USDA Rural Development issued a stakeholder announcement (Announcement) implementing immediate measures to help rural residents, businesses and communities affected by COVID-19. The relief measures affect

Freddie Mac issued Bulletin 2020-6: Servicing Updates (Bulletin), introducing the Freddie Mac Payment Deferral loss mitigation solution. Payment Deferral is a new loss mitigation solution

Freddie Mac issued Bulletin 2020-7: Servicing Requirements and Relief Related to COVID-19 (Bulletin). The Bulletin sets forth changes to EDR (Electronic Default Reporting) requirements, establishes

Fannie Mae Issued Lender Letter LL-2020-04: Impact of COVID-19 on Appraisals (Letter). Per the Letter, Fannie Mae will allow exterior-only and desktop appraisals in-lieu of

Fannie Mae issued Lender Letter LL-2020-05: Payment Deferral (Letter).  The Letter introduces payment deferral, a new home retention workout option for borrowers who have resolved

Freddie Mac issued Bulletin 2020-5: Selling Guidance Related to COVID-19 (Bulletin). The Bulletin sets forth temporary guidance related to credit underwriting and property valuation requirements,

Fannie Mae issued Lender letter LL-2020-03: Impact of COVID-19 on Originations (Letter). The Letter sets forth temporary policy flexibilities with respect to: verbal verification of

FHA issued Mortgagee Letter 2020-03 (Letter), revising HUD’s policy that applications for refinancing or acquisition of existing properties may not be accepted unless and until

VA issued Circular 26-20-5 (Circular), describing measures mortgagees may employ to provide relief to Tennessee home loan borrowers affected by severe storms, tornadoes, straight-line winds,

VA issued Circular 26-20-7: Special Relief for those Potentially Impacted by COVID-19 (Circular). Per the Circular, loan holders are encouraged to extend forbearance to borrowers