New Jersey passed a bill amending the Residential Mortgage Lending Act (RMLA). The bill: adds several definitions to the RMLA; permits depository institutions to register
Pennsylvania passed a bill enacting the Vacant and Abandoned Real Estate Foreclosure Act (Act). The Act permits lenders and servicers to utilize an expedited foreclosure
Connecticut passed a bill amending the Mortgage Servicers Act. Under the bill, licensed activity may only be conducted from an office located in a state
Connecticut passed a bill amending the Nondepository Mortgage Lenders and Brokers Act. Under the bill, licensed activity may only be conducted from an office located
Connecticut passed a bill requiring counseling in connection with reverse annuity mortgage loans. Under the bill, mortgage lenders and brokers (including state or federally chartered
Maryland passed a bill authorizing the escrow of funds for the payment of water and sewer facilities assessments. Under the bill, a lending institution making
The North Carolina Commissioner of Banks (Commissioner) readopted and amended rules under the Secure and Fair Enforcement Mortgage Licensing Act and the Reverse Mortgage Act.
The Vermont Banking Division (Division) adopted rules amending commitment letter requirements with respect to mortgage loans. Per the adopted rules, the Division: amended the content
Delaware passed a bill requiring mortgagees and assignees to file a Statement of Mortgagee Address Change (Statement) within 60 days of a change in address.
Colorado passed a bill amending security breach disclosure requirements. Under the bill, covered entities (persons that own, maintain or license personal information) must provide a
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
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
