NAMFS June 2021 Newsletter
| Forbearance & Moratorium Update NAMFS anxiously awaits an update on the CFPB proposal which was to extend the foreclosure moratoriums through the end of 2021. NAMFS did submit our comments regarding this proposal before the May 10, 2021 deadline. To read the response, CLICK HERE. The current moratorium expiration date is June 30, 2021. These extensions concern federally backed mortgages. The forebearance moratoriums have been extended through September 30, 2021. Overall numbers of loans have steadily declined until the most recent week when they rose by 17K. NAMFS looks to provide our members with the most current information and if you have any questions please to reach out to us. We also encourage our members to review the following link which contains state specific information – COVID-19 Related Eviction and Foreclosure Orders/Guidance 50-State Tracker | Perkins Coie NAMFS 2021 Leadership Summit NAMFS held this annual event virtually in VirBELA due to the on-going Covid-19 pandemic on Tuesday, May 25, 2021. The event consisted of four (4) distinct issues: Application of Sales Tax, Outlook for the Distressed Mortgage Industry, NAMFS Defined Industry Standards including a Response to CFPB Moratorium Extension Proposal, and an Analysis & Discussion of Industry Pricing. The session on Application of Sales Tax was led by Charlie Tuttle of TTR, an Avalara Company. We then moved to the Industry Outlook, which was led by Daren Blomquist from Auction.com. Matt Zoldowski, NAMFS President, then moderated the sessions on NAMFS Defined Standards and Pricing. LEARN MORE 2021 NAMFS ANNUAL CONFERENCE – Virtual NAMFS has selected August 4, 11, 18 & 25, 2021 for our last all virtual event. We will follow the same format as our October 2020 event with the sessions starting at noon and running until 5pm EDST. We would like to thank our Xactware and Xome for their support as Co-Host Sponsors. They will each be presenting content at a session of their choosing. More information will be available on the Conference webpage! Get Involved! The Industry Solutions Committee has finalized the Industry Standard PCR. This Committee has moved on to pricing across inspections & preservation. A survey was sent out in May requesting information. If you are still interested in providing, please send an email to admin@namfs.org. $1,000 Scholarship for Students! Applications for 2021 James R. Duncan Memorial Scholarship are being accepted! The deadline for submission is July 31. The 2020 Scholarship recipient was Tess O’Donnell. Who Qualifies? Students that are family members of a NAMFS member company or sub-contractors working for NAMFS member organizations. UPCOMING NAMFS EVENTS 2021 NAMFS Virtual Conference – August 4, 11, 18 & 25, 2021 IN PERSON EVENT – THE NAMFS CONFERENCE FOR MORTGAGE FIELD SERVICES MARCH 15-16, 2022 |