Idaho Amends Residential Mortgage Practices Act
March 18, 2025
Idaho passed a bill amending the Residential Mortgage Practices Act (RMPA). Under the bill, a mortgage lender, broker, loan officer, or servicer licensed under the
Arkansas Amends Fair Mortgage Lending Act
March 17, 2025
Arkansas passed 2 bills (HB 1184 and HB 1466) amending the Fair Mortgage Lending Act (FMLA). Under HB 1184, a mortgage lender, broker or loan
RHS Revises Effective Date of Rule Amending Manufactured Housing Provisions under the Single Family Housing Guaranteed Loan Program
March 5, 2025
RHS issued a SFH Guaranteed Origination Notice (Notice) revising the effective date of a recently adopted rule amending manufactured housing provisions under the Single Family
Arizona Permits Employees to Work at Remote Locations
February 24, 2025
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
FHA Temporarily Waives Recently increased Base Flood Elevation Requirement for Certain Newly Constructed Properties
February 24, 2025
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
New York Amends Recently Enacted Flood Insurance Requirements and Restrictions for Mortgage Lenders and Servicers
February 17, 2025
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
Freddie Mac Issues Bulletin 2025-1: Selling Updates
February 7, 2025
Freddie Mac issued Bulletin 2025-1 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to expanded eligibility for hybrid
Fannie Mae Issues Selling Guide Announcement SEL-2025-01
February 5, 2025
Fannie Mae issued Selling Guide Announcement SEL-2025-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to cybersecurity requirements
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
January 16, 2025
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
FHA Updates Single Family Housing Policy Handbook
January 15, 2025
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes minor policy changes and technical edits, and incorporates
