Freddie Mac issued Bulletin 2017-24 (Bulletin), announcing temporary revisions to selling requirements for mortgage loans impacted by California wildfires. The temporary selling requirements include updates with respect to: age of documentation requirements; assessment of property damage; automated collateral evaluation (ACE) appraisal waivers; Loan Collateral Advisor (collateral representation and warranty relief); reimbursement for property inspections; and cash contracts. The Selling Guide will not be updated to include these temporary requirements. Sellers must retain a copy of the Bulletin to ensure compliance with the temporary requirements. The temporary selling requirements went into effect October 25, 2017.
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
