Rhode Island passed a bill extending the sunset date of the Foreclosure Mediation Program (Program) for an additional 5 years. Under the bill, the sunset date of the Program is now July 1, 2023 (rather than July 1, 2018).
See State of Rhode Island General Assembly website for the full text of the Statutes:
http://webserver.rilin.state.ri.us/BillText/BillText18/HouseText18/H7385A.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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