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.
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.







