RESOURCES
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- New York: What You Need to Know Includes Reopening Phases and Travel Information
- NY Passes The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (12/28/2020) (extends moratorium on evictions and foreclosures due to COVID-19 financial hardships until May 1, 2021)
- CDC Extends Temporary Halt in Evictions to 6/30/2021
- FHFA Extends Moratorium on Foreclosures and REO Evictions thru June 30, 2021 (exempts V&A properties), Extending Mortgage Payment Forbearances, and Payment Deferrals (2/25/2021)
- FHFA Extends COVID-19 Multifamily Forbearance through June 30, 2021
- FHFA: Temporary Policy Allowing Purchase of Qualified Loans in Forbearance Extended to December 31, 2020 (11/12/2020)
- FHFA Extends COVID-19 Flexibilities to March 31, 2021
- Forbearance Fact Sheet for Government Loans in the CARES Act
- USDA Extention of Foreclosure & Eviction Moratorium to March 31, 2021 (exempts V&A properties)
- USDA FAQs in Relation to COVID-19 Pandemic (Updated 9/15/2020)
- FHA COVID-19 FAQ (Rev. 8/27/2020)
- HUD Mortgagee Letter 2021-03 Extends Moratorium on Foreclosures and Evictions thru March 31,2021
- HUD Mortgagee Letter 2020-44 (12/17/2020)
- HUD Mortgagee Letter 2020-43 (12/17/2020)
- HUD Mortgagee Letter 2020-34 (10/20/2020)
- HUD Mortgagee Letter 2020-30 (9/10/2020)
- HUD Mortgagee Letter 2020-28 (8/28/2020)
- HUD Mortgagee Letter 2020-27 (8/27/2020)
- HUD Mortgagee Letter 2020-25 (7/31/2020)
- HUD Mortgagee Letter 2020-24 (7/29/2020)
- HUD Mortgagee Letter 2020-23 (7/28/2020)
- HUD Mortgagee Letter 2020-22 (7/8/2020)
- HUD Mortgagee Letter 2020-21 (7/7/2020)
- HUD Mortgagee Letter 2020-20 (6/29/2020)
- HUD Mortgagee Letter 2020-19 (6/17/2020)
- HUD Mortgagee Letter 2020-16 (6/4/2020)
- HUD Mortgagee Letter 2020-14 (5/14/2020)
- HUD Mortgagee Letter 2020-13 (5/14/2020)
- HUD Mortgagee Letter 2020-09 CARES Act Forbearance (4/10/2020)
- HUD Mortgagee Letter 2020-08 (4/6/2020) Supplemental Claims Accepted Electronically
- HUD Mortgagee Letter 2020-07 (4/6/2020) HECM Electronic Endorsement Submission
- HUD Mortgagee Letter 2020-06 on COVID-19 Forbearance Guidance (4/1/ 2020)
- HUD Mortgagee Letter 2020-5 COVID-19 Re-verification of employment, appraisal options (3/27/2020)
- HUD’s Notice on CARES Act & Mortgage Payment Relief (4/1/ 2020)
- VA Extends Foreclosure and Eviction Moratorium to March 31,2021–Circular 26-21-20 (1/29/2021)
- VA Loans during COVID-19
- Ginnie Mae All Participant Memorandum 20-03 (4/10/2020) Availability of Pass-Through Assistance Program for Participants in Ginnie Mae’s Single-Family MBS Program
- CFPB Emergency Access to Mortgage Credit in COVID-19 (4/29/2020)
- CFPB Message to Consumers on CARES Act Mortgage Forbearance
- CFPB’s CARES Act Resource Page
- FHFA Announces Fannie and Freddie mortgage payment deferral program (5/13/2020)
- FHFA Announcement: “No Lump Sum Required” at end of Forbearance (4/27/2020)
- FHFA Announcement to Purchase Loans in Forbearance (4/22/2020)
- FHFA Addresses Servicer Liquidity Concerns, Announces Four Month Advance Obligation Limit for Loans in Forbearance (4/21/2020)
- FHFA Authorizes Loan Processing Flexibilities for GSEs (3/31/2020)
- Fannie Mae LL 2021-07 COVID-19 Payment Deferral (2/10/2021)
- Fannie Mae’s Digital Took Kit-Resources for Homeowners & Renters (8/5/2020)
