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  • 31 Mar 2020 9:16 AM | Anonymous

    Impact of COVID-19 on Originations

    https://singlefamily.fanniemae.com/media/22316/display

    • Age of documentation
    • Verification of self-employment
    • Market-based assets
    • Powers of attorney
    • Remote online notarization
    • Lender quality control requirements


  • 31 Mar 2020 9:15 AM | Anonymous

    https://singlefamily.fanniemae.com/media/22321/display

    • Flexibilities for new construction loans
    • Flexibilities for HomeStyle Renovation loans


  • 31 Mar 2020 9:12 AM | Anonymous

    Selling Guidance Related to COVID-19

    https://guide.freddiemac.com/app/guide/bulletin/2020-8


  • 27 Mar 2020 9:08 AM | Anonymous

    Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19

    https://www.hud.gov/sites/dfiles/OCHCO/documents/20-05hsgml.pdf


  • 26 Mar 2020 3:30 PM | Anonymous

    Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic:

    https://files.consumerfinance.gov/f/documents/cfpb_supervisory-enforcement-statement_covid-19_2020-03.pdf

    Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act: 

    https://files.consumerfinance.gov/f/documents/cfpb_hmda-statement_covid-19_2020-03.pdf


  • 25 Mar 2020 8:48 AM | Anonymous

    In connection with Executive Order 202.8 issued by Governor Cuomo and our industry’s urgent need for clarity pertaining to specific “ Essential Business”, click here for a list of Frequently Asked Questions posted by Empire State Development. Our organization is in contact with NYS DFS, the Governor’s office as well as the MBA and will provide updates as soon as they become  available.

    More information on COVID-19 and impact on business in NY can be found at https://esd.ny.gov/


  • 25 Mar 2020 8:47 AM | Anonymous

    Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic: 
    https://files.consumerfinance.gov/f/documents/cfpb_supervisory-enforcement-statement_covid-19_2020-03.pdf

    Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act: 
    https://files.consumerfinance.gov/f/documents/cfpb_hmda-statement_covid-19_2020-03.pdf


  • 23 Mar 2020 8:49 AM | Anonymous

    DFS ISSUES NEW EMERGENCY REGULATION REQUIRING NEW YORK REGULATED FINANCIAL INSTITUTIONS TO PROVIDE FINANCIAL RELIEF TO NEW YORKERS DEMONSTRATING FINANCIAL HARDSHIP FROM COVID-19 PANDEMIC 

    The Department of Financial Services (DFS) today issued an emergency regulation requiring that, during a specified time, New York State regulated financial institutions provide residential mortgage forbearance on property located in New York for a period of 90 days to any individual residing in New York who demonstrates financial hardship as a result of the COVID-19 pandemic, subject to the safety and soundness requirements of the regulated institutions. The emergency regulation also requires that, during a specified time, New York regulated banking organizations eliminate fees charged for the use of Automated Teller Machines (ATMs) that are owned or operated by the regulated banking organization, overdraft fees, and credit card late payment fees for any individual who demonstrates financial hardship as a result of the COVID-19 pandemic, subject to the safety and soundness requirements of the regulated banking organization. This emergency regulation is adopted pursuant to  Governor Andrew M. Cuomo’s Executive Order No. 202.9

    Click here for Full Notice


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Empire State Mortgage Bankers Association
501 E. Boston Post Rd., Suite 6, Mamaroneck, NY 105
43

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