News & Analysis as of

CARES Act Foreclosure Mortgage Lenders

McGlinchey Stafford

Third Circuit Illustrates Federal Court Presumption for Exercising Concurrent Jurisdiction

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Arsenis v. M&T Bank is a tale of two cases. The bank brought an action against Ms. Arsenis to foreclosure on a mortgage loan in New Jersey Superior Court. Through a combination of defenses and counterclaims in the foreclosure...more

Spilman Thomas & Battle, PLLC

COVID-19, the CARES Act and the Impact on Mortgage Forbearance

In response to the coronavirus pandemic, the federal government passed the CARES Act, which provides a number of protections to homeowners unable to pay their mortgages. The CARES Act prohibits any home foreclosures before...more

American Conference Institute (ACI)

[Virtual Event] 27th NATIONAL FORUM ON Residential Mortgage Regulatory Enforcement & Litigation - November 17th - 18th, 9:00 am -...

ACI’s Residential Mortgage Forum is a premier gathering of leading servicers, lenders, external counsel, and regulators engaging in dialogue on how to navigate the very complex residential mortgage enforcement and litigation...more

Steptoe & Johnson PLLC

West Virginia Foreclosures in the Age of Corona

Steptoe & Johnson PLLC on

Economic turmoil brought on by the coronavirus pandemic has created much concern about a potential rise in residential foreclosures. On August 5, 2020, Governor Jim Justice followed his presentation on school reopening...more

McGlinchey Stafford

Florida and Texas Extend Borrower Protections Through September

McGlinchey Stafford on

Florida’s Governor Desantis has extended Executive Order Number 20-180 to 12:01 a.m. on October 1, 2020. The Executive Order, titled “Limited Extension of Mortgage Foreclosure and Eviction Relief” provides, in relevant part: ...more

Ward and Smith, P.A.

COVID-19 Eviction Moratoriums: Need-To-Know Information for NC Landlords and Tenants

Ward and Smith, P.A. on

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020.  The CARES Act provided immediate economic assistance for American workers,...more

Pillsbury Winthrop Shaw Pittman LLP

Texas Restricts Evictions Due to COVID-19: Landlord Considerations

In the wake of the COVID-19 pandemic, the Supreme Court of Texas along with many Texas counties have issued moratoriums on evictions and foreclosures, the applicability of which remains varied and depends on local orders. ...more

Bradley Arant Boult Cummings LLP

Foreclosure in the Times of COVID-19: Some Texas Counties Halt Foreclosures for April Amid Coronavirus Concerns

Many of Texas’ largest counties have suspended foreclosures for the month of April amid coronavirus (COVID-19) concerns, including the state’s two largest counties, Harris and Dallas. Texas Gov. Greg Abbott, however, has yet...more

Lowenstein Sandler LLP

Foreclosure Moratorium Policies in Response to the COVID-19 Pandemic

In the face of the COVID-19 pandemic and the resulting economic downturn, housing advocates and lawmakers have called for a nationwide moratorium on foreclosures. On March 18, U.S. Department of Housing and Urban Development...more

Bradley Arant Boult Cummings LLP

Mortgage Servicers: Keep an Eye on the CFPB’s Advice to Borrowers Impacted by COVID-19

On March 31, 2020, the CFPB posted a “Guide to coronavirus mortgage relief options,” which provides instruction to mortgage loan borrowers who may be impacted by COVID-19 on when and how to go about obtaining assistance....more

Alston & Bird

Key Provisions of the CARES Act Affecting Mortgage Servicers

Alston & Bird on

A&B ABstract: In response to COVID-19, on Friday March 28, 2020, President Trump signed into law the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”).  This is a monumental $2 trillion stimulus...more

McGuireWoods LLP

COVID-19: UK Introduces Non-payment Protections for Commercial Tenants: The UK government has announced that commercial tenants...

McGuireWoods LLP on

An amendment to the emergency Coronavirus Bill means that no business will be forced out of its premises if it misses a rent payment in the next three months. The government will continue to monitor the situation, as...more

Amundsen Davis LLC

Credit And Housing Protections Under The CARES Act

Amundsen Davis LLC on

In order to provide assistance and security to those adversely affected by the COVID-19 emergency, the CARES Act includes certain credit and housing related protections. Credit Reporting- If a furnisher makes an...more

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