Loan Modifications

1 min read

Heroes Act Throws a Bone to Collectors Financially Affected by Forbearances

May 14, 2020 Cucolle1

Sorry Repo Industry, No bone for you! While everyone in the collections and repossession...

1 min read

Proposed California Bill Would Create Repossession, Foreclosure and Collections Moratorium

May 13, 2020 Cucolle1

Mimics many major elements of the recent Congressional stimulus relief “Heroes Act” On May...

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NCUA Proposes FASB Guidance for Working with Borrowers Affected by the COVID-19 Pandemic and CECL Exemption

May 4, 2020 Cucolle1

In an April 30 letter, National Credit Union Administration (NCUA) Chairman Rodney E. Hood...

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Credit Unions Impacted by CARES Act Forbearances Seek Relief

April 21, 2020 Cucolle1

Members of NAFCU’s Regulatory Affairs team Friday shared credit union concerns and issues related...

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Loan Extensions, Deferrals and Modifications in the Shadow of COVID-19

April 9, 2020 Cucolle1

Live Webinar April 16, 2020 10:00 PDT | 11:00 MDT 12:00 CDT | 1:00...

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NAFCU Advice on Mortgage Loan Modifications After Forbearance

April 2, 2020 Cucolle1

The other day, we blogged about mortgage loan forbearance and the requirements under the Coronavirus...

3 min read

Understaffed Credit Union Collections Departments Overwhelmed with Deferment Requests

March 31, 2020 Cucolle1

EDITORIAL Amid the unprecedented crippling economic lockdown, the calls by the many members seeking...

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Regulators Ease Restrictions on Loan Modifications During COVID-19 Pandemic

March 23, 2020 Cucolle1

On March 22, 2020, an Interagency statement, which includes every national financial services regulating...

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NCUA and FDIC Memos Advocate Liberal Loan Modification Underwriting

March 18, 2020 Cucolle1

In response to the current COVID19 Pandemic, lenders nationwide are recognizing the sweeping impact...

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NCUA Memo Advocates Liberal Loan Modification Underwriting

March 17, 2020 Cucolle1

In response to the current COVID19 Pandemic, the NCUA issued a memo on Monday,...

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Rescheduling Foreclosure Sales Under Reg X

February 10, 2020 Cucolle1

In a new post on the NAFCU Compliance Blog, Regulatory Compliance Counsel David Park...

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Wells Fargo Claims Computer Glitch Caused Hundreds of Wrongful Foreclosures

December 7, 2018 Cucolle1

4 December 2018 – Wells Fargo says a computer glitch is partly to blame...

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Credit Union VP Allegedly Aided in $4M in Loan Fraud

July 18, 2018 Cucolle1

Pittsfield, MA – 17 July 2018 – Charges filed against a credit union commercial...