Utah Enacts Uniform Mortgage Modification Act
April 3, 2025
Utah passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
April 2, 2025
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
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
FHA Extends Foreclosure Moratorium for Borrowers Impacted by Los Angeles County, California Wildfires
March 11, 2025
FHA issued Mortgagee Letter 2025-07 extending the foreclosure moratorium for borrowers impacted by Los Angeles County, California wildfires by 90 days. FHA provided an automatic
Freddie Mac Issues Bulletin 2025-3: Selling Updates
March 11, 2025
Freddie Mac issued Bulletin 2025-3 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the age of the
RHS Revises Effective Date of Recent Revisions of SFH Guaranteed Loan Program Technical Handbook (HB-1-3555)
March 5, 2025
RHS issued a SFH Guaranteed Servicing Notice (Notice) revising the effective date of recent revisions to the SFH Guaranteed Loan Program (SFHGLP) Technical Handbook (HB-1-3555).
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
Fannie Mae Issues Servicing Guide Announcement SVC-2025-01
February 17, 2025
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 Issues Bulletin 2025-2: Servicing Updates
February 17, 2025
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
