New Hampshire Revises the Interest Rate Paid on Funds Held in Escrow
New Hampshire passed a bill revising the interest rate paid on funds held in escrow. Under the bill, lenders and servicers must pay interest on
New Hampshire passed a bill revising the interest rate paid on funds held in escrow. Under the bill, lenders and servicers must pay interest on
New Hampshire passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
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;
New Hampshire passed a bill repealing the Mortgage Servicing Companies Act (MSCA) and repealing and reenacting the Nondepository Mortgage Bankers and Brokers Act (NMBBA). Under
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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