update to Circular 26-20-9: Specially Adapted Housing Protocol for COVID-19 Veteran Engagement – Moratorium on In-Home Visits.  The VA...
1 3 4 5 6 7 15