New York passed a bill prohibiting discrimination against victims of domestic violence.
Under the bill, a lender may not discriminate against an applicant or borrower based on the applicant or borrower’s status as a victim of domestic violence. The bill went into effect May 13, 2022.
Click to view the NY SB 8417: https://www.tenaco.com/wp-content/uploads/2022/05/NY-SB-8417-05-19-22-1.pdf
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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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