Nevada passed a bill authorizing mortgage employees to work at remote locations. Under the bill, a mortgage company licensed under the Mortgage Company and Loan
Nevada passed a bill increasing the amount of the state’s homestead exemption. Under the bill, the homestead exemption was increased to $605,000 (rather than $550,000).
Nevada passed a bill amending the content of the Notice to Tenants of the Property (Notice). The bill removes previously required language from the Notice
Nevada passed a bill reestablishing the Foreclosure Mediation Program. Nevada’s Foreclosure Mediation Program was set to expire on June 30, 2017. Under the bill, the
Nevada passed a bill establishing protections for military servicemembers facing foreclosure. Under the bill, a lender or servicer may not initiate a foreclosure against a
Nevada adopted rules amending requirements under the Mortgage Broker Act. Under the adopted rules, mortgage brokers that service Nevada mortgage loans made or arranged by
Nevada adopted rules amending requirements under the Mortgage Banker Act. Under the adopted rules, mortgage bankers that service Nevada mortgage loans made or arranged by
VA increased the maximum allowable liquidation appraisal fee in 17 states. The appraisal fees increased for the following states: Arizona; California; Connecticut; Delaware; Indiana; Maine;
Fannie Mae issued Servicing Guide Announcement SVC-2016-04 (Announcement). This Announcement: establishes new proration requirements for allowable foreclosure fees in the event a foreclosure is interrupted
Nevada Adopts Mortgage Servicer Act Rules Nevada adopted rules amending the Mortgage Servicer Act (MSA). The adopted rules: establish requirements and application procedures for licensure;
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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