A&B Abstract: On June 30, 2020, Delaware Governor, John Carney, issued a Twenty-Third Modification (the “Order”) to the Declaration of a State of Emergency (the “State of Emergency”), initially issued on March 12, 2020. The Order became fully … [Continue reading] about Delaware Governor Issues Order Modifying Restrictions on Residential Foreclosures and Evictions
State Courts Require Strict Compliance with Foreclosure Procedures
A&B ABstract: In response to the economic fallout of the COVID-19 pandemic, state executives and legislatures have seriously restricted residential foreclosures and evictions. These restrictions have included requiring forbearance for private … [Continue reading] about State Courts Require Strict Compliance with Foreclosure Procedures
Fannie Mae Updates COVID-19 FAQ’s Related to Servicing
A&B ABstract: On June 30, Fannie Mae updated its “COVID-19 Frequently Asked Questions” as part of an ongoing effort to provide guidance to lenders and servicers in connection with the ongoing COVID-19 national emergency. The updates address … [Continue reading] about Fannie Mae Updates COVID-19 FAQ’s Related to Servicing
Louisiana Enacts Virtual Currency Company Law
A&B ABstract: On June 13, Louisiana enacted a comprehensive new law imposing a licensing obligation on entities that engage in virtual currency business activity. Effective August 1, 2020, House Bill 701 (the “Law”) will require the licensure … [Continue reading] about Louisiana Enacts Virtual Currency Company Law
New York Laws Require Forbearance for Private Mortgage Loans During COVID Emergency
A&B ABstract On June 17, 2020, New York Governor Andrew Cuomo signed into law two measures, effective immediately, providing for mortgage forbearances for privately backed residential mortgage loans during the COVID-19 emergency. Senate Bill … [Continue reading] about New York Laws Require Forbearance for Private Mortgage Loans During COVID Emergency