Hawaii Amends Secure and Fair Enforcement for Mortgage Licensing Act and Mortgage Servicers Act Hawaii passed a bill amending the Secure and Fair Enforcement for
Georgia adopted rules repealing the mortgage broker experience and education requirements under the Residential Mortgage Act (RMA). Under the adopted rules, an applicant for a
Colorado passed a bill enacting release of lien requirements with respect to lines of credit. Under the bill, if a line of credit is secured
South Carolina passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
Maryland adopted rules reducing the investigation fee required for licensing and the fee for participating in pre-file foreclosure mediation. Under the adopted rules, a mortgage
Connecticut passed a bill delaying the effective date of the Uniform Power of Attorney Act (UPAA). Under the bill, the effective date of the UPAA
Idaho adopted rules amending disclosure requirements under the Residential Mortgage Practices Act (RMPA). The adopted rules eliminate disclosure requirements duplicative to federal law. The following
Wisconsin passed a bill amending the foreclosure redemption period with respect to 1- to 4- family owner occupied residences. Under the bill, the foreclosure redemption
Washington adopted rules amending the Mortgage Broker Practices Act. Under the adopted rules: licensing requirements for companies providing loan processing or underwriting services are clarified;
Washington adopted rules amending the Consumer Lending Act. Under the adopted rules: licensing requirements for branch managers and companies providing loan processing or underwriting services
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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