News & Analysis as of

Department of Housing and Urban Development Relief Measures

Orrick, Herrington & Sutcliffe LLP

HUD extends Covid-19 forbearance through May 31

On April 7, HUD issued Mortgagee Letter 2023-08, which extends through May 31 the final date for borrowers to request Covid-19 forbearance and home equity conversion mortgage (HECM) extensions. The extension is intended to...more

Orrick, Herrington & Sutcliffe LLP

HUD announces Arkansas disaster relief

On April 5, HUD announced disaster assistance for areas in Arkansas impacted by severe storms and tornadoes on March 31. The disaster assistance follows President Biden’s major disaster declaration on April 2. ...more

Whitman Legal Solutions, LLC

It’s the End of the CDC Eviction Moratorium–What’s Next?

Early in the pandemic, there was a patchwork of federal, state, and local eviction moratoriums, so not all rental housing was covered by a moratorium. On September 4, 2020, the CDC issued an order declaring a national...more

Ballard Spahr LLP

While Foreclosure Moratorium Ended, FHFA, HUD, VA and USDA Extend Eviction Moratoria

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The Centers for Disease Control and Prevention's (CDC) eviction moratorium expired on July 31, 2021. Meanwhile, at President Biden's request, the Acting Director of the Federal Housing Finance Agency, and the Secretaries of...more

Ballard Spahr LLP

HUD Extends Foreclosure and Eviction Moratoriums and Announces COVID-19 Advance Loan Modification

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In Mortgagee Letter 2021-15 dated June 25, 2021, the U.S. Department of Housing and Urban Development (HUD) extended the foreclosure and eviction moratoriums for FHA insured single-family loans from June 30, 2021 to July 31,...more

Davis Wright Tremaine LLP

COVID, Year Two: A Look at Mortgage Relief, Regulatory Scrutiny, and the Road Ahead

March 13, 2021, marked the one-year anniversary of President Trump's declaring COVID-19 a national emergency. Through the CARES Act, agency action and guidance, and various state laws and executive orders, governments across...more

Clark Hill PLC

Window On Washington - Vol. 5, Issue 10

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. There will likely be Senate confirmation votes this week on Rep. Marcia Fudge’s (D-OH) nomination to be Secretary...more

Wiley Rein LLP

Federal Agency COVID-19 Responses - February 12, 2021

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated February 12, 2021. ...more

McGlinchey Stafford

COVID Relief Updates: Mortgages, Debt Collection, And Student Lending

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Since the beginning of the year and the change in Presidential administrations, a number of relief measures granted in response to the COVID-19 pandemic have been extended. Below are updates regarding relief measures in place...more

Ballard Spahr LLP

HUD Extends Foreclosure and Eviction Moratoriums

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In Mortgagee Letter 2020-43, dated January 21, 2021, the U.S. Department of Housing and Urban Development (HUD) extended the foreclosure and eviction moratoriums for FHA insured single-family loans from February 28, 2021 to...more

Wiley Rein LLP

Federal Agency COVID-19 Responses - January 20, 2021

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated January 20, 2021. ...more

Wiley Rein LLP

Federal Agency COVID-19 Responses - January 4, 2021

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated January 4, 2021. ...more

Pierce Atwood LLP

COVID-19: Congress Passes Stimulus Measure with Relief for Individuals, Families, and Workers

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On Monday, December 21, Congress enacted a $900 billion stimulus package to support American workers and businesses impacted by COVID-19. The bill awaits President Trump’s signature, which as of this writing is uncertain....more

Ballard Spahr LLP

HUD Extends Various COVID-19 Policies

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In a series of Mortgagee Letters, each dated December 17, 2020, the U.S. Department of Housing and Urban Development (HUD) extended the dates of various policies addressing the COVID-19 national emergency....more

Ballard Spahr LLP

FHFA and HUD Extend Foreclosure Moratoriums – Fannie and Freddie Provide Guidance Regarding Termination of Mortgage Insurance

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The Federal Housing Finance Agency (FHFA) announced on December 2, 2020, the extension of the Fannie Mae and Freddie Mac moratorium on single-family foreclosures from December 31, 2020, to January 31, 2021. The moratorium on...more

Wiley Rein LLP

Federal Agency COVID-19 Responses - December 2020 #2

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated December 18, 2020. ...more

Wiley Rein LLP

Federal Agency COVID-19 Responses - December 4, 2020

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated December 4, 2020. ...more

Lowndes

Foreclosure Moratorium Update

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Early in the response to the COVID-19 pandemic, various foreclosure moratoriums effecting Florida real estate were issued. The U.S. Department of Housing and Urban Development (HUD) issued a moratorium on all foreclosures of...more

Wiley Rein LLP

Federal Agency COVID-19 Responses (Update #2)

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated November 13, 2020....more

Wiley Rein LLP

Federal Agency COVID-19 Responses

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*Wiley continues to closely monitor the COVID-19 crisis and will update this list as new information is available. This alert was originally published on March 25, 2020, and last updated October 9, 2020. 1. Administration...more

Orrick - Finance 20/20

HUD Announces Flexibilities for CARES Act’s Emergency Solutions Grant Program

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On September 9, the Department of Housing and Urban Development (HUD) announced additional requirements and flexibilities for $3.96 billion in emergency solutions grants provided to states and units of local government under...more

Bilzin Sumberg

Legal Challenges Greet New Moratorium on Residential Evictions, Foreclosures

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On September 4, the Centers for Disease Control (CDC) imposed a moratorium on residential foreclosures and evictions through the end of this year. The move quickly followed comments by the Trump administration that it would...more

Goodwin

SEC Stays Busy With Amendments And Extensions To Various Rules, Definitions And Disclosures

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In the News. The Securities and Exchange Commission (SEC) adopted final rules to update and expand the statistical disclosures that bank and savings and loan registrants must provide to investors for the first time in 30...more

Stoel Rives LLP

Affordable Housing Law Alert: Revival of the Density Bonus Law – Affordable Housing to the Rescue?

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Since the onset of COVID-19, the global landscape has been turned upside down, bringing to light various social issues that have long been plaguing various communities throughout the country. Social issues such as...more

McGlinchey Stafford

Federal Agencies Extend Moratoriums Through the End of 2020

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Two federal enterprises who purchase and securitize mortgages, Fannie Mae and Freddie Mac, along with three federal agencies who make, guarantee, and insure mortgage loans, the Department of Housing and Urban Development...more

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