Idaho passed a bill requiring junior lienholder’s to provide a “notice of liability” to borrower’s in default, in the event the senior mortgage is foreclosed
VA issued Circulars 26-17-22, 26-17-24 and 26-17-25, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding
VA increased the maximum allowable liquidation appraisal fee in Alaska, Idaho, Utah and Wyoming. These changes are reflected on the VALERI Fee Cost Schedule. The
Idaho passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Idaho adopted rules amending disclosure requirements under the Residential Mortgage Practices Act (RMPA). The adopted rules eliminate disclosure requirements duplicative to federal law. The following
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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