FHFA Extends Foreclosure and Eviction Moratorium

  • Source: DSnews.com

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Treliant’s Mortgage Operations & Compliance practice area helps you streamline while you comply.  Our focus on process while ensuring compliance with continuing regulations provide you with best-in-class operations.

Article Highlights:

Fannie Mae and Freddie Mac extended their single-family moratorium on foreclosures and evictions until August 31, 2020.

Earlier this month, FHFA announced other flexibilities related to the following and provided an extension of these until at least July 31, 2020:

  • Alternative appraisals (purchase/rate term refis)
  • Alternative employment verifications
  • Expanded use of powers of attorney and remote notarizations
  • Purchases of loans in forbearance and have missed one mortgage payment (note dates before July 1, delivered by August 31)

Author

Ellen Rose

Ellen Rose is a Senior Director with Treliant. She is a seasoned financial services professional with executive experience in all facets of commercial and residential mortgage banking. Ellen has over 30 years of industry experience in directing originations, secondary marketing, servicing, support, and vendor activities. With a focus on compliance,…