Fannie Mae issued Selling Guide Announcement SEL-2016-03 (Announcement). This Announcement: introduces the HomeStyle Energy mortgage loan (enabling the borrower to finance energy-efficient upgrades when purchasing or refinancing a home); simplifies policies for borrowers with multiple financed properties; eliminates the special lender approval requirement with respect to Texas Section 50(a)(6) mortgage loans; removes the restriction prohibiting a power of attorney in connection with a Texas Section 50(a)(6) mortgage loan; updates co-op share loan policies; clarifies flood insurance coverage requirements; and announces several miscellaneous Selling Guide updates.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
