VA Updates COVID-Related Forbearance Time Periods
VA issued Circular 26-21-20, updating the period during which a COVID-related forbearance may be approved and the completion date for all COVID-related forbearances. Per the
VA issued Circular 26-21-20, updating the period during which a COVID-related forbearance may be approved and the completion date for all COVID-related forbearances. Per the
Fannie Mae issued a Servicing Notice (Notice) updating the list of mortgage insurance companies participating in the Mortgage Insurance Claims Portal (MICP). Per the Notice,
VA issued Circular 26-21-19 to communicate that servicers may continue offering loan deferment as a COVID-19 home retention option in accordance with VA’s COVID-19 Home
FHA issued Mortgagee Letter 2021-24 to provide an additional forbearance period and HECM extension due to COVID-19. Per the Mortgagee Letter, FHA: Provided an additional
Colorado passed a bill enacting the Nonbank Mortgage Servicers Act (NMSA). Under the bill, effective January 31, 2022, a person may not act as a
RHS issued a SFH Guaranteed Servicing notice (Notice), removing the September 30, 2021 deadline for a borrower requested forbearance due to COVID-19. Per the Notice,
VA issued Circular 26-21-17 setting forth requirements for requesting a partial claim payment under the COVID-19 Veterans Assistance Partial Claim Payment Program (COVID-VAPCP). Per the
FHA issued Mortgagee Letter 2021-23, announcing the transition of appraisal deliveries from the Legacy Electronic Appraisal Delivery (EAD) Portal to the FHA Catalyst: Electronic Appraisal
VA issued Circular 26-21-16 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Ida. The measures include: the
RHS issued Administrative Notice 4882, requiring all approved lenders to register in the System for Award Management (SAM). The registration requirement applies to new applications
Iowa passed a bill enacting provisions with respect to mortgage trigger leads. Under the bill, a financial institution may not use an unfair or deceptive
Idaho amending signature requirements with respect to homestead property. Under the bill, the homestead of a married person cannot be conveyed or encumbered by a
Maryland passed a bill requiring an assumption provision be included in a conventional home mortgage loans. Under the bill, a conventional home mortgage loan must
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