Fannie Mae issued Selling Guide Announcement SEL-2022-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae now allows desktop appraisals for
RHS adopted rules mandating the use of the Guaranteed Underwriting System (GUS) and the Lender Loan Closing System (LLC) for all Single Family Housing Guaranteed
Freddie Mac issued Bulletin 2022-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac now allows desktop appraisals for purchase transactions
New York passed a bill authorizing electronic notarizations and establishing requirements for the performance of electronic notarizations. An electronic notarization is a notarial act performed
Louisiana adopted a rule authorizing remote online notarizations and establishing requirements for the performance of remote online notarizations. A remote online notarization is a notarial
VA issued Circular 26-22-02 (Circular), announcing updates to the Counseling Checklist for Military Homebuyers form (VA Form 26-0592). Per the Circular, VA Form 26-0592 has
The New Jersey Department of Banking and Insurance issued a bulletin amending the high-cost home loan limit under the Home Ownership Security Act of 2002
Fannie Mae issued Lender Letter LL-2022-01: Loan-Level Price Adjustments (LLPAs). The LLPAs apply to second homes and high balance mortgage loans. In addition, Fannie Mae
VA issued Circular 26-21-26 to clarify the funding fee determination for borrowers purchasing or constructing a home with a 5% or 10% down payment. Per
Fannie Mae issued Selling Guide Announcement SEL-2021-11 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: modified the definition of principal
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
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