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
Mississippi passed a bill amending the S.A.F.E. Mortgage Act (SMA). Under the bill: annual continuing education requirements for mortgage loan originators and qualifying individuals are
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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