In March, an interagency statement was issued related to section 401 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) related to relief from troubled debt restructures (TDRs) ...
On April 1, 2020, Fannie Mae announced in SEL-2020-02, and Freddie Mac announced in Bulletin 2020-9, the requirements for the new Secured Overnight Financing Rate (SOFR)-indexed ARM products and the ...
The California Attorney General's office has released a statement that they will not be delaying the California Consumer Privacy Act's ("CCPA") July 1st enforcement date. A coalition that includes a ...
On April 8, 2020, Freddie Mac published Bulletin 2020-10 to provide temporary guidance in response to feedback from servicers regarding previous Bulletins 2020-4 and 2020-7 (these provided temporary servicer guidance ...
Fannie Mae has retired the following multistate biweekly notes and riders; they have been removed from Fannie Mae’s Legal Documents webpage along with the corresponding Summary documents and Spanish language ...
On March 31, 2020 the CFPB published a guide to various mortgage relief options available to borrowers affected by coronavirus/COVID-19. The Guide provides consumers with a general understanding of who ...
On March 26, 2020 the CFPB released a policy statement in which it reiterated its guidance encouraging financial institutions to make “prudent efforts undertaking in good faith” to work constructively ...
The IRS posted FAQs on their website related to the relief provided late last week in Notice 2020-18 regarding the July 15, 2020 tax filing and payment deadline. These FAQs ...
Last week, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") that will distribute $1,200 to each adult within a certain income bracket and $500 for ...
Effective March 26, 2020, the Federal Reserve Board (“Board”) reduced the reserve requirement ratios to zero percent. The Board reduced the ratio in an effort to free up liquidity to ...