Michigan passed a bill repealing the requirement that a mortgage state the marital status of any male mortgagors. Currently, a written instrument mortgaging real estate
Nevada passed a bill establishing protections for military servicemembers facing foreclosure. Under the bill, a lender or servicer may not initiate a foreclosure against a
Vermont passed a bill amending escrow account requirements with respect to mortgage loans secured by residential real property occupied by the borrower. Under the bill,
Oregon passed a bill requiring mortgage lenders and servicers licensed under the Mortgage Lender Law (MLL) to provide an annual “notice of responsibility for property
Oregon passed a bill repealing the requirement that a lender or servicer submit a Foreclosure Avoidance Measure Notice to the Department of Justice. Under Oregon’s
Texas passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is a notarial
Washington passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Colorado passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Georgia passed a bill increasing the required surety bond amount for mortgage lenders and brokers licensed under the Residential Mortgage Act. Under the bill, the
Georgia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
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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