Blog Posts in COVID-19

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  • COVID  --  mortgages coming out of forbearance  --  new regulation
    COVID -- mortgages coming out of forbearance -- new regulation

    FOR IMMEDIATE RELEASE June 28, 2021 MEDIA CONTACT: Office of Communications Tel: (202) 435-7170 CFPB Issues Rules to Facilitate Smooth Transition as Federal Foreclosure Protections Expire Regulations ...

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  • Problems with forbearances or payment arrangements upon transfer of mortgage loan to new servicer
    Problems with forbearances or payment arrangements upon transfer of mortgage loan to new servicer

    We have encountered a number of complaints that mortgage loan borrowers received forbearances, deferrals or other arrangements, usually as a result of COVID-19, and that during or at the end of the ...

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  • CFPB Finalizes COVID-19 Mortgage Rules
    CFPB Finalizes COVID-19 Mortgage Rules

    On June 28, 2021, the Consumer Financial Protection Bureau issued its Final Rule amending Regulation X to provide significant foreclosure protections to borrowers. The Final Rule only applies to ...

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  • Illinois extension of garnishment restrictions
    Illinois extension of garnishment restrictions

    Illinois Gov. J.B. Pritzker has again extended Executive Order 2020-25, which suspends the issuance of garnishment, wage deductions and post-judgment citations to discover assets. Per the extension, ...

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  • Weekly credit reports extended
    Weekly credit reports extended

    The CDIA and the Big Three credit bureaus (Equifax, Experian, Trans Union) announced they are extending free weekly credit reports at www.annualcreditreport.com for an additional year until April 20, ...

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  • Additional COVID mortgage relief
    Additional COVID mortgage relief

    The Federal Housing Finance Authority announced today that borrower on Fannie Mae and Freddie Mac owned/ backed loans will get an additional 3 months of forbearance, for a total of 18 months.

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