Legal Update

Apr 8, 2020

Webinar Recording: Navigating the Residential Mortgage Landscape During COVID-19: What Lenders and Servicers Should Know About the CARES Act

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 With the world in the grip of a global pandemic, residential mortgage lenders and servicers are facing a myriad of issues. This webinar addresses the CARES Act and its implications on the residential mortgage market, including best practices and considerations for the near future.

Topics covered include:

  • An overview of mortgage-related CARES Act provisions
  • A breakdown of the credit protection available to consumers under the CARES Act, including changes to credit reporting
  • Information about forbearances under CARES Act
  • Status of foreclosures and evictions under CARES Act
  • Who is protected by the moratoriums? What do the moratoriums prohibit, and how will they be enforced?
  • State foreclosure and eviction moratoriums, including pending state legislation
  • How many residential mortgages are affected?
  • What about the missed payments?
  • What happens after the forbearance period expires?
  • Tips for compliance and risk-avoidance

This recording is eligible for CLE credit in CA, IL, NY, and NJ. Credit is pending in TX.  All other jurisdictions will be applied for as requested, but please note that not all states allow for distance learning so some states will be ineligible. To request CLE credit, fill out this form and return it to CLE@seyfarth.com.  If you have questions about jurisdictions, please email CLE@seyfarth.com. CLE credit for this recording expires on 4/7/2021.