WMBA/MBA Coronavirus (COVID-19) Updates
CFPB News Release from April 3rd 2:13 PM, ET;
Consumer Financial Protection Bureau (CFPB) MEDIA ADVISORY: CONSUMER FINANCIAL PROTECTION BUREAU RELEASES VIDEO ON HOW MORTGAGE FORBEARANCE WORKS UNDER CARES ACT MEDIA ADVISORY CFPB 04032020
- 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
MBA Update from April 2nd 10:30 AM, ET;
HUD press release and mortgagee letter: “FHA’s Loss Mitigation Options for Single Family Borrowers Affected by the Presidentially-Declared COVID-19 National Emergency in Accordance with the CARES Act.”
Press Release: www.hud.gov/press/press_releases_media_advisories/…
Mortgagee Letter: www.hud.gov/sites/dfiles/OCHCO/documents/…
WMBA Update from March 31st 5:02 PM, PT;
Inslee and DFI announce assistance for homeowners unable to make mortgage payments Inslee DFI News Release
WMBA Update from March 31st 10:55 AM, PT;
New email from Robert Lipston, President of WMBA. Residential Construction, Builders and business partners – Calling for your assistance. CLICK HERE FOR FULL EMAIL
WMBA Update from March 27th;
Governor Inslee’s office has updated essential activities. Memo- Real Estate and Mortgage Guidance – Stay Home, Stay Healthy Proclamation (20-25)
MBA Update from March 24th at 1:03 PM, ET;
Find out the latest updates from MBA regarding: (MLOs) Work from home – Request real estate finance industry be deemed an “essential service” in your state. – Mortgage Action Alliance – (RON) remote online notarization – COVID-19 Webinar Briefings lead by President and CEO Bob Broeksmit, CMB
Click HERE to see full letter with all the links to more information from William Kooper, MPA | Vice President of State Government Affairs and Industry Relations | Mortgage Bankers Association| Washington, DC
WMBA Update from March 23rd at 8:39 PM, PT;
Hot off the press information from WMBA President Robert Lipston regarding Washington’s Governor Jay Inslee Proclamation Stay Home – Stay Healthy
WMBA Update from March 20th at 1:18 PM, PT;
DFI Issuing Guidance Today, read more from WMBA President Robert Lipston; Click LINK
- MBA Coronavirus (COIVD-19) Resources
- Article, Podcast and Message from Bob Broeksmit, CMB | President & CEO, Mortgage Bankers Association
MBA Update from March 20th at 4:45 PM, ET:
MBA’s President and CEO Bob Broeksmit sent a letter to members today providing an update on recent MBA activities around the coronavirus. See the letter here.
MBA Update from March 19th at 5:45 PM, ET:
Out of continued concern for the health and well-being of our members, attendees and staff and following the recommendation from the Centers for Disease Control and Prevention to cancel/postpone events of more than 50 people, MBA has made the decision to cancel the Legal Issues and Regulatory Compliance Conference, Commercial/Multifamily Servicing and Technology Conference, and the Secondary and Capital Markets Conference and Expo.
MBA Update from March 18th; New information released from Fannie Mae
- Fannie Mae Assistance Options for Homeowners Impacted by COVID-19
- Fannie Mae COVID-19 Lender Letter
- Fannie Mae Release_COVID19_Assistance Options_031820_FINAL
WMBA Update from March 17th at 1:35 PM, PT:
We continue to receive great information from the City of Seattle with local resources and links. VIEW full VisitSeattle.org Email
- King County –King County Executive Dow Constantine and Health Officer Jeff Duchin issued Local Health Order aligned with Governor Inslee’s public health actions effective, March 16.
- City of Seattle – Suspension of Permitted Events
To prevent the further spread of COVID-19, Seattle Mayor Jenny Durkan has suspended all permitted events, effective March 16 until at least April 13, pending updated public health guidance. These include farmers markets, cultural events, and street events like block parties.
