Fannie Mae issued Lender Letter LL-2020-11: Disaster Payment Deferral (Letter). The Letter introduced Disaster Payment Deferral, a new home retention workout option to assist borrowers

Fannie Mae issued Servicing Guide Announcement SVC-2020-03 (Announcement). Per the Announcement, Fannie Mae eliminated certain requirements for managing insurance loss proceeds that do not appropriately

Freddie Mac issued Bulletin 2020-28: Eligible Disasters and Other Servicing Guidance Related to COVID-19 (Bulletin). Per the Bulletin, the definition of “Eligible Disaster” is expanded

VA issued Circular 26-20-21, suspending property inspection requirements for CARES Act forbearance cases. The temporary suspension only applies to borrowers whose loans are currently in

FHA issued Mortgagee Letter 2020-16 (Letter), announcing temporary endorsement processes for mortgages placed in forbearance due to COVID-19. Mortgages that have been placed in forbearance

Freddie Mac issued Bulletin 2020-20: Selling Updates (Bulletin). The Bulletin announced the addition of a new chapter in the Guide Selling segment, containing property insurance

Fannie Mae issued Selling Guide Announcement SEL-2020-03 (Announcement). Per the Announcement, Fannie Mae updated the Selling Guide to include changes to the following: Lease review

VA issued Circular 26-20-20: Index for ARM Products (Circular). The Circular reminds lenders of VA regulations establishing the Constant Maturity Treasury (CMT) rate as the

FHA issued Mortgagee Letter 2020-07 (Letter), authorizing electronic transmission of Single Family Forward and HECM case binders for mortgage endorsement (utilizing FHA Catalyst, a new

FHA issued Mortgagee Letter 2020-08 (Letter), announcing a new supplemental claim submission method utilizing FHA Catalyst (a new web-based platform). The FHA Catalyst platform is