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Kramer Levin Naftalis & Frankel LLP
On March 22, 2020, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (the NCUA)
Reinhart Boerner Van Deuren s.c.
Given the outbreak of COVID-19, state regulatory agencies have been very active in providing guidance regarding consumer finance companies.
Pryor Cashman LLP
Federal and state banking agencies have responded to the COVID-19 pandemic by issuing guidance to regulated entities on a variety of topics...
Pryor Cashman LLP
As Americans are encouraged or directed to stay in their homes due to the COVID-19 pandemic, and as economic dislocation and disruption spreads...
Reinhart Boerner Van Deuren s.c.
Wisconsin law requires persons signing deeds, easements, mortgages and any other real estate instrument that will be recorded to "appear[] before"
Sheppard Mullin Richter & Hampton
On the evening of March 19, 2020, the Governor of California issued an order which requires all individuals living in the State to stay home or in their place of residence, ...
Kramer Levin Naftalis & Frankel LLP
On March 21, 2020, New York Gov. Andrew Cuomo issued Executive Order No. 202.9, pursuant to his broad emergency powers to temporarily suspend or modify statutes,...
Sheppard Mullin Richter & Hampton
The announcement last week by Freddie Mac, Fannie Mae and other agencies that they will provide mortgage loan forbearance arrangements for up to 6 months,...
Pryor Cashman LLP
It is clear that secured creditors -- both in the consumer and commercial context -- will face a variety of monetary and non-monetary defaults as a result of the effects of the COVID-19 pandemic.
Mayer Brown
Significantly the Emergency Regulation applies only to residential (not commercial) mortgage loans.
Mayer Brown
The next test for mortgage finance companies licensed through the NMLS is the requirement of a number of states to provide financial statements through the NMLS within 90 days of the licensee's fiscal year end.
Pearl Cohen Zedek Latzer Baratz
On March 19th, Senate Majority Leader Mitch McConnell Introduced the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), ...
STA Law Firm
The Real Estate Settlement Procedures Act of 1974 (hereinafter "RESPA") came into effect since June 20, 1975. The law is bulky and a code into web of accountability all the parties to the real ...
Shipman & Goodwin LLP
On Friday, the president signed the COVID-19 aid, relief and economic stimulus package known as the CARES Act providing a $2 trillion stimulus package which includes $349 billion allocated to small businesses, ...
Mayer Brown
Disruptions caused by the unfolding COVID-19 pandemic have the potential to trigger sharply increased delinquencies on consumer debt.
Holland & Knight
The Federal Housing Finance Agency (FHFA) took action on March 23, 2020, to address the impacts felt by some commercial real estate investors from the COVID-19 crisis.
Mayer Brown
In response to the significant developments regarding COVID-19, on March 14, 2020, the US Department of Housing and Urban Development issued a temporary waiver of its face-to-face interview requirement ...
Shearman & Sterling LLP
The New York Department of Financial Services ("NYDFS") promulgated regulations ("Part 119") on March 24, 2020, to provide financial relief to individuals who can demonstrate a financial hardship...
Mayer Brown
Last week, in a blog entitled "Coronavirus Hits Home," we informed you that we had contacted the Conference of State Bank Supervisors ("CSBS") ...
Mayer Brown
When should a basketball-like "no harm, no foul" rule apply to the long litany of loan-level representations, warranties or certifications made in connection with the insuring,...
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