A&B ABstract: On June 15, Alston & Bird partners Nanci Weissgold and Brian Johnson hosted Dr. Mark A. Calabria, Director of the Federal Housing Finance Agency, and Kathy Kraninger, Director of the Consumer Financial Protection Bureau, to discuss federal regulatory responses to the COVID-19 pandemic and how they affect consumer lending and mortgage servicing. […]
About Morey Barnes Yost
Alston & Bird Financial Services Regulatory Speaker Webinar Series
On June 15, from 1 to 2 p.m., Alston & Bird will host the inaugural event in its Financial Services Regulatory Speaker Webinar Series. The event will feature a discussion with Dr. Mark A. Calabria, Director of the Federal Housing Finance Agency and Kathy Kraninger, Director of the Consumer Financial Protection Bureau, discussing federal regulatory […]
CFPB Announces Two Updates Relating to COVID-19 Pandemic
A&B ABstract: Last week, the Consumer Financial Protection Bureau issued two announcements of interest to servicers as they continue to respond to borrowers impacted by the COVID-19 pandemic. Consumer Complaint Report: On May 21, the CFPB issued a report analyzing approximately 4500 complaints relating to the COVID-19 pandemic. Among other findings, the report indicates that […]
Alston & Bird Launches State Opening Orders Tracker
As states begin the process of re-opening businesses shuttered in response to the COVID-19 pandemic, Alston & Bird has launched a 50-State Opening Orders Tracker to summarize guidance on the resumption of business activities. We hope that you will find the tracker valuable.
FHFA Clarifies Repayment Requirements for GSE Forbearance Plans
A&B ABstract: On April 27, the FHFA provided clarification on the repayment of mortgage loan forbearance granted in response to the COVID-19 pandemic. FHFA Announcement On April 27, Federal Housing Finance Agency (“FHFA”) Director Mark Calabria clarified that borrowers who have a GSE-backed mortgage will not be required to make a lump sum repayment at […]