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.
ABA, associations propose bank capital reforms to boost mortgage lending
Saying that existing capital rules have discouraged bank participation in mortgage lending, ABA and seven other associations offered proposed reforms to help reverse that trend.









