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
RHS announced a 60-day moratorium on foreclosures and evictions in connection with the Presidentially-declared COVID-19 National Emergency. The moratorium suspends the initiation of all new
New Jersey passed a bill directing the Department of Community Affairs (Department) to produce a database that details the extent to which residential properties in
Freddie Mac issued Bulletin 2020-4 (Bulletin), announcing temporary servicing guidance related to COVID-19. The temporary measures will support borrowers that experience hardship resulting from COVID-19
FHA issued Mortgagee Letter 2020-04, announcing a 60-day moratorium on foreclosures and evictions related to the Presidentially-declared COVID-19 national emergency. The moratorium suspends the initiation
Fannie Mae issued Lender Letter LL-2020-02 (Letter), communicating temporary policies to enable servicers to assist borrowers impacted by COVID-19. The Letter provides information relating to
VA issued Circular 26-20-8: Foreclosure Moratorium for Borrowers Affected by COVID-19 (Circular). The Circular strongly encourages loan holders to establish a 60-day moratorium on completing
New York passed a bill regulating reverse mortgages made pursuant to the home equity conversion mortgage (HECM) for seniors program operated by HUD. Under the
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
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