Mortgage servicers will be required to suspend foreclosure activities for up to 60 days if they are notified that a borrower has applied for mortgage assistance under the Treasury Department’s Homeowner Assistance Fund, the Federal Housing Finance Agency announced today. The HAF was established to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after Jan. 21, 2020.
OCC proposes revising chartering rules for national trust institutions
The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.









