On April 14, federal agencies announced a new interim final rule and interagency guidance relating to appraisals and evaluations for real estate related financial transactions affected by the COVID-19 pandemic....more
On April 13, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule regarding the application of Regulation E and the Electronic Fund Transfer Act (EFTA)'s compulsory use prohibition to CARES Act and...more
On April 1, the Consumer Financial Protection Bureau (CFPB) issued a policy statement addressing credit reporting issues faced by consumers and credit furnishers in light of the COVID-19 pandemic....more
Fannie Mae and Freddie Mac have both issued guidance addressing the impact of the COVID-19 pandemic on borrowers with multifamily property mortgages....more
Fannie Mae and Freddie Mac issued several guidance letters and bulletins to sellers and servicers in response to the COVID-19 pandemic....more
On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), legislation intended to help Americans and businesses survive the ongoing public health and economic crisis due to...more
Federal and state governments are beginning to issue emergency orders and take other actions related to foreclosure. Below is a summary of those actions to date. We will update this summary as new information becomes...more
3/23/2020
/ Coronavirus/COVID-19 ,
Emergency Response ,
FHFA ,
Governor Hogan ,
Governor Holcomb ,
Governor Kelly ,
Governor Murphy ,
Governor Newsom ,
Governor Sununu ,
HUD ,
State and Local Government ,
State of Emergency
Federal and state governments are beginning to issue emergency orders and take other actions related to foreclosure. Below is a summary of those actions to date. We will update this summary as new information becomes...more
3/21/2020
/ Coronavirus/COVID-19 ,
Emergency Orders ,
Eviction ,
FHFA ,
Foreclosure ,
HUD ,
Moratorium ,
Mortgages ,
Rental Property ,
Suspensions ,
Tenants
As the coronavirus crisis unfolds, federal and state financial services regulatory agencies have taken multiple actions impacting banks, non-bank financial service providers, and their customers. Below is a summary of those...more
3/19/2020
/ Banks ,
Business Continuity Plans ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
FDIC ,
Federal Reserve ,
Lenders ,
Mortgage Loan Originators ,
NCUA ,
OCC ,
State Regulators ,
Telecommuting