Indiana passed a bill modifying timing requirements with respect to the notification of a data breach. Under the bill, persons that own or license computerized
Indiana passed a bill permitting electronic foreclosure sales. Under the bill, a sheriff may now conduct a foreclosure sale electronically (in addition to conducting a
New York passed a bill amending the single point of contact requirement for borrowers pursuing a loan modification or other foreclosure prevention alternative in connection
New York passed a bill enacting provisions with respect to reverse cooperative apartment unit loans. The provisions apply to reverse mortgage loans secured by a
Indiana adopted a rule increasing the amount of the state’s homestead exemption. Per the rule adoption, the homestead exemption was increased to $22,750 (rather than
New Jersey passed a bill enacting foreclosed property registration program provisions. Under the bill, a municipality may adopt ordinances to create a property registration program
New York passed a bill authorizing electronic notarizations and establishing requirements for the performance of electronic notarizations. An electronic notarization is a notarial act performed
Louisiana adopted a rule authorizing remote online notarizations and establishing requirements for the performance of remote online notarizations. A remote online notarization is a notarial
New Jersey passed a bill expanding certification of diligent inquiry requirements in residential mortgage foreclosure actions. Under the bill, an attorney filing a foreclosure complaint
The New Jersey Department of Banking and Insurance issued a bulletin amending the high-cost home loan limit under the Home Ownership Security Act of 2002
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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