The US Department of Treasury, the US Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) released a joint paper regarding the future of loss mitigation based on lesson learned from the financial down turn.
Click here to view the Guiding Principles For The Future Of Loss Mitigation White Paper
Click here to view the Treasury, HUD and FHFA White Paper on the Future of Foreclosure Prevention
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Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
FHA issued Mortgagee Letter (ML) 2025-09 and Title I Letter (TIL) TIL-490 removing loan eligibility for non-permanent residents. Per the ML and TIL, FHA eliminated
