CMLA COVID-19 Updates

Information about the COVID-19 virus is changing rapidly and CMLA is committed to advocating on your behalf. We will use this page to provide updates on legislation and best practices to help you navigate the impacts of the virus to your business.

News and Updates

  • August 26th - FHFA Further Extends Buying Loans in Forbearance & COVID-Related Loan Processing Flexibilities. Read Press Release
  • August 25th - FHFA Delays Refinance Fee Implementation to December 1st. Read Press Release
  • August 25th - MBA: Share of Mortgage Loans in Forbearance Flat. Read Press Release
  • August 24th - MBA Chart of the Week: Mortgage Delinquency Rates. Read Press Release
  • August 13th - Call to Action: Urge FHFA and the GSEs to Withdraw Adverse Market Refinance Fee. Take Action
  • August 11th - Share of Mortgage Loans in Forbearance Decreases for 8th Straight Week. Read Press Release
  • August 11th - MBA Asks CFPB to Extend GSE ‘Patch’ Sunset. Read Press Release
  • August 11th - FHFA Announces Extension of GSEs' Ability to Purchase Loans in Forbearance. Read Press Release
  • July 31st - Board of Mortgage Loan Originator Rules, Effective January 1, 2021. Read Press Release
  • July 21st - Share of Mortgage Loans in Forebearance Falls for Fifth Straight Week. Read Press Release
  • July 7th - CFPB Ratifies Prior Regulatory Actions. Read Press Release
  • July 7th - Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%. Read Press Release
  • June 29th - Share of Mortgage Loans in Forbearance Decreases Slightly to 8.47%. Read Press Release
  • June 29th - Supreme Court Rules Independent CFPB Director Unconstitutional. Read Press Release
  • June 26th - Governor Polis Signs Colorado Remote Online Notary Bill (SB20-096) extending current emergency remote notary order and making Remote Online Notary available effective December 31, 2020.
  • June 23rd - CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships. Read Press Release
  • June 22nd - CFPB Takes Steps to Address GSE Patch. Read Press Release
  • June 17th - OCC Releases Statement on Preemption of State Law. Read Press Release
  • June 8th - Remote Online Notarization Bill is Passed Unanimously by Colorado Legislature. The legislation was sent to Governor Polis and is awaiting his signature. View Bill
  • June 4th - CFPB And State Regulators Provide Additional Guidance To Assist Borrowers Impacted By The COVID-19 Pandemic. Read Press Release
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  • May 21st - MBA's Mortgage Action Alliance (MAA) Announces a "Call to Action" to Require the GSEs and FHA to Purchase and Insure Loans in Early Forbearance. Take Action
  • May 13th - CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19.
  • May 13th - CFPB Issues Issues Clarifications to Support Small Business Applying for PPP Loans. Read Press Release
  • May 6th - The Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and USDA Rural Housing Service (RHS) released a fact sheet about CARES Act forbearances for servicers. Read Fact Sheet
  • April 30th - Governor Polis Extends Emergency Remote Notary Rules through May 2020 with "Safer at Home" Executive Order. Read Executive Order
  • April 29th - CFPB Announces Rule Interpretations to Help Consumers Obtain Access To Mortgage Credit More Quickly. Read Press Release
  • April 28th - MBA Announces New Consumer Information Website. Visit Website
  • April 28th - FHA Announces the Availability of a New Default Reason Code in the Single Family Default Monitoring System (SFDMS). Read FHA Announcement
  • April 27th - FHFA Announces "No Lump Sum Required at the End of Forbearance". Read Press Release
  • April 27th - Colorado Launches "Safer at Home" Information Website. Learn More
  • April 26th - Governor Polis Issues Executive Order on Safer at Home. Read Press Release
  • April 24th - Office of the Comptroller of the Currency (OCC) Reminds Banks That It Has Exclusive Visitorial Authority. Read OCC Bulletin
  • April 24th - MBA's Mortgage Action Alliance (MAA) Announces a "Call to Action" with the Real Estate Industry's Priorities for the Phase 4 Relief Package. Take Action
  • April 23rd - MERS Announces eNote Webinars. Learn More
  • April 22nd - Governor Polis Provides Clarification on the "Safer at Home" Policy. Read Press Release
  • April 21st - FHFA Addresses Servicer Liquidity Concerns with Four Month Advance Obligation Limit for Loans in Forbearance. Read Press Release
  • April 20th - Governor Polis Announces a New "Safer at Home" Policy. Read Press Release
  • April 17th - CMLA Reschedules "2020 CMLA Golf Classic" to October 2, 2020. Register Online
  • April 16th - CFPB Issues Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act. Read Press Release
  • April 15th - MERS Announces e-Notes Webcast on April 16th. Register Online
  • April 14th - Extended URLA Implementation Timeline. Read Press Release
  • April 8th - Fannie Mae and Freddie Mac release update to temporary servicing guidance related to COVID-19.
  • April 8th - MBA releases statement in response to comments by FHFA Director Calabria. Read Press Release
  • April 7th - Kim Woodock represents CMLA as a panelist for the Colorado BAR Association's "Challenges of Remote Closings in the Era of COVID-19" webinar. Access Recorded Webinar
  • April 3rd - CFPB releases video on how mortgage forbearance works under CARES Act. Read Press Release
  • April 2nd - HUD issues new CARES ACT Mortgage Relief for FHA Single Family Homeowners. Read Press Release
  • March 31st - FHFA authorizes loan processing flexibilities for Fannie Mae and Freddie Mac customers. Read Press Release.
  • March 30th - The Colorado Secretary of State's office enacted emergency rules for Remote Notarization. Read Press Release.
  • March 30th - CMLA President, Mathew Schulz, released an important video message about the COVID-19 pandemic. Watch Video.
  • March 28th - Governor Polis issues Executive Order to temporarily implement remote notarization in Colorado. Read Press Release.
  • March 27th - CMLA issues a COVID-19 Update with important industry updates.
  • March 27th - MBA announces the passage of the federal CARES Act stimulus bill in the House of Representatives and its impact to the mortgage industry.
  • March 26th - Land Title Association of Colorado (LTAC) recommends title companies order their tax certificates earlier in the process than they have in the past due to partial closures of County offices. View status of county offices.
  • March 26th - CFPB Provides Flexibility During COVID-19 Pandemic
  • March 26th - MBA provides an update on the federal stimulus bill's impact to the mortgage industry.
  • March 26th - CMLA issues a COVID-19 Update in response to the updated "Stay at Home" order.
  • March 26th - Governor Polis releases an update to the Stay at Home order, which includes "Real Estate Appraisers and Transactions" in the list of essential services.
  • March 26th - CMLA issues a COVID-19 Update.
  • March 25th - Governor Polis issues a statewide "Stay at Home" order.
  • March 25th - MAA issues a Call to Action to Representatives for the federal Remote Online Notary legislation.
  • March 20th - MAA issues a Call to Action to Senators for the federal Remote Online Notary legislation.
  • March 17th - CMLA issues a COVID-19 Update.
  • March 10th - Governor Polis declares a state of emergency in response to COVID-19.

Industry Resources

CMLA Events

We are monitoring the impact of the virus on future events and will continue to provide updates as soon as they are available. Please visit our upcoming events page for more information about events that are not currently impacted by the virus.

Events Impacted by COVID-19
  • June 5th - 2020 Golf Classic Rescheduled for October 2, 2020. Register Online
  • April 9th - 2020 CMLA Mortgage Expo (Cancelled)
  • March 18th - Denver No Excuses Workshop (Rescheduling in Fall 2020)