Industry Update July 1, 2021 Source: CFPB The Bureau of Consumer Financial Protection is issuing this Enforcement compliance bulletin and policy guidance regarding consumer reporting of rental information in light of upcoming heightened risks to renters associated with inaccurate consumer reporting information. As pandemic-related government interventions aimed at protecting...
Investor Update June 30, 2021 Source: FHFA Changes to loan modification terms will help borrowers stay in their homes Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) needing...
Investor Update June 30, 2021 Source: Freddie Mac This Guide Bulletin announces• The expiration of the COVID-19 foreclosure moratorium• Temporary changes to Freddie Mac Flex Modification® for Borrowers with a COVID-19 hardship• Updates to PAID COVID-19 FORECLOSURE MORATORIUM The foreclosure moratorium last announced in Guide Bulletin 2021-23 will expire on July 31, 2021. Between July...
Investor Update June 29, 2021 Source: FHFA Servicers of Enterprise-backed mortgages will be prohibited from making most first filings for foreclosure before new CFPB rules take effect August 31 Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) servicers will not...
Investor Update June 25, 2021 Source: USDA Additional Resource: USDA (SFHGLP Temporary Exceptions in Relation to COVID-19) PURPOSE The purpose of this notice is to announce an extension of the moratorium on foreclosure and to extend the date by which a lender may approve a borrower’s request for an initial COVID-19 mortgage...
Investor Update June 24, 2021 Source: FHFA Additional Resource: FHFA Director Mark Calabria’s Statement on the U.S. Supreme Court’s Collins v. Yellen Decision Washington, D.C. – Today, the White House appointed Sandra L. Thompson as the Acting Director of the Federal Housing Finance Agency (FHFA) effective immediately. “I am honored that President Biden has...
Industry Update June 24, 2021 Source: The Hill Additional Resource: CDC (CDC Director Extends the Eviction Moratorium for 30 days) The Centers for Disease Control and Prevention (CDC) on Thursday announced a one-month extension to the nationwide pause on evictions put in place amid the coronavirus pandemic. The eviction moratorium, which was set...
Investor Update June 22, 2021 Source: DS News Rep. Maxine Waters, Chairwoman of the House Financial Services Committee has sent a letter to the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Agriculture (USDA), U.S. Department of Veterans Affairs (VA), Consumer Financial Protection Bureau (CFPB), and the Federal Housing Finance Agency (FHFA) requesting that...
Investor Update June 22, 2021 Source: FHFA More than 5.8 million homeowners helped since conservatorship Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 224,646 foreclosure prevention actions in...
Investor Update June 21, 2021 Source: HUD Department publishes Federal Register notice governing the use of $2 billion in CDBG-DR for a more resilient, efficient, reliable, and sustainable electric power system in Puerto Rico and USVI WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today published a...
