Washington Department of Financial Institutions Temporarily Reduces Mortgage Loan Originator License Renewal Fee under Mortgage Broker Practices Act The Washington Department of Financial Institutions issued
North Dakota passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is defined
North Dakota passed a bill amending “notice of default” requirements under the judicial foreclosure process. Under the bill, a lender or servicer is not required
Indiana passed a bill repealing and reenacting the Loan Brokers Act (LBA). Under the bill, loan processor companies must submit a “notice filing” to the
Indiana passed a bill increasing the permissible late fee that may be assessed under the Uniform Consumer Credit Code. Under the bill, a late fee
Delaware passed a bill extending the sunset date of the Automatic Residential Mortgage Foreclosure Mediation Program (Program) for an additional 5 years. Under the bill,
South Dakota passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is defined
Arkansas passed a bill amending security breach disclosure requirements. Under the bill, a person or business that owns or licenses (“owner or licensee”) personal information
New Jersey passed a bill requiring additional information to be provided with the foreclosure summons and complaint, and the “notice of the pendency of the
New Jersey passed a bill amending timing and content requirements with respect to the “notice of intention to foreclose” (Notice). Under the bill, a foreclosing
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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