- Washington State
City of Seattle
- Immediate financial relief through B&O and utility deferred payment plans
- Investing $1.5 million in small businesses financially impacted by the pandemic
- COVID-19 Small Business Recovery Task Force to ensure policy solutions are responsive to community needs
- Last week, the mayor announced a $1.5 million City of Seattle fund to invest directly in small businesses financially impacted by COVID-19. Eligible small businesses will receive a grant of up to $10,000 to mitigate revenue lost by COVID-19. Seattle Small Business Stabilization Fund
MBA Update from March 16th at 10:45 AM, ET:
Out of concern for the health and well-being of our members, attendees and staff and following the recommendation from the Centers for Disease Control and Prevention to cancel/postpone events of more than 50 people, MBA has made the decision to cancel the National Advocacy Conference and State & Local Workshop.
MBA Update from March 11th at 5:15 PM, ET:
MBA has created a resource page to assist our member companies as they plan and prepare for the potential impact of the coronavirus disease. The resource center features information from the health/disease control agencies, recommended business continuity plans, relevant information from financial regulatory agencies, as well as guidance on how companies should communicate with employees, their customers and the public. To see the full list of resources, click here.
MBA Update from March 11th at 4:00 PM, ET:
In light of ongoing concerns about, and the impact of, the coronavirus, we have decided to postpone our CREF CONNECTS Networking Reception scheduled for April 2 in Atlanta, and our Capital Markets Summit, April 23 in New York City. We will work to reschedule these events and hope to be able to announce new dates in the near future.
MBA Update from March 11th at 1:15 PM, ET:
MBA is bringing together a panel of industry leaders, representing varying companies and capital sources, for our complimentary Coronavirus: Treasuries and Commercial Real Estate webinar on Thursday, March 12 to get answers and insights on the business and market implications of the coronavirus (COVID-19). To register, MBA members may click here.
WMBA update from March 11th at 10:00 AM, PT;
This morning, Governor Jay Inslee, along with the county executives from King, Pierce, and Snohomish counties and the mayors of Seattle, Tacoma, and Everett, are announcing new community strategies and social distancing guidelines to slow the spread of the novel coronavirus in our region.
You can livestream the press conference, scheduled for 10:15 AM today here.
You can see a simple chart from Washington’s Employment Security Department describing available benefits for various COVID-19 scenarios here.
WMBA update from March 6th at 1:50 PM, PT;
As you can imagine, we have been monitoring things in and around Seattle area and taking to heart the recommendation from Gov. Inslee’s office to keep safe. The Executive Board has made the decision to cancel our March 17th Dinner Meeting.
Seattle Area Resources
- Public Health – Seattle & King County
- CDC Printable Fact Sheet
- Washington State Department of Health
MBA Update from March 5th at 5:15 PM, ET:
In an abundance of care for our members, conference attendees and staff, we have made the difficult decision to cancel our Technology Solutions Conference & Expo planned in Los Angeles, CA from March 29-April 1. We made this decision in light of the continued uncertainties about the coronavirus (COVID-19), and the recent state of emergency declared for both the State of California and the County of Los Angeles. Learn more.
MBA Update from March 4th at 10:00 PM, ET:
MBA is closely following the spread and impact of coronavirus (COVID-19) within the context of a large number of upcoming MBA conferences, meetings and MBA Education events. Rest assured that the health and safety of our members, students, and attendees is our top priority.
MBA is actively monitoring the latest information on the coronavirus from global, federal and local health authorities, including the World Health Organization (WHO) and the U.S. Centers for Disease Control and Prevention (CDC).
A few resources we have found helpful include:
- Daily Situation Report from the WHO
- Coronavirus Disease 2019 (CDC)
- Prevention and Treatment (CDC)
- Information for Travel (CDC)
We are working with our host venues to ensure that all proper safety precautions are in place, including:
- Increasing active disinfection efforts in common areas;
- Encouraging participants to adopt a “touch-free” event experience;
- Promoting awareness around safe hand-washing practices.
We continue to monitor events and information from public health authorities and will update our schedule and policy as events warrant.