CSBS

The statement from the five agencies, including the Federal Reserve, said short-term loan modifications can include payment deferrals, fee waivers, extensions of repayment terms and other insignificant payment delays.
March 22, 2020 6:49 PM

Accommodations for borrowers affected by the coronavirus pandemic, such as payment delays and fee waivers, are "positive and proactive actions that can manage or mitigate adverse impacts," the regulators said.

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Bonnie Sinnock
March 13, 2020 6:38 PM

The Conference of State Bank Supervisors on Friday launched a centralized link to state websites highlighting information relevant to business continuity plans for licensed mortgage loan officers.

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Federal Reserve building.
March 9, 2020 4:56 PM

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners.

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