Arizona passed a bill decreasing license fees under the Mortgage Bankers Statute and the Mortgage Brokers Statute. Under the bill, the initial license fee for mortgage bankers is $1,000 (decreased from $1,500) and the initial license fee for mortgage brokers is $500 (decreased from $800). The bill becomes effective July 20, 2018.
See Arizona State Legislature website for the full text of the Statute:
https://apps.azleg.gov/BillStatus/GetDocumentPdf/462090
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RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
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