On March 23, 2020, Fannie Mae published Lender Letter LL-2020-03 regarding the impact of Coronavirus COVID-19 on loan originations. LL-2020-03 addresses questions and concerns that have been raised by industry ...
On March 18, 2020, Fannie Mae published Lender Letter LL-2020-02 regarding temporary servicing requirements due to the impact of Coronavirus COVID-19. LL-2020-02 was updated with additional information on March 25, ...
On March 28, 2020, Freddie Mac published Bulletin 2020-4 regarding temporary servicing requirements due to the impact of Coronavirus COVID-19. Freddie Mac is working together with Fannie Mae under the ...
On March 18, 2020, the United States Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-04 regarding guidance for foreclosures and evictions in connection with Coronavirus COVID-19. Mortgagee ...
On March 18, 2020, the Department of Veterans Affairs (VA) published Circular 26-20-8 regarding the foreclosure moratorium for borrowers who are affected by Coronavirus COVID-19. The VA provides additional information ...
President Trump signed the massive $2 trillion federal stimulus package, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) bill into law. His signature came just hours after the ...
On March 16, 2020, the Department of Veterans Affairs (VA) published Circular 26-20-7 regarding special relief and safety for those affected by Coronavirus COVID-19. Circular 26-20-7 provides the following information: ...
On March 22, 2020, the FRB, FDIC, NCUA, OCC, and CFPB issued an interagency statement providing information to institutions working with borrowers affected by Coronavirus/COVID-19. In general, the statement encouraged ...
On March 11, 2020, the IRS issued Notice 2020-15 stating that high deductible health plans (HDHPs) can pay for the testing and treatment of COVID-19 without jeopardizing the HDHP’s status ...
On March 19, 2020, Freddie Mac announced that their Loan Product Advisor customer test environment (CTE) has been updated for lenders to begin testing the changes that support the Uniform ...