Pre-Googled w/ no results: "cares act" + "bankersonline" "foreclosure moratorium" + "bankersonline"
I realize this is a little late, so spare me the public shaming. While we did implement and monitor changes from the CARES Act, we did not institute a formal policy. I'm working on doing that now I'm looking for your help/opinions.
Using the attached as a guide: https://www.federalreserve.gov/supe...t_Exam%20Procedures_07.06.2020_final.pdf
I see that the three main categories are credit reporting, mortgage servicing (single family) and mortgage servicing (multifamily)Here is where I'm getting hungup. For the Temporary Foreclosure Moratorium- has that since expired? If so, what was the final expiration date? The best I can see is that enterprise loans expired on 6.30.21.
If any of you have adopted a similar policy and have some tips, I'd be happy to hear them. I don't want to steal your policy.