- Fannie Mae: COVID-19 FAQs (Updated 11/6/2020)
- Fannie Mae: Understand your COVID-19 Mortgage Options (5/13/2020)
- Fannie Mae COVID-19 Forbearance Script (4/15/2020)
- Fannie Mae Lender Letter 2020-03 -Sellers Guidance on Originations (Updated 5/28/2020)
- Fannie Mae Lender Letter 2020-04 -Sellers Guidance on Appraisals (Updated 5/28/2020)
- Fannie Mae Scenarios, Reps & Warranties: Loans in Forbearance (4/22/2020)
- Fannie Mae Lender Letter 2020-06 Sellers Guidance (Updated 5/19/2020)
- Fannie Mae Appraisal Flexibilities Resources
- Fannie Mae Lender Letter 2020-02-Servicing Guidance (Updated 6/10/2020)
- Fannie Mae COVID-19 Update Page (Updated 6/2/2020)
- Freddie Mac: Lump sum payment not required in Forbearance (5/13/2020)
- Freddie Mac Bulletin 2021-6 Payment Deferral & Forebearance Plans (2/10/2021)
- Freddie Mac COVID-19 Payment Deferral Bulletin 2020-15 (5/13/2020)
- Freddie Mac COVID-19 Forbearance Script (Updated 5/28/2020)
- Freddie Mac Bulletin 2020-11 Temporary Selling Guidance (4/14/2020)
- Freddie Mac Servicing Bulletin 2020-10 Temporary Servicing Guidance (4/8/2020)
- Freddie Mac Bulletin 2020-8 (Effective 3/31/2020) RON
- NYS Regulation Part 119: Emergency Financial Relief for New Yorkers During COVID-19
- Joint Statement from Federal & State Regulators on Servicing during COVID-19 (4/3/2020)
- Appraisers, Realtors & Home Inspectors are deemed Essential Services in New York ( 4/1/2020)
- County Clerk Offices and Recording Limitations Source: New York State Land Title Association
New York Department of Financial Services–Industry Letters
Guidance & List of Essential Services by New York ESD Ref. EO 202.6 (Updated 10/23/2020)
Industry related Executive Orders issued by Governor Cuomo re: COVID-19
202.92 Remote electronic Notarization (Original EO 202.7) is extended until February 26, 2021
202.81 Moratorium on Commercial Foreclosures & Evictions Extended to January 31, 2021
- 202.72 Time to answer pending summary eviction proceeding for non-payment of rent from Nov. 3rd is 60 days
202.70 Moratorium on Commercial Foreclosures & Evictions Extended to January 1, 2021
202.67 Tolls Statute of Limitations until Nov. 3rd **Not Extended Past 11/3**
202.66 Residential Tenants who experienced financial hardships due to COVID are protected from eviction through Jan. 1, 2021
202.57 Moratorium on Commercial Tenant Evictions & Commercial foreclosures extended to September 20, 2020
Judge Marks’ Memo: Revised Procedure for Addressing Residential and Commercial Eviction Proceedings (8/12/2020)
202.48 Lifted the prohibition of initiation or enforcement of residential mortgage foreclosures and evictions
202.22 Real Property Tax Law related issues
202.18 Electronic meetings for non-profits; Condominiums in 1st year of operation; Extension of previous EOs to May 15, 2020
202.16 No Action/No Filing letters for affordable housing and homeless shelters
202.14 Increase in fines for non-compliance of social distancing directive
202.13 Certain construction is exempt from in-person; Modification of Section 576 of the Banking Law
202.12 Election & Health Issues
202.9 Mortgage Forbearance
202.8 Reduce in-person workforce to 100%; Limited Court actions
202.7 Reduce in-person workforce to 75%; Allow Electronic Notarization
202.6 Reduce in-person workforce to 50%; Essential Services identified by ESD (updated 5/19/2020)
MBA’s COVID-19 Resource Page