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House Financial Services Committee Subcommittee on Oversight and Investigations Holds Hearing on Mortgage Servicers and CARES Act Implementation

August 4, 2020 By Nanci Weissgold, Brian Johnson, Anoush Garakani and David McGee

A&B Abstract:  On July 16, 2020, the U.S. House Committee on Financial Services’ (the “Committee”) Subcommittee on Oversight and Investigations (the “Subcommittee”) held a hearing to discuss mortgage servicers and their implementation of the Coronavirus Aid, Relief, and Economic Stability Act (“CARES Act”). On May 4, 2020, Chairwoman of the Committee, Maxine Waters, sent a […]

Filed Under: CARES Act, COVID-19, Forbearance, Mortgage Servicing Tagged With: #COVID=19, CARES Act, Covid-19, Forbearance, Foreclosure, Mortgage Servicing, Servicing

Delaware Governor Issues Order Modifying Restrictions on Residential Foreclosures and Evictions

July 17, 2020 By Nanci Weissgold, Anoush Garakani and David McGee

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 effective July 1, 2020. The Order addresses a number of issues that impact residential mortgage loan servicers, […]

Filed Under: Debt Collection, Mortgage Loans, Mortgage Servicing, State Law Tagged With: #COVID=19, Debt Collection, Delaware, Foreclosure, Mortgage Servicing, Servicing

Fannie Mae Updates COVID-19 FAQ’s Related to Servicing

July 15, 2020 By Consumer Finance Team

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 retention workout options and incentive fees, among other topics. Foreclosure Suspension Fannie Mae has updated Question 3 to […]

Filed Under: Mortgage Loans, Mortgage Servicing Tagged With: #COVID=19, #FannieMae

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Recent Posts

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