Fannie Mae and Freddie Mac Release Updated Guidance to Lenders Amid COVID-19 Crisis
On April 8, 2020, the Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, released updated bulletins to provide additional guidance to lenders regarding temporary policies the entities have implemented in response to COVID-19.
- Mortgage originations, including requirements for remote online notarization (RON);
- Appraisals; and
- Quality control.
- Credit reporting requirements;
- Foreclosure moratorium;
- Bankruptcy motions for relief from automatic stay;
- Forbearance plans; and
- Quality right party contact (QRPC).
CATIC continues to follow developments in guidance provided by the GSEs to lenders and their real estate partners. Should you have any questions about these revised bulletins, please contact
, CATIC’s Chief Compliance Officer.