Important Mortgage Updates Related to COVID-19
Updated 4-1-2020
The mortgage industry has seen rapid changes since the start of the COVID-19 outbreak including important areas such as interest rates, lending guidelines & program restrictions.
Please bookmark this page & stop back regularly to stay updated.
Here are important updates for our borrowers & referral partners related to COVID-19 as of 3-21-2020:
STRATMOR's comprehensive Insights Report has continual updates about what lenders are doing.
Other Important Industry Sites & Links:
Mortgage Bankers Association (MBA) Coronavirus (COVID-19) Resources
FHA Updates on Employment & Appraisal Guidelines
The FHA has updated "Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19".
Click here to read the pdf version of the Mortgagee Letter dated March 27, 2020.