Order of the Chief Justice of the Supreme Court of North Carolina – December 14

To: MTG Clients From: John P. Fetner, Managing NC Attorney Date: December 15, 2020 Re: Order of the Chief Justice of the Supreme Court of North Carolina – December 14 Summary: On December 14, 2020, the Chief Justice of North Carolina issued a new order affecting residential evictions, foreclosures, and general litigation in North Carolina. [...]

2021-01-13T12:55:33-05:00January 13th, 2021||

FHFA Extends Foreclosure and REO Eviction Moratoriums

FHFA Extends Foreclosure and REO Eviction Moratoriums Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties FOR IMMEDIATE RELEASE 8/27/2020 ​​Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac [...]

2020-10-12T13:59:47-04:00August 29th, 2020||

Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency

Date: August 27, 2020 Mortgagee Letter 2020-27 To: All FHA-Approved Mortgagees All Direct Endorsement Underwriters All Eligible Submission Sources for Condominium Project Approvals All FHA Roster Appraisers All FHA-Approved 203(k) Consultants All HUD-Approved Housing Counselors All HUD-Approved Nonprofit Organizations All Governmental Entity Participants All Real Estate Brokers All Closing Agents Subject Extension of Foreclosure and [...]

2020-10-12T14:00:01-04:00August 29th, 2020||

Extended Foreclosure Moratorium for Borrowers Affected by COVID-19

1. Background and Purpose. On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), Public Law 116-136. The CARES Act protects borrowers with Federally backed mortgage loans who are experiencing financial hardship due to the COVID-19 national emergency. The purpose of this Circular is to [...]

2020-10-12T14:00:08-04:00August 29th, 2020||

Florida Foreclosure and Eviction Moratoriums

Quick Summary: In Florida, there is currently a moratorium in place regarding the filing and prosecution of mortgage foreclosure and residential eviction actions relating solely to non-payment of rent. As of the date of this memo, the current moratorium is set to expire at 12:01 a.m. on August 1, 2020. Governor Executive Order No. 20-94 [...]

2020-10-12T14:01:40-04:00July 19th, 2020||

Extension of Foreclosure and Eviction Moratorium in connection with the Presidentially-Declared COVID-19 National Emergency

Date: June 17, 2020 Mortgagee Letter 2020-19 To: All FHA-Approved Mortgagees All Direct Endorsement Underwriters All Eligible Submission Sources for Condominium Project Approvals All FHA Roster Appraisers All FHA-Approved 203(k) Consultants All HUD-Approved Housing Counselors All HUD-Approved Nonprofit Organizations All Governmental Entity Participants All Real Estate Brokers All Closing Agents Subject Extension of Foreclosure and [...]

2020-10-12T14:00:15-04:00June 23rd, 2020||

CARES Act Section 4024

H. R. 748—212 is 30 days after the date on which the borrower provides the tenant with a notice to vacate; and (2) may not issue a notice to vacate under paragraph (1) until after the expiration of the forbearance. (f) DEFINITIONS.—In this section: (1) APPLICABLE PROPERTY.—The term ‘‘applicable property’’, with respect to a Federally [...]

2020-10-12T14:08:04-04:00June 23rd, 2020||
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