CDC Extends Eviction Moratorium
Effective July 1, 2021, the Centers for Disease Control and Prevention (CDC) issued an Order extending the nationwide eviction moratorium protecting tenants who are unable... Read More
Federal Regulatory Developments
HUD Publishes Notice of Proposed Rulemaking to Reinstate 2013 Fair Housing Act Rule
On June 25, 2021, HUD published a notice of proposed rulemaking that would withdraw its 2020 disparate impact final rule and reinstate its 2013 final... Read More
CFPB Publishes Spring 2021 Rulemaking Agenda
The CFPB recently published its latest semiannual agenda of planned rulemaking activities as part of the Executive Branch’s Spring 2021 Unified Agenda of Federal Regulatory... Read More
FHA Extends Certain COVID-19 Flexibilities
FHA recently announced that they are extending certain temporary COVID-19 related policies first announced in Mortgagee Letter 2020-24, including those related to verification of self-employment. ... Read More
Fannie Mae Updates RefiNow Guidelines
On June 16, 2021, Fannie Mae released an updated version of Lender Letter (LL-2021-10) detailing the terms of the RefiNow program for certain refinance loans,... Read More
FHA Announces New Calculation Requirements for Student Loan Debt
In recognition of the expanding student loan payment plan alternatives offered by the U.S. Department of Education, FHA recently issued Mortgagee Letter 2021-13 (ML 2021-13)... Read More
FHA Confirms Expiration of Temporary Guidance for Re-Verification of Employment and Appraisal Scope of Work Option Updates
FHA recently issued a reminder that the temporary guidance, which addressed changes to the requirements for re-verification of employment and appraisal protocols for FHA Single Family... Read More
CFPB Issues Interpretive Rule on MLA-Related Examination Authority
The CFPB recently published an interpretive rule reasserting its authority to examine supervised financial institutions for Military Lending Act (MLA) violations and explaining the legal... Read More
FHFA Extends COVID-19 Multifamily Forbearance
FHFA recently announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021. Qualifying... Read More
CFPB Issues FAQs on Electronic Fund Transfers
The CFPB recently issued FAQs concerning unauthorized electronic fund transfers and error resolution in connection with the Electronic Fund Transfer Act (EFTA) and Regulation E.... Read More
SEC Fines Firm for Alleged Cyber Disclosure Failures
The SEC recently reached a nearly $500,000 settlement with a publicly-traded real estate settlement company after the company allegedly failed to properly disclose cybersecurity defects,... Read More
Federal Reserve Adopts Amendments to Regulation D
On June 4, 2021, the Federal Register published the Board of Governors of the Federal Reserve System’s (“Board”) adoption of amendments to Regulation D (Reserve... Read More
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