Fannie Mae revised the Puerto Rico Security Instrument Form (Form 3053) and the Texas Home Equity Security Instrument (Form 3044.1). The revision to the Puerto
Fannie Mae issued an update to Lender Letter LL-2021-03 to retire the temporary COVID-19 requirements related to employment verification for self-employed borrowers and to eligibility
Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice,
Fannie Mae issued Selling Guide Announcement SEL-2023-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated eligibility requirements for cash-out
Fannie Mae revised the Virginia Security Instrument Form (Form 3047). The revision to the Virginia Security Instrument removes the consideration amount and property value information
Fannie Mae corrected the Allowable Foreclosure Attorney Fees Exhibit. The correction to the Allowable Foreclosure Attorney Fees Exhibit corrects the Louisiana judicial foreclosure fee from
Fannie Mae issued a Servicing Notice (Notice), announcing the replacement index for legacy single-family LIBOR ARM loans. Per the Notice, the replacement index for legacy
Fannie Mae issued Servicing Guide Announcement SVC-2022-08 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: updated property, flood, and project
Fannie Mae issued Selling Guide Announcement SEL-2022-10 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated single-width manufactured home requirements
Fannie Mae issued Lender Letter LL-2022-07, providing information related to the Making Home Affordable Supplemental Directive 22-01 (Making Home Affordable Program-Revised Program End Date) issued
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
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