Oregon adopted a rule allowing licensed mortgage loan originators and employees to work at home. Under the rule adoption, a mortgage banker or mortgage broker
VA increased the maximum allowable liquidation appraisal fees for properties located in Oregon. These changes are reflected on the VALERI Fee Cost Schedule. The increased
Oregon passed a bill amending security breach disclosure requirements. Under the bill, persons that own, license or otherwise possess personal information must provide a security
Oregon passed a bill enacting the Mortgage Loan Servicer Practices Act (MLSPA). Under the bill, a person may not service a residential mortgage loan in
Oregon passed a bill requiring mortgage lenders and servicers licensed under the Mortgage Lender Law (MLL) to provide an annual “notice of responsibility for property
Oregon passed a bill repealing the requirement that a lender or servicer submit a Foreclosure Avoidance Measure Notice to the Department of Justice. Under Oregon’s
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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