FHA, CFPB Issue New Guidance on Forbearance

The Federal Housing Administration and the Consumer Financial Protection Bureau announced new policies to assist mortgage borrowers impacted by the economic effects of the coronavirus pandemic.

FHFA, HUD Suspend Foreclosures/Evictions for 60 Days

HUD and the Federal Housing Finance Agency last week suspended foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.

MBA, Trade Groups Renew Pressure for Senate Action on Montgomery, Woll Nominations

Last October, the Trump Administration nominated FHA Commissioner Brian Montgomery to serve as HUD Deputy Secretary. Despite a favorable vote by the Senate Banking Committee and strong support from trade groups such as the Mortgage Bankers Association, a Senate confirmation vote has yet to take place.