North Dakota Enacts Residential Mortgage Lenders Act
North Dakota passed a bill enacting the Residential Mortgage Lenders Act (RMLA). Under the bill, a person may not engage in the business of residential
North Dakota passed a bill enacting the Residential Mortgage Lenders Act (RMLA). Under the bill, a person may not engage in the business of residential
North Dakota passed a bill enacting the Residential Mortgage Loan Servicers Act. Under the bill, a person may not engage in the business of residential
North Dakota passed a bill amending escrow requirements with respect to surplus escrow funds. Under the bill, a servicer that maintains an escrow account in
North Dakota passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is defined
North Dakota passed a bill amending “notice of default” requirements under the judicial foreclosure process. Under the bill, a lender or servicer is not required
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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