Rhode Island passed a bill amending the General Laws Licensed Activities Act (GLLAA) and the Secure and Fair Enforcement Mortgage Licensing Act (SFEMLA). The bill
Fannie Mae revised the Texas Home Equity Security Instrument Form (Form 3044.1). The revision to the Texas Home Equity Security Instrument removes language in the
Rhode Island passed a bill authorizing the remote notarization of documents. Under the bill, a remote notarization is defined as a notarial act performed by
Rhode Island passed a bill enacting lender-placed insurance provisions. The bill enacts lender-placed insurance provisions with respect to the term of the insurance policy, the
North Carolina passed a bill authorizing remote electronic notarizations and establishing requirements for the performance of remote electronic notarizations. A remote electronic notarization is defined
FHA issued Mortgagee Letter 2022-11, updating the initial appraisal validity period and extending the appraisal update validity period. Per the Mortgagee Letter, FHA, for origination,
Minnesota issued a notice (Notice) increasing the amount of the state’s homestead exemption. Per the Notice, the homestead exemption is increased to $480,000 (rather than
Fannie Mae issued Lender Letter LL-2022-03, mandating the use of Supplemental Consumer Information Form (Form 1103) for loans sold to Fannie Mae with application dates
Fannie Mae updated Lender Letter LL-2021-03: Impact of COVID-19 on Origination to remove the suspension of bulk acquisitions, and update the allowable delivery time for
Fannie Mae issued Selling Guide Announcement SEL-2022-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: added requirements for compliance with
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
