GSEs Announce Payment Deferral Option for Borrowers Exiting Forbearance Mortgage March 25, 2020 In communications to lenders today, Fannie Mae and Freddie Mac announced a new home retention workout option that would allow...
Fed to Adjust Exam Activities As It Focuses on Coronavirus Response Compliance and Risk March 24, 2020 The Federal Reserve will “temporarily reduce” its bank examination activities as it pivots to focus on responding to the immediate...
IRS Issues FAQs on Filing Date Extension, Clarifies Due Date for IRA, HSA Contributions Newsbytes March 24, 2020 The IRS has issued a set of frequently asked questions related to the recently announced delay in filing dates for...
CFPB Extends Comment Period on Time-Barred Debt Disclosure Proposal Compliance and Risk March 24, 2020 The CFPB last week announced that it will extend until June 5 the comment deadline for its proposal on time-barred...
ABA, Industry Groups Call for Unified Approach to Mortgage Relief During Pandemic Mortgage March 23, 2020 ABA joined several financial and mortgage industry trade associations in a letter to the Federal Reserve, HUD, FHFA, the CFPB,...
Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay Community Banking March 23, 2020 In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman...
Fed Releases Audited 2019 Financial Statements Newsbytes March 23, 2020 The Federal Reserve on Friday released 2019 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve...
OCC Revises Short-Term Investment Fund Rule Newsbytes March 23, 2020 The Office of the Comptroller of the Currency has adopted an interim final rule, effective immediately, to revise its short-term...
FHFA Announces New Measures to Ensure Liquidity in Mortgage Markets Mortgage March 23, 2020 To help ensure liquidity in the secondary mortgage market, the Federal Housing Finance Agency today directed Fannie Mae and Freddie...
Fed Expands Stimulus Measures, QE; Will Support Corporate Credit Commercial Lending March 23, 2020 In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response,...
