On April 14, federal agencies announced a new interim final rule and interagency guidance relating to appraisals and evaluations for real estate related financial transactions affected by the COVID-19 pandemic....more
Fannie Mae and Freddie Mac have both issued guidance addressing the impact of the COVID-19 pandemic on borrowers with multifamily property mortgages....more
Fannie Mae and Freddie Mac issued several guidance letters and bulletins to sellers and servicers in response to the COVID-19 pandemic....more
On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), legislation intended to help Americans and businesses survive the ongoing public health and economic crisis due to...more
The COVID-19 crisis has led to foreclosure moratoriums at the regulatory, executive, and judicial level. Servicers should consider that compliance with these, regardless of level, may not protect them from later challenges to...more
3/24/2020
/ Coronavirus/COVID-19 ,
Fannie Mae ,
FHFA ,
Financial Institutions ,
Foreclosure ,
Freddie Mac ,
HUD ,
Moratorium ,
Mortgage Lenders ,
Mortgages ,
Relief Measures ,
Statute of Limitations ,
Tolling
The Florida Supreme Court has issued Administrative Order AOSC20-16, which allows oaths to be administered remotely for remote testimony, depositions, and other out-of-court legal testimony, as long as the notary or other...more
Federal and state governments are beginning to issue emergency orders and take other actions related to foreclosure. Below is a summary of those actions to date. We will update this summary as new information becomes...more
3/23/2020
/ Coronavirus/COVID-19 ,
Emergency Response ,
FHFA ,
Governor Hogan ,
Governor Holcomb ,
Governor Kelly ,
Governor Murphy ,
Governor Newsom ,
Governor Sununu ,
HUD ,
State and Local Government ,
State of Emergency
Federal and state governments are beginning to issue emergency orders and take other actions related to foreclosure. Below is a summary of those actions to date. We will update this summary as new information becomes...more
3/21/2020
/ Coronavirus/COVID-19 ,
Emergency Orders ,
Eviction ,
FHFA ,
Foreclosure ,
HUD ,
Moratorium ,
Mortgages ,
Rental Property ,
Suspensions ,
Tenants
Our industry’s commitment to the health and safety of its workforce and the CDC’s social distancing recommendations require we explore ways to minimize physical proximity in employees’ daily tasks. For those in our clients’...more