Fannie Mae amended Lender Letter LL-2020-03 to extend temporary verification of employment and power of attorney flexibilities due to COVID-19, and to amend temporary requirements

Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through December 31, 2020. Click

Fannie Mae amended Lender Letter LL-2020-06 (Letter) to extend temporary eligibility and delivery requirements for mortgages in forbearance due to COVID-19. The Letter extended the

Freddie Mac issued Guide Bulletin 2020-44 to extend temporary verification of employment, appraisal and power of attorney flexibilities due to COVID-19, and to amend temporary

Virginia passed a bill requiring lenders and servicers to provide a stay of foreclosure upon receipt of the borrower’s request. Under the bill, a lender

New York passed a bill requiring the mortgage servicers name and telephone number be included in a notice of pendency of foreclosure if the foreclosure

New York passed a bill requiring financial institutions to provide notice to a borrower prior to charging the borrower any fee related to account inactivity.

California passed 2 bills amending Notice of Sale requirements for nonjudicial foreclosures. Under the bill, a Notice of Sale pertaining to 1-to 4- family real

The CFPB adopted rules amending the federal Fair Debt Collection Practices Act. Per the adopted rules, the CFPB amended requirements with respect to: Coverage and

FHA issued a partial waiver of the borrower signature requirement for HECM assignment claims. The partial waiver allows servicer to submit a CT-22 Assignment Claim