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
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
RHS Defers Effective Date of Final Rule Amending Special Servicing Options for Non-Performing Loans and Adjusting the Mortgage Recovery Advance Process
February 12, 2025
On February 6, 2025, RHS issued a SFH Guaranteed Servicing Notice (Notice) postponing the effective date of the final rule amending special servicing options for
