Coronavirus News

FHA Extends Foreclosure Moratoriums and Other COVID-19 Related Policies

FHA recently extended several temporary provisions and policy waivers to help mitigate the impacts of the COVID-19 pandemic on FHA-insured borrowers.  These extensions include,...

HUD Issues Second Update to COVID-19 Forbearance and COVID-19 HECM Extension Period

HUD recently issued Mortgagee Letter 2020-44 which extends the date by which Mortgagees must approve the initial COVID-19 forbearance and the HECM Extension Period...

HUD Further Extends Guidance Concerning Endorsement of Mortgages Under COVID-19 Forbearance

HUD recently issued Mortgagee Letter 2020-45, which further extends through March 31, 2021, the temporary guidance originally published in Mortgagee Letter 2020-16 (ML 2020-16)...

HUD Extends COVID-19 Foreclosure and Eviction Moratorium

HUD recently issued Mortgagee Letter 2020-43, which extended HUD’s moratorium on foreclosures and evictions for borrowers with FHA-insured Single Family mortgages covered under the...

Fannie Mae Extends COVID-19 Flexibilities into 2021

Fannie Mae recently updated two Lender Letters, LL-2020-03 and LL-2020-04, to further extend certain temporary policies related to COVID-19.  LL-2020-03 addresses temporary COVID-19 measures...

Fannie Mae Further Extends Temporary Policies Related to COVID-19

Fannie Mae recently updated Lender Letters 2020-03 and 2020-04 regarding existing temporary origination and appraisal policies and flexibilities issued in response to COVID-19.  Fannie...

Ginnie Mae Allows Alternative Procedures for Certain Aspects of Issuer Annual 2020 Audit Report

In response to the COVID-19 pandemic, Ginnie Mae recently issued All Participant Memorandum (APM) 20-14, which allows, under certain conditions, the use of alternative...

HUD Extends Re-verification of Employment Guidance and Updates Appraisal Scope of Work Option

HUD recently released Mortgagee Letter (ML) 2020-37, which updates two pieces of COVID-19 related temporary guidance the agency released earlier this year.  First, the...

HUD Extends Date for Approving Initial COVID-19 Forbearance or COVID-19 HECM Extension

In Mortgagee Letter (ML) 2020-34, HUD has extended the date by which Mortgagees must approve the initial COVID-19 Forbearance or HECM Extension, as provided...

Freddie Mac Extends Eligible Dates for Loans in COVID-19 Related Forbearance

Freddie Mac recently issued Bulletin 2020-41, announcing the extension of the effective dates for the agency’s temporary requirements allowing the sale of mortgages in...

NMLS Policy Guidebook Recently Updated

The NMLS Policy Guidebook was recently updated to clarify certain work location items for individuals working remotely as a result of the COVID-19 pandemic. ...

Fannie Mae Issues Additional Updates to Lender Letter 2020-07

Fannie Mae updated LL-2020-07, which outlines the payment deferral option designed to help borrowers impacted by a hardship related to COVID-19 to return their...
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