COVID-19 Resources for the Mortgage IndustryWe are closely following the developments of COVID-19 and have created a resource page of informaton as it relates to the mortgage industry.
MBA NewsMBA Statement on Fed Announcement to Purchase Mortgage-Backed Securities - March 23, 2020
MBA Responds to Ongoing Spread and Impact of COVID-19 - March 17, 2020
FHFA/HUD Suspend Foreclosures/Evictions for 60 days - March 17, 2020
MBA ResourcesRemote Online Notorization (RON) Information
Commercial/Multifamily Specific COVID-19 Resources - including upcoming and recorded webinars
Bob Broeksmit, MBA President, Sends Letter About Recent COVID-19 Activities - including a podcast with HousingWire and Washington Post Article
COVID-19 Resources by State
Title, Closing and Recording Issues Related to COVID-19
FHFA ResourcesFHFA Authorizes the Enterprises to Support Additional Liquidity in the Second Mortgage Market - March 23, 2020
MBA Advocacy Action CenterCurrent Calls to Action
CohnReznick Coronavirus Resource Center
As companies navigate the challenges posed by coronavirus, accessing timely information is essential. Stay on top of breaking news, industry issues, and strategies for mitigating disruption.
Connect with the leading people and topics that affect your industry. Attend our live events, webinars, and discussion forums.
Consumer Financal Protection Bureau
CFPD COVID-19 Resources
Specific Consumer Resource Topics:
VIDEO: CARES Act Mortgage Forbearance: What You Need to Know
Guide to coronavirus mortgage relief options
What you need to know about student loans and the coronavirus pandemic
Beware of scams related to the coronavirus
Online and mobile banking tips for beginners
Mortgage Industry Standards Maintenance Organization (MISMO)
Freddie MaeCOVID-19 Response
MBS Highway - Barry Habib
The current coronavirus crisis is having a critical impact on the mortgage industry, which could potentially make the 2008 financial crisis pale in comparison. Lenders are being squeezed on multiple fronts and the Fed is trying to help, but their efforts are having unintended consequences that are exacerbating the situation. Read more in the article below by Barry Habib and Dan Habib from MBS Highway.
Mortgage Crisis and Fed Unintended Consequences
District of Columbia
State/Region Specific Resources
DC Act 23-286 - April 10, 2020
Link to PDF
Link to Web site (may experience significant delay in loading site)
Are You an Essential Employee?
The State of Maryland increases their state of emergency and others will likely follow. See below for how Homeland Security defines essential workforces and industries and how the mortgage industry falls under Financial Services.
Updates as of March 28, 2020: https://www.cisa.gov/sites/default/files/publications/CISA_Guidance_on_the_Essential_Critical_Infrastructure_Workforce_Version_2.0_Updated.pdf
How We Can Help Our CommunityMBA/MW supports and gives back to our community throughout the year. During this pandemic, it's more important than ever to help our community. Please see resources that we work with every year below if you have the ability to help them.
Opens Doors is pleased to announce that they have helped more than 5,000 families with mortgage and rental assistance since the launch of the Foundation's Home Grant Program in 2012! Founded in 2011, Opens Doors has helped families from 49 states, Guam, and the District of Columbia, and has granted over $7.2 million in housing assistance. Since first partnering with Children's National Medical System in Washington, D.C., in 2012, Opens Doors has expanded its hospital network to 12 children's hospitals across the country. The Foundation works with social workers at each of its network hospitals to identify families most in need of housing assistance.
In the unprecedented times we are currently facing, it is always a great to hear news like this! To check out all the great things Opens Doors is doing, please click here.
Women Giving Back Donations
Women Giving Back Amazon Wish List - Food Supplies