The Washington Department of Financial Institutions (Department) adopted rules amending the Consumer Lending Act (CLA). Under the adopted rules, the Department: clarified that master servicers
The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving certain fees under the Consumer Loan Act. Per the Department Letter, the
The Washington Department of Financial Institutions issued a Department Letter temporarily reducing the mortgage loan originator license renewal fee under the Mortgage Broker Practices Act.
Colorado passed a bill amending certain foreclosure provisions with respect to deeds of trust. The bill: modified the procedure for restarting a foreclosure when the
North Carolina passed a bill amending requirements regarding postponement of nonjudicial foreclosure sale. Under the bill, if a nonjudicial foreclosure sale is postponed, the foreclosing
Georgia adopted rules amending certain mortgage servicer standards for mortgage servicers licensed under the Residential Mortgage Act. Under the adopted rules, the mortgage servicer standards
Rhode Island passed a bill enacting the Uniform Law on Notarial Acts. The Uniform Law on Notarial Acts is modeled upon the Revised Uniform Law
Washington passed a bill amending the state’s foreclosure laws. Under the bill, a process is established that lenders and servicers may use to enter and
Arizona passed a bill amending security breach disclosure requirements. Under the bill, persons that own, maintain or license personal information must provide a security breach
Rhode Island passed a bill allowing documents to be electronically recorded pursuant to the Uniform Real Property Electronic Recording Act. The bill becomes effective July
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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