Posts tagged Mortgage Loans.
Among a myriad of disruptions to the economy caused by the COVID-19 pandemic, mortgage lenders and servicers are working to adapt to new moratoriums and regulations affecting residential mortgage loans.
First, pursuant to a March 18, 2020 order by the Federal Housing Finance Agency and the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) signed into law by President Trump, servicers of federally-backed mortgage loans are prohibited from initiating any judicial or non-judicial foreclosure process, moving for the entry of a foreclosure judgment or an order ...