The Wyoming Division of Banking adopted rules amending license fees under the Uniform Consumer Credit Code. Under the adopted rules, the initial processing fee for
Virginia passed a bill amending provisions regarding foreclosed residential rental property. Under the bill, the foreclosure of residential rental property terminates the tenant’s rental agreement.
The New York Department of Financial Services (DFS) adopted rules requiring financial services institutions regulated by the DFS to maintain a cybersecurity program. Under the
Nevada adopted rules amending requirements under the Mortgage Broker Act. Under the adopted rules, mortgage brokers that service Nevada mortgage loans made or arranged by
Nevada adopted rules amending requirements under the Mortgage Banker Act. Under the adopted rules, mortgage bankers that service Nevada mortgage loans made or arranged by
Massachusetts adopted rules amending requirements with respect to the loan modification process for loans qualifying as “certain mortgage loans.” The adopted rules: remove all references
Washington adopted rules clarifying tangible net worth and liquidity requirements for mortgage loan servicers licensed under the Consumer Loan Act (CLA). Under the adopted rules,
Colorado adopted rules amending requirements under the Mortgage Loan Originator Licensing and Mortgage Company Registration Act (MLOLMCRA). Under the adopted rules, a mortgage loan originator
California passed a bill enacting foreclosure provisions with respect to successors in interest. Under the bill, if a person claiming to be a successor in
The Ohio Housing Finance Agency adopted forms for lenders and servicers participating in the D.O.L.L.A.R. deed program. The forms include: an application to participate in
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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